Market Update Close: The market finished the day near session lows as broad-based consolidation closed nine of ten economic sectors in negative territory. While the market showed potential at the onset to get back on the buying track, inspired primarily by a crucial court victory for Pfizer (PFE 24.32 +1.74) and M&A activity, a lack of notable economic data and worries the Q4 rally may be overdone weighed on sentiment into the close. Utilities was in focus following confirmation that FPL Group (FPL 42.76 -0.19) will acquire Constellation Energy (CEG 59.10 -2.52) for $11 bln, however,...
Why Weight? Don't spend all your valuable gym time on a treadmill or stair climber. You may love watching your "calories burned" tally climb, but you may do better to cut it off to squeeze in weight training. Lifting boosts lean body mass, which will rev up your metabolism over time.
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JESSICA'S DIVA DEMANDS
Jessica Simpson, 25, likes to act clueless, but she can swing her celebrity weight like a pro. According to a studio source, weeks before the press tour for The Dukes of Hazzard began, "we were bombarded with a six-page pamphlet of demands for Jessica from the office of her dad, Joe Simpson." Among Jessica's requests: paid accommodations for her hairstylist and assistant in the same hotel as Jessica; a wardrobe budget estimated in the thousands of dollars; cases of Evian water; and paid private... •JEN FREAKS OVER ANGELINA'S NEW BABY •JULIA STILES, GWYNETH PALTROW AND MORE!
NY transit strike deadline passes, talks end Workers from the Transit Works Union participate in a rally in front of the office of New York Governor George Pataki to support their contract negotiations with the Metropolitan Transport Authority (MTA) in New York, December 19, 2005. If an agreement cannot be reached with the MTA by 12:01 a.m. Tuesday, TWU will call for a system-wide strike by the union's 34,000 workers that would leave 7 million passengers stranded and could cost the city as much as $400 million a day. (Keith Bedford/Reuters)
1:42 pm PT Market Wrap :The market finished the day near session lows as broad-based consolidation closed nine of ten economic sectors in negative territory. While the market showed potential at the onset to get back on the buying track, inspired primarily by a crucial court victory for Pfizer and M&A activity, a lack of notable economic data and worries the Q4 rally may be overdone weighed on sentiment into the close. More...
1:09 pm PT Oracle says it rolls out new multi-core pricing and licensing policy (ORCL) 12.32 :Co announced an update to its multi-core processor pricing and licensing policy. The new policies improve parity among hardware vendors and help ensure that customers receive the most advantageous pricing for their Oracle technology software, regardless of the hardware on which it is deployed. Co chose to update its pricing policies to help customers take advantage of the recent advancements in multi-core processor chips from leading vendors. "As technology evolves, we have adapted our licensing models to accommodate those changes. In the same way that the shift from mainframes to client/server and client/server to multi-tiered architectures required new licensing metrics, advancements in multi-core chip technology represents the same," said Jacqueline Woods, VP of Global Pricing and Licensing Strategy. "These new pricing policies will enable our customers to leverage the advancements in multi-core chip technology and derive even more value from their Oracle technology software."
1:09 pm PT AngioDynamics reports $0.01 better than consensus; reaffirms Y06 Revs (ANGO) :Reports Q2 (Nov) earnings of $0.13 per share, $0.01 better than the Reuters Estimates consensus of $0.12; revenues rose 29.9% year/year to $18.7 mln vs the $18.2 mln consensus. The effective tax rate for the 2006 quarter was 37%, compared with 43% for the second quarter of fiscal 2005. The decrease was primarily due to R&D tax credits attributed to the current fiscal quarter. Co reaffirms guidance for FY06, sees FY06 revs of $76 mln vs. $76.89 mln consensus.
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