Market Update Close: Unlike the last few sessions, which succumbed to late-afternoon selling pressures, the major averages found renewed buying interest heading into the finish. Acting as sources of support that helped closed nine out of ten economic sectors higher and offset some negative news on the corporate front were tame economic data, falling bond yields and a decline in crude. Before the bell, Nov. personal income and spending both rose 0.3%, which were about what economists expected and consistent with current Q4 real GDP expectations of about 3% growth. More notably, though, the core PCE...
A Toast to Soy Raise a glass of soynog this season to pay tribute to your heart health.
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General Health Tip
"Fat-Free" Flimflam? Many "fat-free" foods actually have the same number of calories as their whole-fat counterparts. Food manufacturers often replace fat with sugar -- leaving the calories the same. And if you're trying to lose weight, that's no bargain: All calories count.
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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!
New York's 3-Day Transit Strike Ends Milton Woodward, one of the first transit workers back on the job, sweeps up trash near subway ticket machines and turnstiles at the 34th Street subway station, Thursday, Dec. 22, 2005, in New York. Faced with mounting fines and the rising wrath of millions of commuters, the city transit union sent its members back to work without a new contract Thursday and ended a crippling, three-day strike that brought subways and buses to a standstill. (AP Photo/Julie Jacobson)
2:12 pm PT Market Wrap :Unlike the last few sessions, which succumbed to late-afternoon selling pressures, the major averages found renewed buying interest heading into the finish. Acting as sources of support that helped closed nine out of ten economic sectors higher and offset some negative news on the corporate front were tame economic data, falling bond yields and a decline in crude. More...
1:43 pm PT El Paso provides update for regulated businesses (EP) :Co provides a year-end report on the effects of hurricanes Katrina and Rita on its natural gas pipeline businesses. Onshore and offshore Louisiana, El Paso has made significant progress in restoring facilities to service on the Tennessee Gas Pipeline (TGP), Southern Natural Gas (SNG), and ANR Pipeline (ANR) systems. The company is continuing to conduct detailed assessments on facilities that were affected by the hurricanes. While co operations are improving, third-party production and processing availability continues to affect throughput.
1:19 pm PT New Dragon Asia completes $9.5 mln private placement (NWD) 1.53 :