11:10AM New York – U.S. stocks declined ahead Fed rate decision. General Mills declined after it offered lower than expected annual profit estimate. Darden Restaurant earnings lifted stocks in the sector.
U.S. stocks fell in the morning trading ahead of rate decision by the Fed.
Of the stocks in S&P 500 index, 93 gained, 403 increased and 4 were unchanged. General Mills led the decliners in the index with a loss of 9% followed by losses in Lincoln National Corp of 7.3%, in Capital One Financial of 6.5%, in Jacobs Engineering of 6.4% and in DR Horton of 6.3%.
Sun Microsystems surged 66% and led the gainers in the S&P 500 index stocks followed by gains in AIG of 25%, in E*Trade Financial of 19%, in Darden Restaurant of 15% and in Citigroup of 11%.
Wall Street Journal report suggested that IBM in discussion to acquire Sun Micro and boost its presence in network server market. 123jump.com contacted investors relations staff at both companies to verify the report but both companies denied to confirm the report. The deal will help IBM to increase server offering to customers and integrate several middleware and other software applications to its largest clients.
Wednesday, March 18, 2009
Natasha Richardson Injured in a Ski Accident
Actress Natasha Richardson has been flown back to New York after being critically injured in a ski accident Monday, sources say.
Richardson, 45, was taking a skiing lesson at Mont Tremblant in Canada when she fell.
A spokesperson for the resort says Richardson, who wasn't wearing a helmet at the time, had no visible sign of injury when she fell, but later said she didn't feel well.
"It wasn't a hard fall, but we checked everything and she seemed to be all right. She was talking. She didn't show any signs of confusion or any injury," said Mont Tremblant Spokeswoman Lyne Lortie.
Richardson was taken to a local hospital and later transferred to the intensive care unit of another hospital. Published reports say she is suffering brain swelling and was flown by private jet to an American hospital for treatment.
The actress has appeared on Broadway in "Closer" and "A Streetcar Named Desire." In 1998, she won a Tony Award for her role as Sally Bowles in "Cabaret."
Richardson is also known for her roles in films such as "The Parent Trap," "Maid in Manhattan," "Love Actually," and "The Handmaid's Tale."
She is the daughter of actress Vanessa Redgrave and the late director Tony Richardson.
Richardson is married to actor Liam Neeson. The couple has two children.
Richardson, 45, was taking a skiing lesson at Mont Tremblant in Canada when she fell.
A spokesperson for the resort says Richardson, who wasn't wearing a helmet at the time, had no visible sign of injury when she fell, but later said she didn't feel well.
"It wasn't a hard fall, but we checked everything and she seemed to be all right. She was talking. She didn't show any signs of confusion or any injury," said Mont Tremblant Spokeswoman Lyne Lortie.
Richardson was taken to a local hospital and later transferred to the intensive care unit of another hospital. Published reports say she is suffering brain swelling and was flown by private jet to an American hospital for treatment.
The actress has appeared on Broadway in "Closer" and "A Streetcar Named Desire." In 1998, she won a Tony Award for her role as Sally Bowles in "Cabaret."
Richardson is also known for her roles in films such as "The Parent Trap," "Maid in Manhattan," "Love Actually," and "The Handmaid's Tale."
She is the daughter of actress Vanessa Redgrave and the late director Tony Richardson.
Richardson is married to actor Liam Neeson. The couple has two children.
World's Deadliest Spider Found in Store
World's deadliest spider found in produce section of Tulsa grocery store
One of the most deadly spiders in the world has been found in the produce section of a Tulsa grocery store.
TULSA, Okla. —
One of the most deadly spiders in the world has been found in the produce section of a Tulsa grocery store.
An employee of Whole Foods Market found the Brazilian Wandering Spider Sunday in bananas from Honduras and managed to catch it in a container.
The spider was given to University of Tulsa Animal Facilities director Terry Childs who says this type of spider kills more people than any other.
Childs says a bite will kill a person in about 25 minutes and while there is an antidote he doesn't know of any in the Tulsa area.
Spiders often are found in imported produce, and a manager at Whole Foods says the store regularly checks its goods and that's how the spider was found.
___
One of the most deadly spiders in the world has been found in the produce section of a Tulsa grocery store.
TULSA, Okla. —
One of the most deadly spiders in the world has been found in the produce section of a Tulsa grocery store.
An employee of Whole Foods Market found the Brazilian Wandering Spider Sunday in bananas from Honduras and managed to catch it in a container.
The spider was given to University of Tulsa Animal Facilities director Terry Childs who says this type of spider kills more people than any other.
Childs says a bite will kill a person in about 25 minutes and while there is an antidote he doesn't know of any in the Tulsa area.
Spiders often are found in imported produce, and a manager at Whole Foods says the store regularly checks its goods and that's how the spider was found.
___
Madoff Wants to Go Out of Jail
HE FACES up to 150 years in jail.
But after spending just one night behind bars, the world's biggest financial fraudster Bernard Madoff is begging to be freed.
The New York Post reported that the 70-year-old, who admitted on Thursday to running a US$65 billion ($108 billion) Ponzi scam, had pleaded with the court to let him loose until he is sentenced on 16 Jun.
Madoff was then ordered to be locked up at the Metropolitan Correctional Centre until his sentencing.
But one day later, his lawyers filed an appeal to the court, arguing that Madoff should be freed as he did not flee after his arrest, even though he knew he would likely die in prison.
His lawyers likened him to some of the biggest white-collar criminals of all time - such as WorldCom's Bernard Ebbers and Enron's Kenneth Lay - who remained free following their convictions.
Since he gave himself up to the authorities in December, Madoff was allowed out on US$10m bail and was placed under house arrest in his swanky US$7m Upper East Side penthouse.
As part of the arrangement, Madoff's wife, Ruth, agreed to pay US$140,000 a month for security monitoring.
That, coupled with the near constant presence of media outside the apartment, makes it impossible for Madoff to disappear, his lawyers argued.
But in the meantime, he would just have to get used to his tiny 2.2m by 2.4m jail cell - about the size of a walk-in closet - and swallow less humble meals than his prime ribs and cognac.
Madoff, whose prisoner number is 61727-054, spent his first night in prison in isolation in a special housing unit, known as 'the box'.
He ate a microwaved meal of frozen chicken patties and canned string beans that were delivered to his cell in a styrofoam container.
A woman who visited another inmate at the lower-Manhattan jail on Friday said: 'Think of the worst school lunch you ever had. The food that they give is like garbage.'
As one veteran defence lawyer, who has had several clients locked up in the correctional centre which also houses terrorists and reputed mobsters, put it: 'Le Cirque it ain't.'
While he is in 'the box', Madoff's relatives won't even be allowed to put money into a commissary account, which would allow him to supplement the meagre fare with chips or candy bars.
But after spending just one night behind bars, the world's biggest financial fraudster Bernard Madoff is begging to be freed.
The New York Post reported that the 70-year-old, who admitted on Thursday to running a US$65 billion ($108 billion) Ponzi scam, had pleaded with the court to let him loose until he is sentenced on 16 Jun.
Madoff was then ordered to be locked up at the Metropolitan Correctional Centre until his sentencing.
But one day later, his lawyers filed an appeal to the court, arguing that Madoff should be freed as he did not flee after his arrest, even though he knew he would likely die in prison.
His lawyers likened him to some of the biggest white-collar criminals of all time - such as WorldCom's Bernard Ebbers and Enron's Kenneth Lay - who remained free following their convictions.
Since he gave himself up to the authorities in December, Madoff was allowed out on US$10m bail and was placed under house arrest in his swanky US$7m Upper East Side penthouse.
As part of the arrangement, Madoff's wife, Ruth, agreed to pay US$140,000 a month for security monitoring.
That, coupled with the near constant presence of media outside the apartment, makes it impossible for Madoff to disappear, his lawyers argued.
But in the meantime, he would just have to get used to his tiny 2.2m by 2.4m jail cell - about the size of a walk-in closet - and swallow less humble meals than his prime ribs and cognac.
Madoff, whose prisoner number is 61727-054, spent his first night in prison in isolation in a special housing unit, known as 'the box'.
He ate a microwaved meal of frozen chicken patties and canned string beans that were delivered to his cell in a styrofoam container.
A woman who visited another inmate at the lower-Manhattan jail on Friday said: 'Think of the worst school lunch you ever had. The food that they give is like garbage.'
As one veteran defence lawyer, who has had several clients locked up in the correctional centre which also houses terrorists and reputed mobsters, put it: 'Le Cirque it ain't.'
While he is in 'the box', Madoff's relatives won't even be allowed to put money into a commissary account, which would allow him to supplement the meagre fare with chips or candy bars.
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