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That fact explains the effort under way to drive consumers toward a better bulb: compact fluorescent lamps (CFLs), which last 10 times as longer as their incandescent counterparts while consuming less than one-third the electricity. The European Union began phasing out incandescents on Sept. 1, banning stores from buying new stock. At up to $10 each, CFLs are more expensive, but experts say they pay for themselves in energy savings within just a few months. The E.U. is even touting the switch as an economic stimulus; experts estimate that the swap to CFLs will save customers €5 billion...
...sordid snippets. In one, Rajaratnam and Danielle Chiesi, a portfolio manager at another hedge fund, apparently discuss how to avoid attracting the attention of regulators. In another, the two contemplate whether the senior vice president at IBM would be more valuable to them at a different firm. In a third, Chiesi, upon sharing non-public details about an upcoming reorganization of the microchip maker AMD, tells an alleged co-conspirator: "You put me in jail if you talk ... I'm dead if this leaks. I really am ... and my career is over. I'll be like Martha f______ Stewart." Both...
...news from most other companies for the just-ended third quarter will be decidedly mixed. "The overall picture for the third quarter is very similar to the second quarter, with most firms beating expectations while the top and bottom lines [i.e., revenues and profits] are still lower than a year ago," says Dirk Van Dijk, chief equity strategist for Zacks Investment Research. Overall, Zacks' analyst surveys suggest that earnings for the S&P 500 will be down 23.8% from last year's third quarter...
...Investors will be getting some tangible good news on earnings too. According to Zacks, companies currently in their fourth quarter are expected to show a modest 7.7% gain over the third quarter of 2009. That's not spectacular, but it's progress and it's real. Says Van Dijk, "It's positive news for the stock market...
Sure, sure, Boston is no Moscow, but what do ya say, Harvard? Could this be the perfect remedy for the seemingly campus-wide epidemic that is our love-hate relationship with snow? With Cambridge getting its first dousing of the white stuff on Sunday–the third earliest date of measurable accumulation according to National Weather Service (October 10, 1979 takes the cake)–we asked students whether they welcomed the sign of an early winter with delight or vexation. Find out what they had to say after the jump...