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...loss a year earlier. However, it missed analysts' projections. Investors were particularly miffed at Alcoa's revenue number, which totaled $5.43 billion, down 4.6% from $5.69 billion a year ago. Analysts had been expecting revenue growth. Investors subsequently dumped shares, causing the stock to plunge 11%, its worst one-day drop since last March. "The reaction [to Alcoa's miss] is a reflection of what's to come," says Cass. "Welcome to 2010, where scrutiny and reckoning and ramifications are in vogue and giving people the benefit of the doubt is very last year...
Though President Barack Obama's on-the-ground diplomacy on the final day of the summit produced what came to be called the Copenhagen Accord, there are more than a few environmentalists who believe the conference was a failure. That may be going too far. A three-page, nonbinding agreement that wasn't fully accepted by all of the nations in attendance may be a diplomatically flimsy thing, but it does hold real promise. Major developed and developing countries agreed that by Jan. 31 they will submit their emissions-reduction plans - plans that will be crucial in pushing the world...
That was the main message behind the one-day Investor Summit on Climate Risk at the U.N. on Jan. 14. The event connected green luminaries like Al Gore with the unfamous people who direct hundreds of billions in private investment. This was the fourth annual summit, but it may have been the most fortuitously timed of the lot - occurring after Copenhagen, before the U.S. Senate begins its real work on climate legislation this year and just as investors begin to climb out of the recession. The feeling at the session was hopeful - investors, especially large-scale institutional funds that need...
Kyle, 27, has spent most of his life in the groves, which have been in the family since his great-grandfather's day. His first memories are of riding a tractor beneath mile after mile of rich, dark green foliage dappled with orange and yellow. For Kyle and his brother, punishment for misbehavior as teens meant picking fruit for an entire day. "I worked all day and hadn't even filled a tub three-fourths full," Kyle recalls, noting that a good picker can fill three or four tubs, which hold 90 lb. each, in an eight-hour day...
Rodrigo Rosenberg became a household name in Guatemala after he posthumously accused the President and First Lady of ordering his Mother's Day murder last year. His words, left behind in a video taped days before he was shot to death on a tree-lined boulevard, sent tens of thousands of protesters into the streets and sparked youth-led reform movements. But the case that once seemed powerful enough to topple a presidency came to a bizarre end on Jan. 12 as investigators concluded that Rosenberg, distraught over the murder of his girlfriend and her father, ordered his own death...