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...Earnings gains may make for good financial headlines but they don't necessarily reflect the growth of the underlying business. Indeed, most companies have just wrapped up a year of dismal quarterly results where many slashed jobs and other expenses to weather the debilitating recession and frozen credit markets. Thus, the near-term earnings may look much improved even though demand for a company's products may have slumped. "Cost-cutting has been the major force driving earnings and earnings surprises," says Dirk Van Dijk, chief equity strategist at Zacks Investment Research, which monitors earnings projections from Wall Street analysts...

Author: /time Magazine | Title: Big Earnings Gains May Not Lift Stocks | 1/15/2010 | See Source »

...Last year, investors were content to grasp onto any scrap of good news they heard during earnings conference calls as an excuse to buy up stocks even when top-line growth was soft, says Cass. "They were determined to find a silver lining in everything...

Author: /time Magazine | Title: Big Earnings Gains May Not Lift Stocks | 1/15/2010 | See Source »

...good start at Copenhagen, but we're still without a very clear goal, without clear carbon caps, without a price on carbon," says Mindy Lubber, president of Ceres, a national network of major institutional investors and public-interest groups. "The private sector is ready to rock and roll." (See pictures of the effects of global warming...

Author: /time Magazine | Title: After Copenhagen, Getting Business into Green Tech | 1/15/2010 | See Source »

...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. (See the top 10 green ideas...

Author: /time Magazine | Title: Freezing in Frostproof: Saving Florida's Oranges | 1/14/2010 | See Source »

...Kyle yanked an early-season orange from a tree. He sliced the top third and the juice ran freely, making him think they may have squeaked through another night. But with a second cut through the middle, Kyle shook his head. "This is not good," he said, running his knife through slush, as it's called in the industry...

Author: /time Magazine | Title: Freezing in Frostproof: Saving Florida's Oranges | 1/14/2010 | See Source »

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