Word: reports
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...where yields fell yet again. The yield on the 10-year note dropped to 2.748%. Ironically, many on Wall Street believe Treasury securities are no bargain, particularly after November's strong showing, when Treasuries delivered their best performance in more than 25 years. Merrill Lynch even issued a market report Monday morning noting that "Treasuries have moved into overvalued territory," yet added that it did not think the bull market in these securities would end anytime soon...
...homes in the future. For poor families, especially those on fixed incomes, a drafty house can eat up a large chunk of their income in the winter. The leakier the home, the more money you're wasting - and the more carbon you're spewing. (See TIME's special report on the environment...
...lure recession-weary consumers into Harvard Square stores, hoping that the unofficial start of the holiday shopping season might boost revenues battered in recent months by a tumbling economy. Expecting the worst, Cambridge business owners said they were pleasantly surprised at the number of shoppers on Friday. One early report suggested that national sales had increased only 3 percent from last year, and all local business owners acknowledged feeling the effects of the slowing economy. At the Adidas Store on Mass. Ave., where employees handed out coupons mimicking back-stage passes that offered passers-by the chance to win gift...
...European pharmaceutical federation, EFPIA, said that the report merely described the landscape of a highly competitive sector, but offered no evidence that competition law had been broken. "The report acknowledges that patents are key to pharmaceutical innovation and should be protected," said EFPIA director general Brian Ager. "Indeed the interim report acknowledges that the industry spends more of its turnover on R&D than any other industry sector in Europe...
...Commission follows up its report with firm action, this could force European drugmakers to adopt global strategies that go beyond merely stamping on cheap rivals...