Word: stocking
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...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 annually...
...July 19, 2007, Google reported earnings that were lower than what analysts had expected, and the tech company's stock price dropped 5% - but Raj Rajaratnam made $9 million. Allegedly, the New York hedge-fund manager had gotten a tip that Google's earnings would be below expectations, so he was prepared with short positions and put options that would become more valuable as the stock price fell. The alleged source of the tip: an employee at an investor-relations firm that helped Google announce its earnings who wanted to be paid for similar informational gems in the future...
...court cases. "It's one of those areas where the courts say, 'I know it when I see it,' " says Gerald Lefcourt, a white-collar criminal defense lawyer in New York and past president of the National Association of Criminal Defense Lawyers. (See pictures of the top 10 scared stock traders...
...long faced suspicions of financial misconduct in the island nation where he was born in 1957. He has been accused of being a supporter of the now-defunct Liberation Tigers of Tamil Eelam (LTTE) and of using his financial strength to gain a foothold on the Sri Lankan stock market and manipulate it to suit Tiger strategies to undermine the Sri Lankan economy. Though he has not faced any formal charges in Sri Lanka, Rajaratnam and the Galleon Group, the hedge fund he founded, have been linked by Sri Lankan financial authorities to a pending court case in which...
...authorities, according to Sri Lankan security expert Shanaka Jayasekara, attached to the Centre for Policing, Intelligence and Counter Terrorism at Macquarie University in Sydney, Australia. "He had come to the attention of the Financial Intelligence Unit due to the funding," he says. (See pictures of the top 10 scared stock traders...