|
|
ONLINE FEATURES
Book Reviews
BW Video
Columnists
Interactive Gallery
Newsletters
Past Covers
Philanthropy
Podcasts
Special Reports
BLOGS
Auto Beat
Bangalore Tigers
Blogspotting
Brand New Day
Byte of the Apple
Economics Unbound
Eye on Asia
Fine On Media
Green Biz
Hot Property
Investing Insights
Management IQ
NEXT: Innovation
NussbaumOnDesign
Tech Beat
Working Parents
TECHNOLOGY
J.D. Power Ratings
Product Reviews
Tech Stats
Wildstrom: Tech Maven
AUTOS
Home Page
Auto Reviews
Classic Cars
Car Care & Safety
Hybrids
INNOVATION
& DESIGN Home Page Architecture Brand Equity Auto Design Game Room SMALLBIZ Smart Answers Success Stories Today's Tip INVESTING Investing: Europe Annual Reports BW 50 S&P Picks & Pans Stock Screeners Free S&P Stock Report SCOREBOARDS Hot Growth 100 Mutual Funds Info Tech 100 S&P 500 B-SCHOOLS Undergrad Programs MBA Blogs MBA Profiles MBA Rankings Who's Hiring Grads | |
JANUARY 16, 2006
Edited by Toddi Gutner GADGETS Snow Shoveling Made Easy For some, shoveling snow is nothing more than a brisk morning workout. But for many others, all that bending, lifting, and twisting may lead to back problems -- or worse. Not with this weird-looking snow shovel. Wovel (rhymes with shovel) is the latest in ergonomic shovels that make moving the white stuff easier on your body. It has the usual handle and blade, but in between is a wheel three feet in diameter that turns the Wovel into a seesaw. That lets you use your body weight rather than muscle power to throw slush and snow. The polypropylene blade measures more than two feet wide and will hold up to 60 lbs. It's $120, plus $20 shipping, at wovel.com. By Larry Armstrong PROFITS Pro Forma Puffery Now that companies must deduct the cost of employee stock options from earnings on their income statements, many businesses are highlighting in their quarterly earnings releases an unofficial, or "pro forma," version that ignores those pesky costs. Some are going further. Tech companies Entegris (ENTG ) and Linear Technology (LLTC ) each show numbers on their releases that ignore the cost of restricted stock, too. With restricted stock grants growing -- up 13% for Standard & Poor's 500 (MHP )-stock index companies in 2004 and 74% in 2003 -- more may adopt this practice, says Jack Ciesielski, publisher of The Analyst's Accounting Observer. That would make comparing pro forma and past results difficult. Steve Cantor, Entegris director of investor relations, says his company issued a lot of restricted shares to retain executives following a recent merger. The expense "was large and unique enough that we wanted to call it out," he says. Linear's chief financial officer, Paul Coghlan, says the company's pro forma earnings illustrate the impact on earnings of new accounting rules that cover stock options and restricted stock. By Anne Tergesen INVESTING 
  TIME OFF Bowled Over In Detroit Who needs football? The Detroit Institute of Arts (dia.org) is kicking off its own Super Bowl event a week before the gridiron spectacular comes to the Motor City. The multimedia show, which runs through Apr. 30, features prints, drawings, and photographs of bowls along with a variety of three-dimensional objects, including tureens and vases. Best of all: no beer commercials. By Monica Gagnier
| | |
 Copyright 2006, by The McGraw-Hill Companies Inc. All rights reserved.Terms of Use | Privacy Notice |
Printer-Friendly Version