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Companies share energy efficiency secrets

One of the energy efficient features installed during 2012 at the Marriott La Jolla in La Jolla, Calif., was a programmable thermostat for each room. When a guest leaves the room, a magnetic door sensor tells the thermostat to reduce heating or cooling and when the guest comes back, it returns temperatures to the selected degree.(Photo: Courtesy of HEI Resorts , Hotels)Story HighlightsHotels use in-room devices to alter a room's temperature when guests leaveCompanies boost insulation and use more efficient lighting, appliancesSome tie employee performance reviews and pay increases to energy savingsWhen hotel guests leave their room during the day, a magnetic door sensor tells the thermostat to reduce the heating or cooling. When they come back, it has the temperature return to their selected degree.The programmable thermostat is one of several energy-efficiency features installed last year at the Marriott La Jolla in La Jolla, Calif. The hotel also uses motion sensors on stairwells and vending machines to keep lighting dim when not in use. In 2012, the Marriott La Jolla in La Jolla, Calif., installed energy-efficient features including vending machines with motion sensors that keep the lighting dim until a hotel guest wants to buy something.(Photo: Courtesy of HEI Hotels , Resorts)"We save $5 million per year" on utility bills company-wide with such retrofits, says Bob Holesko, vice president of facilities at HEI Hotel & Resorts, which owns the La Jolla property and 40 others in 16 states. He says basic steps such as programmable thermostats pay for themselves, by lowering energy use, within three years. His company is one of three dozen -- including Best Buy, General Electric, Macy's and Staples -- that have pledged not only to cut energy use 20% by 2020 but also to share their secrets for success as part of a new federal…
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As farmers age, planning for the future of their business grows

The "graying tsunami" in rural America means that more farmers are being forced to decide what happens to their farm once they retire or die.(Photo: Susan Montoya Bryan, AP)Story HighlightsThe aging of the farming community is prompting more attention to estate planningExperts say many farmers aren't doing enough to prepare for passing along their operationsThe reasons farmers often put off estate planning include time and the complicated tax codeWASHINGTON -- When Varel Bailey and his fellow shareholders meet this month, the seven-member family board that includes his three children will focus their attention on one issue: who should benefit from the financial success of the farm.Bailey's parents first began giving shares annually in the Anita, Iowa, farm in 1966 and continued doling out stock equally to their three children during the next 40 years. While Bailey stayed on the farm and helped increase its value, his sisters left and now at least one of them wants to receive full value for her shares. But Bailey believes she didn't contribute to their appreciation and is entitled to one third of the value of the parents' estate at the time he joined the operation but not a third of its value today.As the 73-year old crop and livestock operator prepares the 1,200-acre farm for the future, Bailey is working to determine the "fairness factor," as he calls it, to reward his son, Scot, who has worked with him since 1990 while at the same time fairly rewarding his two daughters who left the farm to embark on successful careers outside of rural America. Currently, each of his three children would receive a third of his shares."We're working on a deal and saying OK is there a way to calculate our son's contribution to the creation of wealth that his two sisters didn't…
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Facebook finds footing a year after IPO flop

The Nasdaq display in Times Square on May 18, 2012, when Facebook's stock went public.(Photo: Spencer Platt, Getty Images)Story HighlightsFacebook's recent reversal of fortunes is helping tech IPO market, some saySlew of potential IPOs %u2014 Twitter, Square, Dropbox %u2014 could mark turnaroundMobile advertising has fueled Facebook renaissanceSAN JOSE — A year ago, Facebook was being blamed for eviscerating the tech IPO market.This year, it could help resuscitate it.Some stock watchers suggest Facebook's recent reversal of fortune reflects a rejuvenated tech market, and the company would have fared much better had it gone public this year. "It's both Facebook performing well, and (a stronger) tech (market) helping any high-profile tech stock," says Bill Tai, a general partner at Charles River Ventures. FACEBOOK FUTURE: Stock struggles to shake off malaise[1]"What happened last year is ancient history," says John Fitzgibbon, founder of market researcher IPOScoop.com. "Facebook was a spectacular pop and flop. Market conditions were bad then."But Facebook's strides in mobile advertising and healthier financial standing since underscore an improved tech sector, Fitzgibbon says."This market is stronger than people realize, with some promising IPOs," Fitzgibbon says. "Apple's stock drop is masking the true strength of (the tech-heavy) Nasdaq composite."Two business-software companies are expected to go public Friday: Marketo, which makes marketing software, and data-visualization company Tableau Software, which recently raised its price range to $28 to $30 per share, from $23 to $26.There could be more, with strong rumblings of potential IPOs over the next year from consumer tech players such as Twitter, Square, Dropbox and Box, among others.Last year, the ripple of Facebook's flop extended to the market, with an absence of consumer-related Web offerings late last year and early this year. Since Facebook stumbled out of the IPO gate, however, it has rebounded nicely.Despite the rap against Internet companies as being…
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What to watch: Stocks still better value than bonds

Traders on the floor of the New York Stock Exchange.(Photo: Richard Drew, AP)Story HighlightsStocks a better buy than bonds?That's what 'earnings yield' on S&P 500 indicatesBut another measure, P-E ratio, is near long-term averageNEW YORK -- U.S. stocks, which hit another record high Tuesday, aren't as cheap as they were when this bull market began in March 2009. But by one valuation measure, they're still more attractively priced than the 10-year U.S. Treasury note, a fixed-income investment that investors flocked to during and after the 2008 financial crisis and Great Recession.When valuing stocks on a price-to-earnings basis, the Standard & Poor's 500-stock index is now trading at nearly 16 times its earnings over the past four quarters, roughly in line or a bit higher than the long-term average P-E ratio of 15. But another metric, the so-called "earnings yield" on the S&P 500, makes stocks look like a better value relative to bonds, according to an analysis by Sam Stovall, chief equity strategist at S&P Capital IQ. The current earnings per share (EPS) yield of the S&P 500 is 5.4%, which is nearly three times as high as the current 1.95% yield on the 10-year Treasury note, the widest gap since 1955. Since World War II, the EPS yield averaged 1.6 times that of the 10-year U.S. government bond.TRACK STOCKS: Get real-time quotes with our free Portfolio Tracker [1]"Common wisdom holds that if stocks are yielding a lot in EPS relative to bonds, stocks are more attractive than bonds," writes Stovall.STORY: Is stocks' recent run start of second leg of bull[2]History says that's bullish for stock prices.In the prior occurrences when the earnings yield on stocks was more than two times the yield on the 10-year note, the S&P 500 rose nearly 12% in the coming 12 months, Stovall adds.References^…
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Your Money: Protecting yourself from identity theft

In many places the top identity theft complaint revolves around government documents and benefits.(Photo: Thinkstock)Story HighlightsIn many places the top identity theft complaint revolves around government documents and benefitsThe top state for identity theft is FloridaKeep your personal information secure online and offlineNot all that long ago, many of us thought we only had to watch our credit cards to avoid identity theft. If the crooks didn't get the numbers on our plastic, we thought, they couldn't live it up and go on a wild shopping spree like the one in the movie Identity Thief. But ID theft scams are all over the map, both in terms of geography and kinds of fraud, according to Federal Trade Commission data.In many states — including Michigan, Kentucky, California, Texas and elsewhere — the largest area for ID theft complaints involves fraud relating to government documents or benefits.Maybe, someone steals your identity so they can use your health care insurance, said Peter Schoenrock, senior vice president for management at Equifax. Or an ID thief can steal information to falsely apply for jobless claims, he said. Or fake IDs are used to create fake tax returns that are packed with lucrative tax breaks, such as education credits or the Earned Income Tax Credit, to create generous tax refunds for criminals. PROTECT YOURSELF: How to keep your personal information secure[1]WHAT TO DO: Immediate steps to take to prevent identity theft damage[2]No, you don't want to leave your credit cards easily in view. But pay attention to your other paperwork, too. You'd be shocked where you'd spot a Social Security number just casually tossed around in your own home. Digging through a stack of old papers in the attic, I found my Social Security number just casually written on an old economics test from back in…
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McDonald's Ohio kidnap tweet raises eyebrows

The man who rescued Amanda Berry, Charles Ramsey, describes the moment he heard her screaming for help and, while holding a Big Mac, kicked in the door to the house she was being held in. McDonald's received mixed reaction to it's tweet about the hero who helped free the Cleveland kidnap victims.(Photo: Justin Sullivan, Getty Images)Story HighlightsMcDonald's says thousands of people have asked it to reward the Cleveland heroThe burger giant has not yet met with RamseyMcDonald's declines to say what it might be willing to do for himMcDonald's has turned to Twitter to say it's hoping to do what "thousands" of people have urged it to do: a good deed for the McDonald's-eating hero who helped free the Cleveland kidnap victims.The tweet — which went out late Tuesday: "We salute the courage of Ohio kidnap victims & respect their privacy. Way to go Charles Ramsey — we'll be in touch."But already, in a world where almost every social-media action results in social-media reaction, there's blow-back. Even more than burgers and fries, perhaps the most important thing that McDonald's sells is its image. That image became intrinsically linked with hero Charles Ramsey, when he told reporters that he was "eating my McDonald's" when he saw kidnap victim Amanda Berry trying to get out of the house — and helped her escape.UPDATE: Latest revelations in Ohio captivity case[1]MENU: McDonald's nixes Angus burgers[2]As of late Wednesday, McDonald's still hadn't met with Ramsey. Even as some applaud McDonald's for reaching out to him, others are condemning the burger kingpin for its tweet. "I call it news-jacking," says Chris Ann Goddard, president of the PR firm CGPR. "They're taking advantage of a situation to help their brand."SLUMP: McDonald's sales hit by weakness overseas[3]McDonald's strongly insists that it's doing nothing of the kind. "Thousands of…
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