Philips Lighting Introduces Alto II Linear Fluorescent Lamp Technology
Somerset, N.J. – Philips Lighting Co. announces the introduction of ALTO II, its next-generation low-mercury fluorescent lamp technology for the professional lighting market. Containing 50% less mercury than its previous generation of low-mercury fluorescent lamps, ALTO II technology represents a new standard in green lighting for the market’s broad range of commercial, institutional, industrial and retail applications.
One of Philips Lighting’s leading Green Flagship products, the ALTO II lamps’ long-lasting, energy-efficient, and environmentally conscious product design fully promotes sustainability by helping to reduce CO2 greenhouse-gas and mercury emissions as well as minimize replacement and disposal efforts.
In addition to the T8 ALTO II lamp types that are currently available, Philips Lighting will be incorporating ALTO II technology into its broad range of 32-Watt, 17-Watt, and 25-Watt T8 types over the course of the next 18 months.
Walgreen’s 4Q Drops
CHICAGO One of the nation’s biggest drug store chain operators announced that its fourth-quarter profit dropped nearly 4%, according to Monday’s reports.
Walgreens explained that because of lower reimbursements for popular generic drugs and increased store and staff costs, their net income tumbled.
According to the company’s earnings report, total expenses increased by more than 11% to $12.8 billion, which chairman Jeffrey Rein said was out of line with reimbursements the company received. Prescription sales accounted for nearly two-thirds of the company’s business.
“Managing both expenses and lower reimbursements on some generic drugs is my top priority,” he said in a company release. “We’re going to fix this, and at the same time continue our aggressive growth plan.”
While company’s revenues rose more than 10% to $13.4 billion from $12.2 billion, its net income slipped to $396.5 million, compared to $412.3 million earnings at the same time last year.
For the year, the company said that its earnings increased by to $2.04 billion ($2.03 per share), compared with $1.75 billion ($1.72 per share).
Jonathan Adler creates giftware line for B&N
NEW YORK Barnes & Noble is teaming up with ceramist Jonathan Adler for a new collection this fall.
According to reports, the line will launch in 400 stores on Oct. 20, and will include items such as an umbrella, mug and a vase made exclusively for Barnes & Noble. The collection will range in price from $5.95 and $29.95.