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HCN Stock Watch: Unremarkable Tuesday

BY HBSDEALER Staff

Stocks were largely bearish at Tuesday’s close, with only a handful of HCN stocks posting marginal gains.

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Larson promotes Magnalight LED

BY HBSDEALER Staff

Larson Electronics says it is making it easier for homeowners who want to begin the transition to LED lighting with its 10-watt Directional LED light bulb. 

When replacing burned-out bulbs to LEDs, or direct replacement, the new Magnalight LED-A19-10-E26 offers a money-saving option, the company said.

The Magnalight is designed to fit in standard light bulb sockets but provides durability and multi-color adjustability that makes it ideal for industrial and commercial applications. This 10-watt LED provides 1050 lumens from only 10 watts.

“The Edison filament-based incandescent light bulb was a horrible idea, and now we can be rid of it,” said Rob Bresnahan, with Larsonelectronics.com. “The longevity and durability of this bulb, along with the significant reduction in costs to operate it, it will pay for itself again and again.” 

The LED-A19-10-E26 is the ideal upgrade or replacement for directional hand lamps and drop lights. This bulb produces nearly 20% more light at 5 ft. than a standard 100-watt rough service bulb. Combined with a "cool white" color output, this bulb is ideal for improving the light output of hand lamps, drop lights, and other standard incandescent lighting within industrial or residential applications. Operators will also benefit from the cool operation of portable lighting equipped with LED bulbs, and can stop burning themselves and others with incandescent versions of the same lights.

The base is the same screw in base that the standard light bulb will have in the United States and Europe. You can use this LED light bulb in a standard lamp in your home and install it in seconds.

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Paint companies hit with lead-paint ruling

BY HBSDEALER Staff

The paint industry has proved generally successful in court, dodging expensive lead-paint related rulings.

But not in California. Not Monday.

A judge in Santa Clara County Superior Court ruled that paint companies must pay $1.1 billion to 10 California cites and counties — including Los Angeles County — as part of a lead removal program. Millions of older homes will be involved in the treatment.

In a 10-page decision, judge James Kleinberg wrote: “There is clear and present danger that needs to be addressed. The defendants sold lead paint with actual and constructive knowledge that it was harmful.”

The ruling — after 13 years, three judges and a recent five-week trial without a jury — hits Sherwin-Williams Co., ConAgra Grocery Products Co., NL Industries Inc. and Sherwin Williams Co.

"The existence of other sources of lead exposure has no bearing on whether lead paint constitutes a public nuisance," Kleinberg wrote in today’s opinion. "It does not change the fact that lead paint is the primary source of lead poisoning for children in the jurisdictions who live in pre-1978 housing." 

Defenders of the paint companies have claimed for years that the paint companies marketed lead-based paint in good faith, not knowing the health risks.

“The decision violates the federal and state constitutions,” said spokeswoman Bonnie Campbell in a prepared statement. “It rewards scofflaw landlords who are responsible for the risk to children from poorly maintained lead paint.”

The companies will ask Kleinberg to alter his ruling. They also said they will file an appeal if that’s what it takes to change the ruling.

ConAgra was particularly puzzled with the judge’s decision.

"We vehemently disagree with the decision and will appeal. We are absolutely not an appropriate defendant," said a spokeswoman. "ConAgra Foods was never even in the paint business. As a food maker who employs thousands of people in California, we believe this case is an unfortunate example of extreme overreach."
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