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Market Roundup
Monday, March 19, 2012 - 11:41am | 199Shares of Nielsen Holdings NV (NYSE: NLSN) dropped about 0.14% after the company announced its plans to launch a public offering of 25 million shares of common stock. Shares of LSI Industries Inc (NASDAQ: LYTS) rose about 3.1% after the company announced its plans to acquire Virticus Corporation...
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LSI Industries Announces Acquisition of Virticus Corporation for $3.15M Plus $5M Contingent Payment
Monday, March 19, 2012 - 5:48am | 137LSI Industries Inc. (Nasdaq: LYTS) today announced that it has entered into a definitive agreement to acquire Virticus Corporation, located in Beaverton, Oregon. Consideration for the purchase of all of the issued and outstanding capital stock of Virticus consisted of $3.15 million in cash and a...
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LSI Industries Chosen by Asbury Automotive Group to Supply LED Site Lighting
Wednesday, March 14, 2012 - 1:32pm | 110LSI Industries Inc. (Nasdaq: LYTS) today announced that it has entered into an agreement with Asbury Automotive Group Inc., the 6^th largest automotive retailer in the country, to supply its LED site lighting in both new and existing facilities. Headquartered in Duluth, GA, Asbury operates 79...
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Lime Energy Awarded Energy Efficiency Direct Install Program Contract
Thursday, February 2, 2012 - 3:59pm | 72Lime Energy Co. (Nasdaq: LIME) announced today the award of a contract by NSTAR Electric & Gas for the implementation of their Energy Efficiency Direct Install Program. NSTAR, the largest Massachusetts-based, investor-owned gas and electric utility, has been a leader in providing customer...
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Light Up Your Portfolio with Energy Efficient Bulbs
Monday, January 9, 2012 - 2:57pm | 934Acuity Brand (NYSE: AYI) released its first quarter 2012 results Monday morning, which beat analysts' estimates. The lighting solutions company reported first quarter earnings per share of $0.74 on revenues of $474.3 million. The general consensus estimate for earnings were $0.67 on revenues of $...
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Magnetek Amends Revolving Credit Facility; Expands The Credit Line From $7.5M To $12.5M
Monday, December 19, 2011 - 8:45am | 68Magnetek, (NYSE: MAG) announced today that it has entered into an amendment of its revolving credit facility with Associated Bank, National Association, which extends the facility through June 2013. The amended credit facility also expands the credit line from $7.5 million to $12.5 million. The...
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Lime Energy Powers Electric Vehicles
Tuesday, November 29, 2011 - 2:23pm | 153Lime Energy Co. (Nasdaq: LIME) announced today completion of the design and installation of 90 electric vehicle charging stations in four states. Under the $2 million contract awarded earlier this year. Lime completed stations for a fleet of electric delivery vehicles in California, Connecticut,...
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Magnetek Receives Final Approval of Pension Funding Waiver
Monday, November 7, 2011 - 8:45am | 237Magnetek, Inc. (NYSE: MAG) announced today that the Company received final approval of its request for a waiver of the minimum funding requirements of the Company's defined benefit pension plan for the 2011 plan year. The amount of the funding waiver requested was approximately $17 million,...
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New York Stock Exchange Accepts Magnetek's Continued Listing Plan
Thursday, November 3, 2011 - 7:45am | 70Magnetek, Inc. (NYSE: MAG) today announced that the New York Stock Exchange notified the Company that it has accepted the Company's proposed plan for continued listing on the NYSE. The Listings and Compliance Committee of the NYSE has chosen, at its discretion, to truncate the plan period for...
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Magnetek Provides Update on New York Stock Exchange Issues
Monday, October 31, 2011 - 7:50am | 527Magnetek, Inc. (NYSE: MAG) today provided an update of its ongoing communications with the New York Stock Exchange. The NYSE notified the Company on October 26, 2011, that it is reviewing the Company's proposed plan for continued listing on the NYSE. The Company had submitted its plan earlier in...
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Magnetek Receives Conditional Approval of Pension Funding Waiver
Tuesday, October 25, 2011 - 7:45am | 204Magnetek, Inc. (NYSE: MAG) announced today that the Company received conditional approval of its request for a waiver of the minimum funding requirements of the Company's defined benefit pension plan (the “Plan”) for the 2011 plan year. The amount of the funding waiver requested was approximately $...
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Eaton Earnings Preview: Analysts Expect Higher EPS, Revenue
Wednesday, October 19, 2011 - 9:39am | 560Eaton (NYSE: ETN) announces its next round of earnings this Monday, October 24, 2011. Get prepared with Benzinga's ultimate preview for Eaton's third quarter earnings. Earnings and Revenue: Ahead of the company's earnings announcement, analysts are expecting a positive EPS reading of $1.09/share...
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Magnetek Raises First Quarter Rev Guidance
Monday, October 10, 2011 - 7:45am | 174Magnetek (NYSE: MAG) today previewed its expected results for the first quarter of transition period 2011, which ended October 2, 2011. The Company currently expects revenue for the first quarter of transition period 2011 of approximately $29.0 million, roughly equivalent to bookings during the...
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Rodman & Renshaw Initiates Coverage On Lime Energy With Market Perform Rating
Wednesday, September 7, 2011 - 8:43am | 105According to Rodman & Renshaw, Lime Energy (NASDAQ: LIME) coverage is initiated with a Market Perform rating. Rodman & Renshaw said that its market perform rating is based on our belief that investors may have a better opportunity to enter the stock with a lower risk profile in the future...
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Rodman & Renshaw Initiates Lime Energy At Market Perform
Wednesday, September 7, 2011 - 7:08am | 23Rodman & Renshaw has initiated coverage on Lime Energy (NASDAQ: LIME) with a Market Perform rating.