PicksThatMove: www.PicksThatMove.com: "Picks that move" Alerts, October 30, 2009: AAP, MMM, CDR, VSH, ZTR and CEG
Oct 30, 2009 (M2 PRESSWIRE via COMTEX) --
Companies: 3M Company (MMM), Amway Asia Pacific, Ltd (AAP), Cedar Shopping Centers Inc (CDR), Constellation Energy Group, Inc. (CEG), Vishay Intertechnology, Inc. (VSH), Zweig Total Return Fund, Inc. (ZTR)
Picksthatmove.com Alerts include Advance Auto Parts, Inc., (NYSE: AAP); 3M Company (NYSE: MMM); Cedar Shopping Centers, Inc. (NYSE: CDR); Vishay Intertechnology, Inc. (NYSE: VSH); The Zweig Total Return Fund, Inc.'s (NYSE: ZTR) and Constellation Energy (NYSE:CEG)
-- October 30, 2009 Advance Auto Parts, Inc., (NYSE: AAP) at $37.30 on a volume of 867,178 shares
In a press release on October 30, Advance Auto Parts Announces Decision Not to Renew Partnership With NHRA Funny Car Driver Cruz Pedregon for 2010
ROANOKE, Va., Oct 30, 2009 Advance Auto Parts, Inc., (NYSE: AAP), a leading automotive aftermarket retailer of parts, batteries, accessories and maintenance items, announced today that the Company will not renew its partnership with NHRA Funny Car Driver Cruz Pedregon for 2010. Advance's contract with the Cruz Pedregon team will end on December 31, 2009.
As Advance continues to grow, the Company is actively researching its customer-facing marketing to ensure these investments are better integrated with and effectively support the Company's four key strategies -- Commercial Acceleration, DIY Transformation, Availability Excellence and Superior Experience.
About Advance Auto Parts
Headquartered in Roanoke, Va., Advance Auto Parts, Inc., a leading automotive aftermarket retailer of parts, accessories, batteries, and maintenance items in the United States, serves both the do-it-yourself and professional installer markets. As of July 18, 2009, the Company operated 3,407 stores in 39 states, Puerto Rico, and the Virgin Islands. Additional information about the Company, employment opportunities, customer services and online shopping for parts and accessories can be found on the Company's website at www.AdvanceAutoParts.com.
-- October 30, 2009 3M Company (NYSE: MMM) trading at $73.55 on a volume of 1.58M shares
In a press release on October 30, 3M Expands R&D Capabilities in India
BANGALORE, India, Oct 30, 2009 3M India Ltd. today announced it will establish a new R&D facility in Bangalore to develop products for local markets and better connect technology to customers in India. Globally, 3M has 35 labs across the world. The new facility in India is expected to be completed by the fourth quarter of 2010.
About 3M India Ltd.
3M India Ltd. was established in 1988 and is majority-owned by 3M. The company markets about 5000 products in India including household brands like Scotch-Brite(R) and Post-it(R). The company has leading positions in health care; industrial markets; display and graphics; consumer and office; safety, security and protection services; electronics and communications; and transportation. 3M India's manufacturing facilities are located at Bangalore, Pune and Ahmedabad.
About 3M Company
3M Company (NYSE: MMM) is a diversified technology company with global presence in industrial and transportation; health care; safety, security and protection services; consumer and office; display and graphics, and electro and communications. The Company is a primary manufacturer of products for many of the markets it serves. 3M operates in six operating business segments: industrial and transportation; health care; safety, security and protection services; consumer and office; display and graphics, and electro and communications. The Company's products are sold through numerous distribution channels, including directly to users and through numerous wholesalers, retailers, jobbers, distributors and dealers in a variety of trades in many countries worldwide. In February 2009, the Company announced the formation of its Renewable Energy Division within 3M's Industrial and Transportation Business.
-- October 30, 2009 Cedar Shopping Centers, Inc. (NYSE: CDR) trading at $5.98 on a volume of 276,540 shares.
In a press release out on October 30, Cedar Shopping Centers Announces Closing of Private Placement of its Common Stock With RioCan Real Estate Investment Trust
PORT WASHINGTON, N.Y., Oct 30, 2009 Cedar Shopping Centers, Inc. (NYSE: CDR) today announced that it has completed the previously-announced private placement with RioCan Real Estate Investment Trust of (i) 6,666,666 shares of Cedar's common stock at a price of $6.00 per share and (ii) a warrant to purchase an additional 1,428,570 shares of common stock at an exercise price of $7.00 per share. The warrant is exercisable at any time during the two-year period following today's closing. The private placement of Cedar stock will result in gross proceeds of $40 million to Cedar, with an additional $10 million of gross proceeds to Cedar upon exercise of the share purchase warrants.
About Cedar Shopping Centers
Cedar Shopping Centers, Inc. is a fully-integrated real estate investment trust which focuses primarily on ownership, operation, development and redevelopment of "bread and butter" supermarket-anchored shopping centers in coastal mid-Atlantic and New England states. The Company presently owns and operates approximately 13.1 million square feet of GLA at 124 shopping center properties, of which more than 75% are anchored by supermarkets and/or drugstores with average remaining lease terms of approximately 11 years. The Company's stabilized properties have an occupancy rate of approximately 95%. The Company has also announced a pipeline of seven additional substantially pre-leased primarily supermarket- and drugstore-anchored development properties.
-- October 30, 2009 Vishay Intertechnology, Inc. (NYSE: VSH) last at $6.32 a volume of 934,681 shares
In a press release out on October 30, Vishay and Mag.Layers Announce License Agreement for High-Current, Low-Profile Composite Inductors
MALVERN, PA, Oct 30, 2009 Vishay Intertechnology, Inc. (NYSE: VSH) announced today that Mag.Layers Scientific-Technics Co., Ltd., has entered into a worldwide, non-exclusive license agreement with Vishay for the right to manufacture, use, sell, and distribute composite inductors under certain of Vishay's patents.
Vishay vigorously enforces its intellectual property rights. Non-exclusive licenses for IHLP(R) technology and related technologies are available under the same patents licensed to Mag.Layers and several other inductor manufacturers. Persons interested in licensing this technology should contact Tim Shafer, senior director, product marketing, Inductors Division at +1 605-668-4121.
About Vishay Intertechnology, Inc.,
Vishay Intertechnology, Inc., a Fortune 1,000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers of discrete semiconductors (diodes, rectifiers, MOSFETs, optoelectronics, and selected ICs) and passive electronic components (resistors, capacitors, inductors, sensors, and transducers). These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, and medical markets. Its product innovations, successful acquisition strategy, and "one-stop shop" service have made Vishay a global industry leader. Vishay can be found on the Internet at http://www.vishay.com.
-- October 30, 2009 The Zweig Total Return Fund, Inc.'s (NYSE: ZTR) last at $3.73 on a volume of 104,477 shares
In a press release out on October 30, OneBeacon Reports $14.44 Book Value Per Share
HAMILTON, Bermuda, Oct 30, 2009 Zweig Total Return Fund, Inc.'s Special Meeting of Shareholders Concludes With Fund Remaining Closed-End
NEW YORK, NY, Oct 30, 2009 The Zweig Total Return Fund, Inc.'s (NYSE: ZTR) Special Meeting of Shareholders held on October 27, 2009 concluded with the Fund remaining closed-end. The number of in-person and proxy votes represented at the special meeting did not constitute a quorum and the chairman of the special meeting closed the meeting without adjournment, as permitted by the Fund's bylaws. The number of proxies received represented approximately 32% of the Fund's outstanding shares, with less than 8% of outstanding shares in favor of the conversion proposal. The affirmative vote of a majority of shares outstanding as of the record date would have been required to pass the proposal.
About The Zweig Total Return Fund, Inc.
The Zweig Total Return Fund, Inc. is a closed-end fund with an investment objective to seek the highest total return, consisting of capital appreciation and current income, consistent with the preservation of capital. The Zweig closed-end funds are advised by Zweig Advisers LLC. For more information on the Fund, please contact shareholder services at 800.272.2700 or visit us on the web at www.virtus.com.
-- October 30, 2009 Constellation Energy (NYSE:CEG) trading at $31.16 on a volume of 1.99M shares
In a press release out on October 30, Maryland Public Service Commission's Ruling Related to the Proposed Nuclear Joint Venture Between Constellation Energy and EDF Group
BALTIMORE & PARIS, Oct 30, 2009 Constellation Energy (NYSE:CEG) and EDF Development Inc. (a wholly-owned subsidiary of EDF S.A.) issued the following statement regarding the order issued today by the Maryland Public Service Commission (PSC) in connection with the proposed nuclear joint venture between Constellation Energy and EDF.
About Constellation Energy
Constellation Energy (www.constellation.com) is a leading supplier of energy products and services to wholesale and retail electric and natural gas customers. It owns a diversified fleet of generating units located throughout the United States, totaling approximately 9,100 megawatts of generating capacity, and is among the leaders pursuing the development of new nuclear plants in the United States. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. A FORTUNE 500 company headquartered in Baltimore, Constellation Energy had revenues of $19.8 billion in 2008.
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Companies: 3M Company (MMM), Amway Asia Pacific, Ltd (AAP), Cedar Shopping Centers Inc (CDR), Constellation Energy Group, Inc. (CEG), Vishay Intertechnology, Inc. (VSH), Zweig Total Return Fund, Inc. (ZTR)
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