News / Finance
WhisperfromWallStreet.com "NYSE Afternoon Gainers" - MAGNETEK INC,MAG - STRATEGIC HOTELS A,BEE-PA - U-STORE-IT TRUST,YSI
Magnetek, Inc. - Strategic Hotels & Resorts, Inc. - U-Store-It Trust
MAGNETEK INC,MAG
Magnetek, Inc. provides digital power control systems in the United States and internationally. Its systems control motion and power primarily in material handling, elevator, and energy delivery applications. The company offers power control and delivery systems and solutions for overhead material handling applications used in industries, such as aerospace, automotive, steel, aluminum, paper, logging, mining, ship loading, nuclear power plants, work boats, locomotive yards, and heavy movable structures. It also provides material handling products, including drive systems, radio remote controls, braking, collision-avoidance, and electrification subsystems. In addition, the company designs, builds, sells, and supports elevator application integrated subsystems and drives, which comprise DC high performance elevator drives and AC drives for low and high performance traction elevators to control motion primarily in high-rise and high speed elevator applications.
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STRATEGIC HOTELS A,BEE-PA
Strategic Hotels & Resorts, Inc. announced that it adjourned its annual meeting of shareholders until June 5, 2009 in light of the proxy alert issued by RiskMetrics Group (RMG), formerly Institutional Shareholder Services (ISS), on May 20, 2009. RMG had originally recommended that shareholders withhold votes from all directors because the company did not submit its shareholder rights plan Strategic Hotels & Resorts, Inc. (NYSE: BEE) announced that it adjourned its annual meeting of shareholders until June 5, 2009 in light of the proxy alert issued by RiskMetrics Group (RMG), formerly Institutional Shareholder Services (ISS), on May 20, 2009. RMG had originally recommended that shareholders withhold votes from all directors because the company did not submit its shareholder rights plan (the Rights Plan) to a shareholder vote. However, following discussions with the company, RMG issued an alert stating that it is not highlighting any significant concerns about the adoption of the Rights Plan by the company's board of directors.
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U-STORE-IT TRUST,YSI
U-Store-It Trust, a national self-storage company offering storage facilities, service and solutions, announced today it has established a national network of self-storage facilities and is capable of providing storage solutions to customers in all 50 states. As of March 31, 2009, the company owned 386 self-storage facilities in 27 states and the District of Columbia. U-Store-It currently has contracted with third-party partners to provide self-storage at approximately 150 additional locations, with an estimated 250 more locations that are in the process of joining the rapidly expanding network.
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