03/06/2013 [ACCESSWIRE]

New York (March 6th, 2013) - Cree, Inc. (NASDAQ: CREE) introduces a game-changing series of LED bulbs at a retail price point that gives consumers a reason to switch to LED lighting. The long-lasting Cree LED bulbs showcase Cree’s commitment to LED lighting innovation. The new bulbs shine as brightly as comparable incandescents while saving 84 percent of the energy compared to traditional bulbs. The Cree LED bulbs are backed by a 10-year limited warranty and available exclusively at The Home Depot®. 

“The Cree LED light bulb was designed to offer consumers a no-compromise lighting experience at a compelling price,” said Chuck Swoboda, Cree chairman and CEO. 

Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, mercury-free LED lighting. 

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Hertz Global Holdings, Inc. (NYSE: HTZ) and Penske Automotive Group, Inc. (PAG) announced the completion of a Franchisee agreement for Penske Automotive Group to become the operator of Hertz Car Rental locations in certain markets throughout Indiana. The partnership is part of Hertz's company-wide initiative aimed at increasing its presence in targeted car rental markets. 

Penske Automotive Group purchased the assets of Hertz in select Indiana markets, providing the opportunity to operate more than 20 Hertz airport and off-airport locations, including the three principal airports of Indianapolis, Fort Wayne, and South Bend. 

The agreement with Penske is part of Hertz's strategy to transition select corporate markets to franchisee operations.

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http://www.wallstreetreport.net/market-scan/?symbol=HTZ

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