Category Archives: Liberty

Referenced Stocks: DRE, LRY

Liberty Property Trust ( LRY ), a real estate investment trust (REIT), reported second quarter 2012 FFO (funds from operations) of 63 cents per share compared with 69 cents in the year-earlier quarter. Reported FFO in the quarter was in line with the Zacks Consensus Estimate. Funds from operations, a widely used metric to gauge the performance of REITs, are obtained after adding depreciation and amortization and other non-cash expenses to net income.

Total revenue for second quarter 2012 stood at $169.2 million compared with $164.4 million in the year-ago quarter. Total revenue for the reported quarter exceeded the Zacks Consensus Estimate of $168 million.

At the end of the reported quarter, the in-service portfolio of Liberty Property, spanning 77.0 million square feet, had occupancy of 90.7% compared with 90.5% in the previous quarter. Liberty Property witnessed strong leasing activities in the quarter with about 5.5 million square feet of leased space. Operating income from same-store properties slipped 0.6% on a cash basis and 1.0% on a straight line basis year over year.

Liberty Property continues to reposition its portfolio by selling suburban office and high-finish flex properties.The company also intends to enhance its cash reserves through significant divestiture of commodity office space. During the reported quarter, Liberty Property sold 54 properties (82.3% leased), spanning 2.7 million square feet in Wisconsin, Maryland, Virginia, North Carolina and New Jersey, for approximately $208.6 million.Additionally, Liberty Property acquired four properties (58% leased) spanning 603,000 square feet of leasable space for $29.3 million.

During second quarter 2012, Liberty Property began development of three properties, spanning 246,000 square feet, for an estimated investment of $23.5 million. Also, the company brought into service one development property spanning 128,000 square feet for $6.6 million.

During the reported quarter, Liberty property redeemed $100 million worth of its outstanding 7.40% Series F Cumulative Redeemable Preferred Units at par. Also the company issued $400 million of 4.125% senior unsecured notes to increase its liquidity. At the end of second quarter 2012, the company had $154.1 million in cash and cash equivalents.

Liberty Property currently retains a Zacks #2 Rank, which translates into a short-term Buy rating. We are also maintaining our long-term Neutral recommendation on the stock. One of its competitors, Duke Realty Corp. ( DRE ) carries a Zacks #3 Rank, which translates into a short-term Hold rating.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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Liberty Property Reports In Line - Analyst Blog

BOSTON--(BUSINESS WIRE)--

Liberty Mutual Holding Company Inc. and its subsidiaries (collectively LMHC or the Company) today reported net income of $139 million and $598 million for the three and six months ended June 30, 2012, increases of $318 million and $413 million over the same periods in 2011.

Second quarter premium growth of 8% was driven by continued momentum in U.S. personal lines, rate increases in U.S. commercial lines, and robust international results despite significant strengthening of the dollar, said David H. Long, President and CEO of Liberty Mutual Insurance. Additionally our profitability improved significantly in the quarter despite catastrophe losses continuing to run at an elevated level. The quarter was a busy one, including a significant debt restructuring, the sale of our Argentina workers compensation company, assimilation of KIT in Russia, and gaining approval to begin writing business in India.

Second Quarter Highlights

Year-to-Date Highlights

Financial Condition as of June 30, 2012

Consolidated Results of Operations for the Three and Six Months Ended June 30, 2012 and 2011:

PTOI before catastrophes, net incurred losses attributable to prior years, current accident year re-estimation and LP and LLC income

Net incurred losses attributable to prior years:

Pre-tax operating income (loss) before LP and LLC income

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Liberty Mutual Insurance Reports Second Quarter 2012 Results

TUCSON, Ariz.--(BUSINESS WIRE)--

Liberty Star Uranium & Metals Corp. (Liberty Star or the Company) (LBSR: OTCBB) is pleased to announce that the Company has entered into an Agreement for Exploration Services (Agreement), including encampment construction, operation and diamond core drilling services, with MBGS LLC (MBGS) of Anchorage, Alaska, for work at the Companys Big Chunk Super Project (BCSP). The camp is to be established in the center of the Big Chunk South block. This agreement will be the first step in Liberty Stars long-term objective of engaging and working with the Alaskan native people in a true business relationship.

An exploration camp is in the process of being set up on a 40 acre Alaskan Native allotment, owned by the principals of MBGS, which lies in the approximate center of the Big Chunk South Claim block. All field mobilization will be centered on this camp facility which will include all the typical amenities such as secure and comfortable accommodations, water, power, cooking facilities and so forth. Fuel and aircraft landing facilities will also be provided, as will Internet computer communication. As this camp will be proximate to all drill targets in both North Big Chunk and South Big Chunk, we foresee that its usefulness will span potentially many years. We believe that substantial cost savings will result from reduced aircraft usage because of proximity to drill targets. There is plenty of room for expansion, and nearby large lakes are available for the landing of pontoon equipped aircraft of any size. The first phase of the Agreementfor exploration services is scheduled to run from approximately August 1 through September 2012. We anticipate this agreement will be successful and continue for many years. Among MBGSs responsibilities is to obtain AK State mandated permits and complete diamond core drilling of HQ size for at least 10 drill holes at a depth ranging from 500 to 2,000 feet.

The location of the drill holes is the result of careful analysis of several data sets: detailed aeromag work contracted by Liberty Star in early 2004, interpretation of geochem work completed by the Company in 2004-2005 by members of Liberty Stars Technical Advisory Group, recommendations made within the 2010 SRK Technical Report covering the BCSP, original and completely reprocessed ZTEM geophysics imaging provided by Geotech LTD. (NR 128), and evaluation by Liberty Stars Chief Geologist James A. Briscoe and Liberty Star Technical Advisory Board Member Dr. Erik Murdock.

Comments James Briscoe: The work we plan to undertake at Big Chunk fulfills our obligations to complete labor on our claims for this year and several years ahead and sets us on a path to engage in a drilling program that I believe will confirm that Liberty Star owns lands that will have commercially important quantities of copper, gold and moly [molybdenum]. The manager of MBGS, Jim Stevens, is an Alaskan native, a very experienced contractor and entrepreneur, a lifelong resident of, was born and grew up in the area. He conceived this approach over the last year and a half, along with my suggestions. We believe he will head the best operation to complete the program quickly and efficiently over the near and long term. We look forward to working with this Alaska native corporation.

Forward-Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include: that the camp may be useful for years and could result in cost savings; that MBGS can obtain drilling permits; and that we have commercially important quantities of copper, gold and molybdenum. Factors which may delay or prevent these forward-looking statements from being realized include; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; and an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Companys recent 10-K and the Companys other periodic reports filed from time to time with the Securities and Exchange Commission.

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Liberty Star Signs Letter of Agreement for Encampment and Drilling Services at Big Chunk, Southwestern Alaska, with ...

Spotted by Mario Testino as a teenager, Liberty quickly became one of the most influential British fashion icons of her generation.

Her work has appeared on publications such as Vogue, Harpers Bazaar, I:D, Dazed & Confused, POP, Vs, Zoo, Visionnaire, Numero, Dansk and Citizen K, amongst others. Shes been featured in numerous campaigns for Sonia Rykiel, Burberry, Dior, Etro, Jimmy Choo, Ungaro, Jil Sander, H&M, Levis and Solange Azagurys jewelry to name a few.

Throughout the years, Liberty has worked alongside some of the most influential names in the fashion industry such as Kate Moss, Katie Grand, Solve Sundsbo, Terry Richardson, Mario Sorenti, Steven Meisel and Mert & Marcus. Her famous collaborations with photographer Nick Knight have seen the duo editing an issue of British Vogue, creating unique videos for Showstudio.com and shooting for Pirellis notorious calendar.

Most recently, Liberty has starred in Sam Taylor Woods "Daydream", Warren Du Preez and Nick Jones performance piece for Unkle "Follow Me Down" and Madonnas directorial debut "W.E." She is also performing in Universal Studios upcoming epic feature "Snow White And The Huntsman" directed by Rupert Sanders.

Liberty currently resides in Malibu, CA where shes developing a series of projects while contributing with a personal blog on Vogue.com

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Liberty Ross, Rupert Sanders' Wife: Pictures and Information

TORONTO, ONTARIO--(Marketwire -07/24/12)- Liberty Silver Corp. (LSL.TO)(LBSV) ("Liberty Silver" or the "Company") has engaged an independent consultancy, SRK Consulting (U.S.), Inc., of Reno, Nevada, to undertake a scoping study for silver production at Liberty Silver's Trinity Silver property.

"We remain guided by our disciplined mitigated-risk approach," said Geoffrey Browne, Liberty Silver's Chairman and CEO. "Even though we have identified multiple exploration targets at Trinity, our board of directors and management are keenly aware of current challenging conditions for junior mining companies in global capital markets. We are thus evaluating various options, including the prudency of immediately proceeding with production planning and execution."

Liberty Silver completed and filed a NI 43-101 technical report on the Trinity mining district silver project in December 2011. The report identified an inferred resource that the Company expects to upgrade in the near term. As part of the first phase 2012 drilling program (See press releases January 25, and July 9, 2012), two drill holes, of a planned twelve-hole program, successfully began confirming the grade and thickness of the resource. Other holes identified strong new silver mineralization outside the current NI 43-101 inferred resource.

The scoping study by SRK Consulting will include the following:

Liberty Silver has also retained JBR Environmental of Reno, Nevada, to begin the permitting process for mine development. JBR has done all of the environmental work for Liberty Silver on the project to date.

Liberty Silver is currently planning the second phase of the Trinity 2012 drill program at locations adjacent to and removed from the resource area as well as confirmation drilling within the resource area.

About Liberty Silver Corp.

Liberty Silver Corp. is focused on exploring and developing mineral properties located in North America. The Company is led by a skilled, experienced, management team and board of directors with significant experience managing exploration, development and mining projects. The Company is committed to creating value for its shareholders by advancing its current projects utilizing its mitigated risk approach to production, developing new resources on its current properties, and by acquiring new properties that have the potential to increase their resource base. The Trinity Silver project, located in Pershing County, Nevada is the Company's flagship project. Liberty Silver has the right to earn a joint venture interest in the 10,476 acre Trinity property from Renaissance Gold Inc. pursuant to the terms of an Earn-In Agreement.

Cautionary Statements

This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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Liberty Silver Starts Planning for Production at Trinity Silver

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--

Green Automotive Company (GACR) today announced it has closed the acquisition of Liberty Electric Cars Ltd. following its announcement on June 29th of the signing of a definitive agreement to acquire the Liberty business.

The combined businesses will now have operations in North America, Europe and Australasia and will continue to expand through a combination of organic growth and targeted acquisitions.

Commenting on the acquisition, Fred Luke, President of Green Automotive, said: Were delighted to have closed this acquisition, which I believe will accelerate our growth as the Liberty management team has state-of-the-art EV technology that would have take us another year or longer to develop. What theyve achieved in Europe has been quite remarkable and we expect their combination of technical excellence and industry knowledge to help give us an edge in this fast growing business. In particular, access to their expertise in conversion programs will help to accelerate our plans to have pure electric buses, shuttles and limos on the road in the very near future.

Ian Hobday, Managing Director of Liberty, said:This is an exciting opportunity for us to bring our class-leading technology to the biggest market place in the world, and were keen to help Fred and his team make this happen. Weve got some incredible products in the pipeline which will really appeal stateside and we cant wait to see them on American roads. Im very proud of the management team weve built at Liberty and what theyve been able to achieve. We look forward to working with the GAC people to make our combined business really fly.

About Green Automotive Company: Green Automotive Company is a US public company involved in the conversion, import and worldwide distribution of eco-friendly vehicles. The Company is presently planning to bring all-electric and other eco-friendly vehicles into the United States market through a combination of converting piston-engine vehicles and importing existing EVs. The Company is currently involved in assessing a number of all-electric and alternate fuel vehicles, including an all-electric intra-city and municipal mass transit bus and school bus, for introduction to the US market. GAC recently acquired Liberty Electric Cars Limited, a UK-based company that designs, develops, manufacturers and markets electric vehicle technologies for use in its own converted vehicles and for sale to OEMs for incorporation into their production. It provides a full aftermarket program to electric vehicle users to ensure the longevity of their vehicles and has partnership arrangements in other European countries. The Liberty team can count on over 200 man years of experience in the automotive industry and specifically 70 plus man years in the EV sector covering some 2,500,000 miles. Green Automotive Company maintains its Corporate Office in Newport Beach, California. Green Automotive Company shares are traded on the OTC Market Tier - OTC Pink Current under the symbol "GACR." For more information visit http://www.usaelectricauto.com or write to info@usaelectricauto.com.

Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Exchange Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties, including, without limitation, the ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Green Automotive Company incorporates by reference its disclosure and financial statements posted on http://www.otcmarkets.com, and does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

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Green Automotive Company Acquires UK-Based Liberty Electric Cars Ltd.

BOSTON--(BUSINESS WIRE)--

The Board of Directors of Liberty All-Star Growth Fund, Inc. (ASG) has declared a distribution of $0.06 per share payable on September 17, 2012 to shareholders of record on August 3, 2012 (ex-dividend date of August 1, 2012). This distribution is in accordance with the Funds current distribution policy of paying distributions on its shares totaling approximately 6 percent of its net asset value per year, payable in four quarterly installments of 1.5 percent. A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions in 2012 for tax reporting purposes, including the percentage of qualified dividend income, will be made after year-end.

The distribution will be paid in newly issued shares to all shareholders except those who are not participating in Liberty All-Star Growth Funds Dividend Reinvestment Plan and who elect to receive the distribution in cash. Shares will be issued at the lower of the August 31, 2012 net asset value per share or market value per share (but not less than 95% of market value). The market value of the Funds shares for this purpose will be the last sales price on the New York Stock Exchange.

ALPS Advisors, Inc. is the investment advisor of the Liberty All-Star Growth Fund, a multi-managed, closed-end investment company with more than $128 million in net assets. The Funds shares are listed on the New York Stock Exchange under the symbol ASG.

The Liberty All-Star Growth Fund is a closed-end fund and does not continuously offer shares. The Fund trades in the secondary market, investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the markets value.

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Liberty All-Star® Growth Fund, Inc. Declares Distribution

BOSTON--(BUSINESS WIRE)--

The Board of Trustees of Liberty All-Star Equity Fund (USA) has declared a distribution of $0.08 per share payable on September 17, 2012 to shareholders of record on August 3, 2012 (ex-dividend date of August 1, 2012). This distribution is in accordance with the Funds current distribution policy of paying distributions on its shares totaling approximately 6 percent of its net asset value per year, payable in four quarterly installments of 1.5 percent. A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions in 2012 for tax reporting purposes, including the percentage of qualified dividend income, will be made after year-end.

The distribution will be paid in newly issued shares to all shareholders except those who are not participating in Liberty All-Star Equity Funds Dividend Reinvestment Plan and who elect to receive the distribution in cash. Shares will be issued at the lower of the August 31, 2012 net asset value per share or market value per share (but not less than 95% of market value). The market value of the Funds shares for this purpose will be the last sales price on the New York Stock Exchange.

ALPS Advisors, Inc. is the investment advisor of the Liberty All-Star Equity Fund, a multi-managed, closed-end investment company with more than $928 million in net assets. The Funds shares are listed on the New York Stock Exchange under the symbol USA.

The Liberty All-Star Equity Fund is a closed-end fund and does not continuously offer shares. The Fund trades in the secondary market, investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the markets value.

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Liberty All-Star® Equity Fund Declares Distribution

By Anthony Bond

PUBLISHED: 07:10 EST, 22 July 2012 | UPDATED: 10:03 EST, 22 July 2012

A luxury department store has apologised for selling wooden toy versions of Soviet-era rocket launchers.

London store Liberty was forced to pull the 23.50 toy from is shelves following a number of complaints, with some describing it as 'vile' and 'tasteless'.

Available in baby pink, yellow or natural wood, the design appeared to be marketed at younger children.

Controversial: London store Liberty was forced to pull the 23.50 toy from its shelves following complaints, with some describing it as 'vile' and 'tasteless'

Concerns: The toy was available in the Regent Street shop, pictured, and online and was reduced last week to half-price

The toy was based on Katyusha rocket launchers which were first used in the Second World War by the Soviet Union.

Recently, they have been used by Hezbollah militants to fire rockets into Israel and during the Libyan conflict last year.

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Liberty store:' Wooden toy of Soviet-era rocket launcher taken off shelves following complaints

From morning to night, the Liberty University Online call center in Lynchburg buzzes as an army of about 220 workers fields queries from prospective students across the U.S. and overseas.

Housed in Green Hall on Libertys main campus, the call center rivals the size of a football field and is packed with gray cubicles. Its the nerve center for Libertys rapidly growing online program, and for countless students, its the first contact theyll have with the university.

Among Virginias brick-and-mortar institutions, Liberty has emerged as a pioneer in distance education.

Enrollment at Liberty University Online surpassed 82,000 students this year, bringing the universitys combined residential and online headcount to more than 100,000. The number of students taking online classes is nearly triple the enrollment of 27,500 just five years ago.

Many of LUs residential and online students also receive federal financial aid, like those at most colleges and universities. LU students received about $445 million in federal financial aid money for fiscal 2009-2010, for example, helping fuel the growth.

The online success has bolstered Libertys finances and powered a sharp revenue increase. Liberty reported a surplus of $203 million in 2010-11, according to the universitys most recently available IRS 990 tax form.

Chancellor Jerry Falwell Jr. said that surplus continues to rise.

Liberty is operating like a for-profit school but without some of the pitfalls, he said, pointing to LUs comparatively high graduation rates and low student loan default rates.

Thats sort of the secret as to why Libertys finances have done what theyve done.

A longtime proponent of distance education, Liberty revamped its online program in 2003 when it began emphasizing degree programs instead of individual courses, LU officials said.

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Liberty University online students nearly tripled in five years