Category Archives: Liberty

USS LIberty - Gunfire and rocket damage to her hull side and superstructure, inflicted when she was attacked by Israeli forces off the Sinai Peninsula on 8 June 1967.Photographed after she arrived at Valletta, Malta, for repairs. Photo is dated June 16.

CEDAR RAPIDS Ed Flaherty wasnt aboard the USS Liberty when torpedoes ripped through its metal body on June 8, 1967.

The Iowa City resident wasnt among the 34 men who died when Israeli forces attacked the Navy technical research ship, nor was he one of the more than 170 injured in the incident.

But Flaherty, the president of Chapter 161 of Veterans for Peace, will be among those who gather today to commemorate the 45th anniversary of the tragedy.

Israeli and U.S. officials have said the attack was accidental, but others argue that its been the subject of a 45-year government cover-up.

Chronology

The USS Liberty was carrying nearly 300 people as it patrolled international waters in the Mediterranean Sea near the Sinai Peninsula during the Six-Day War, which pitted U.S. ally Israel against several neighboring Arab nations.

Israeli planes targeted the slow-moving Liberty shortly after 2 p.m., using weapons including rockets and machine-gun fire. Several boats then launched torpedoes at the ship before pounding it with cannon and machine-gun fire.

The Liberty was eventually able to send a distress call, and the attack ended once the USS Saratoga and the USS America were dispatched to help.

Joe Carpenter, a Waterloo resident and USS Liberty survivor, told the Courier newspaper that the attack was pretty chaotic, to be sure. He and a friend had just left an area of the ship that was struck by one torpedo, which ended up being responsible for most of the deaths.

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Questions remain on USS Liberty anniversary

MINNEAPOLIS, June 7, 2012 /PRNewswire/ --Liberty Diversified International (LDI) has promoted Dan Zdon to President and Chief Operating Officer. Globally, LDI manufactures and markets products in several industries, including paper and packaging, office products, healthcare, building products and precision machining.

Zdon had been Executive Vice President and Chief Operating Officer since 2009 and assumes the President title previously held by LDI's Chairman and Chief Executive Officer, Mike Fiterman.

"Naming Dan Zdon President acknowledges his role in our family-owned company as a leader, a strategist and a valued executive," Fiterman said.

Zdon now has daily operating responsibility for each of LDI's businesses, and will also have management responsibility for the corporate "shared services" unit which provides legal, accounting, IT, human resources and other support to all business units. He has been an LDI employee since 2000 and spent the early part of his LDI career in the Safco Products unit, which markets a broad line of products to enhance office environments, including furniture and workplace organization products.

"Our businesses will continue to thrive with Dan in this expanded position," Fiterman said. "He's admired by all of LDI's key stakeholders customers, employees, shareholders, suppliers and leaders in the communities in which we operate," he said.

About LDI

Headquartered in New Hope, Minn., LDI is a privately-held family of companies with nearly 1,600 employees operating in the paper and packaging, office products, healthcare, building products and precision machining markets. With roots in the corrugated fiberboard business, the company was founded in 1918. To learn more, visit http://www.libertydiversified.com.

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Liberty Diversified International Promotes Zdon to President, COO

Home Business Automotive Loading

Published: 6/7/2012 - Updated: 3 hours ago

BY TYREL LINKHORN BLADE BUSINESS WRITER

Jeep will stop building the Liberty sport utility vehicle on Aug. 16, a move that will eliminate some jobs at local suppliers that did not get contracts for the incoming model. However, other suppliers stand to add workers when Jeep begins producing the next-generation replacement in 2013.

Dana Holding Corp. and Faurecia Inc. will each cut about 40 jobs that support the Toledo-built Liberty, The Blade has learned.

Chuck Hartlage, a spokesman for Dana, confirmed the Mamuee-based parts supplier will close a small axle assembly plant at 315 Matzinger Rd. Mr. Hartlage said the plant's 37 employees have been notified the plant will be shuttered Aug. 16.

Union officials affirmed that Aug. 16 is Chrysler Group LLC's shut-down date for the Liberty line.

Dana opened the Matzinger Road plant in 2006 specifically to supply the Liberty and the now-defunct Dodge Nitro. But as Chrysler prepares to bring an all-new model to the Toledo Assembly complex, that work no longer will be there.

"Every time a program or a vehicle is updated, you may continue to supply the parts or they may source it elsewhere," Mr. Hartlage said. "We're not going to be supplying the next generation on that specific part. We still have a lot of business on Jeep vehicles."

Bruce Baumhower, president of UAW Local 12, said Chrysler is bringing axle assembly work back in-house.

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Liberty production to end Aug. 16

Referenced Stocks: DRE, LRY

Liberty Property Limited Partnership, a subsidiary of Liberty Property Trust ( LRY ) - a real estate investment trust (REIT), has recently priced an offering of $400 million aggregate principal amount of 4.125% senior unsecured notes due June 15, 2022.

The 4.125% senior unsecured notes offering was priced to yield 4.149% with the offering expected to close on June 11, 2012.

The proceeds from the debt offering will be used to repay debt outstanding under the company's unsecured credit facility and for other general corporate purposes

Liberty Property reported first quarter 2012 FFO (fund from operations) of 68 cents per share compared with 65 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.

During the first quarter 2012, Liberty Property redeemed $32.5 million of its outstanding 6.65% Series F Cumulative Redeemable Preferred Units for $26.0 million and redeemed the entire $95.0 million of 7.45% Series B Cumulative Redeemable Preferred Units at par. At the end of first quarter 2012, the company had $27.6 million of cash and cash equivalents.

Based in Pennsylvania, Liberty Property provides leasing, property management, development, construction management, design management, and related services for a portfolio of industrial and office properties. The company focuses primarily on prime suburban properties in the Southeast, Mid-Atlantic, and Midwest.

The company possesses a conservative balance sheet and offers a steady dividend payout to the shareholders which augur well for the long-term growth of the company.

We currently have a Neutral recommendation on Liberty Property, which presently has a Zacks #3 Rank that translates into a short-term Hold rating. One of its competitors, Duke Realty Corp . ( DRE ) currently retains a Zacks #3 Rank.

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 Offers Unsecured Notes - Analyst Blog

LYNCHBURG, Va., June 7, 2012 (GLOBE NEWSWIRE) -- StraighterLine (www.straighterline.com) announced today that Liberty University Online (www.LUOnline.com) has joined their rapidly expanding network of partnering colleges, welcoming StraighterLine students to transfer credits for enrollment in one of Liberty's online degree programs.

StraighterLine provides a unique path for students to get the basic credits they need at an affordable rate. Through StraighterLine's unique structure and affordable pricing plan, students can complete freshman and introductory-level classes while saving thousands on their college degree.

As a StraighterLine partner institution, Liberty Online is able to offer flexible, affordable, accredited online degree programs, in over 100 programs of study, to StraighterLine students continuing to pursue their educational goals.

Liberty Online is coming alongside StraighterLine and those students seeking to fulfill their basic course requirements in this manner to help them continue to experience the flexibility and affordability they are seeking. With eight-week sub-terms continually offered throughout the year, Liberty's online program affords students the flexibility to complete course work when and where best suited to their needs, while accelerating their degree completion.

Through this partnership, Liberty Online is offering transfer credit to those students who have successfully completed StraighterLine's online college courses. With a wide assortment of course options, StraighterLine currently offers thirty-eight entry-level college courses online including English, math, humanities, business, college prep, and science. StraighterLine courses are evaluated and recommended by the American Council on Education's College Credit Recommendation Service (ACE CREDIT), ensuring a smooth transition to students wanting to take their education to the next level.

About Liberty University

Liberty University, located in Lynchburg, Va., is the world's largest Christian university. Offering courses on its 6,800-acre, residential campus and in online format, Liberty is home to nearly 100,000 students.

Liberty Online strives to meet the needs of students on all fronts. Liberty offers more than 100 fully-accredited online programs of study, from the associate to doctoral level, and embraces the opportunity to assist individuals in advancing their education.

Since 1971, the mission of Liberty University has been to develop Christ-centered men and women with the values, knowledge, and skills essential to impact tomorrow's world. With a unique heritage and an expanding future of influence, Liberty continues steadfast in its mission of Training Champions for Christ.

As part of the world's largest, non-profit, Christian university, Liberty Online is known for its high student satisfaction and retention rates. Liberty Online continues to focus on student success by providing exceptional resources, including an online library, Online Writing Center, a partnership with Tutor.com, Liberty Online Ministries, and knowledgeable Academic Advisors.

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Liberty University Online Forms Partnership With StraighterLine to Provide Flexible, Affordable Higher Education

- Liberty on track to start production at Hart in Q1 2014 -

TSX: LBE

TORONTO , June 7, 2012 /CNW/ - Liberty Mines Inc. ("Liberty" or the "Company") announced today that an important planning phase necessary for launching production at its Hart Mine has been approved and filed by the Ontario Ministry of Northern Development and Mines. The plan, which is a necessary requirement for mines operating in Ontario, provides details and financial assurance on the rehabilitation measures that Liberty will take during operations and after the life of the Hart Mine has been exhausted.

"With approval of the Hart Mine Closure Plan in place, we are one important step closer to launching production at our Hart Mine, which we expect in early 2014," said Chris Stewart , President and CEO of Liberty Mines. "Over the coming months, we will continue on our deep drilling program at Hart and advance towards completion of a feasibility study by year end."

The Hart Mine, which is located approximately 30 kilometres from Timmins, Ontario, is a nickel deposit currently consisting of 1.55 million tons of indicated resource with a grade of 1.40% nickel. Liberty expects production at Hart to start in Q1/2014 with an initial production of 250 tons per day, eventually ramping up to 750 tons per day.

All ore produced at the Hart Mine will feed Liberty's Redstone mill which has a design capacity of 2,000 tonnes per day and is currently permitted to operate at 1,500 tonnes per day. The Redstone mill is the only nickel mill and concentrator in the Shaw Dome Nickel region, and it is located approximately 6 kilometers away from the Hart Mine.

In January 2012 , Liberty announced that it restructured its net smelter royalty on the Hart Mine, reducing the amount to one percent (1.0%) through a lump sum payment of $1 million to Canadian Arrow Mines.

About Liberty Mines Inc. Liberty Mines Inc. is a mid-tier producer of nickel and is focused on the exploration, development and production of nickel, copper, cobalt and platinum group metals from its properties in Ontario, Canada . It owns and operates the only nickel concentrator in the Shaw Dome, a prospective nickel belt region near Timmins, Ontario. With a new management team in place, Liberty is focused on growth initiatives not only through a more aggressive exploration program on its current properties but also through potential acquisition or partnership opportunities beyond its core Timmins area projects.

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Liberty Mines Receives Government Approval of the Hart Mine Closure Plan

MALVERN, Pa., June 6, 2012 /PRNewswire/ --Liberty Property Trust (LRY), announced today that its limited partnership subsidiary, Liberty Property Limited Partnership, has priced $400 million aggregate principal amount of 4.125% senior unsecured notes due June 15, 2022. The 4.125% notes were priced to yield 4.149%. The offering is expected to close on June 11, 2012, subject to customary closing conditions.

The proceeds will be used to repay indebtedness outstanding under the Company's unsecured credit facility and for general corporate purposes.

This offering is being made pursuant to a prospectus supplement to the Company's base prospectus included in an automatic shelf registration statement initially filed with the Securities and Exchange Commission on May 5, 2011.

The offering may be made only by means of a prospectus supplement and accompanying prospectus. A copy of the prospectus supplement and prospectus relating to these securities may be obtained, when available, by contacting Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, toll free at (800) 831-9146 or at batprospectusdept@citi.com; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: High Grade Syndicate Desk, 3rd floor, telephone collect at (212) 834-4533, or UBS Securities LLC, Attn: Prospectus Specialist, 299 Park Avenue, New York, NY 10071 or by telephone at 877-827-6444, ext. 561 3884.

This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities, blue sky or other laws of any such state or other jurisdiction.

Liberty Property Trust (LRY) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 77 million square foot portfolio includes 650 properties providing office, distribution and light manufacturing facilities to 1,700 tenants.

The statements contained in this press release may include forward-looking statements within the meaning of the federal securities law. Although Liberty believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. As forward-looking statements, these statements involve risks, uncertainties and other factors that could cause actual results to differ materially from the expected results. These factors include, without limitation, the uncertainties affecting real estate businesses generally (such as entry into new leases, renewals of leases and dependence on tenants' business operations), risks relating to our ability to maintain and increase property occupancy and rental rates, the financial condition of tenants, the uncertainties of real estate development and construction activity, the costs and availability of financing, the effects of local economic and market conditions, regulatory changes, potential liability relative to environmental matters and other risks and uncertainties detailed in the company's filings with the Securities and Exchange Commission. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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Liberty Property Trust Prices $400 Million Of 4.125% Senior Notes Due 2022

UpdatedJun 5, 2012 10:22 PM ET

After the New York Liberty lost their first five games of the season, All-Star guard Cappie Pondexter found herself in totally unfamiliar territory.

''Being 0-5, I never experienced that before anywhere in any part of my career,'' Pondexter said. ''It was awful. I knew we had to turn things around.''

Pondexter scored 26 points to lead the Liberty to their second straight win, a 79-74 victory over the Atlanta Dream on Tuesday night.

Pondexter took it upon herself to carry the Liberty to the victory, making clutch shots in the fourth quarter. Her driving goal with 8:29 left gave the Liberty the lead for good and her three-point play with 4:36 left pushed the lead to 70-66.

''We had to refocus the last couple of days after we lost five in a row,'' said Pondexter, who had nine points in the final period. ''It was just a case of me being aggressive. The important thing for us is to focus on what we need to do to win.''

Leilani Mitchell added 18 points in the victory.

''Of course, we knew we were a better team than 0-5,'' Mitchell said. ''But it's a long season and the league is so good. Any game could go either way. It was very frustrating to lose those five games, but we had to remain positive.''

Atlanta dropped to 2-4 after losing its second straight contest

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Liberty 79, Dream 74

NEW YORK, NY--(Marketwire -06/06/12)- American Liberty Petroleum, Corp. (OREO) has recently announced a progress update to their Nevada based wells and has released that they have completed their second sale of crude to Foreland's Eagle Springs Refinery.

In its report on American Liberty Petroleum, Grass Roots Research noted that the U.S. demand for energy is forecast to grow 20% from 2009 to 2035. The main driving force for oil will be ever increasing demand for energy. Grass Roots believes that oil will remain a dominant fuel in the future as growing demand for energy is not likely to be fulfilled by alternative sources. Additionally, geopolitical tensions make oil imports from Middle East erratic. According to Grass Roots, this calls for substantial oil and gas investment domestically. OREO is one U.S. oil company that is looking to explore oil and gas domestically. Grass Roots also notes that OREO's two attractive oil prospects, which are situated in Western Nevada, are estimated to have a total reserve of approximately 4.6 billion barrels. (http://bit.ly/MeodIp)

Other active stocks are Isramco, Inc (ISRL), Hercules Offshore, Inc. (HERO) and Gulfport Energy (GPOR)

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid IO News Wire twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.

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American Liberty (OTCBB: OREO) Issues Progress Report on Nevada Wells

NEWARK, N.J. (AP) Cappie Pondexter scored 26 points and Leilani Mitchell added 18 to help the New York Liberty to a 79-74 victory over the Atlanta Dream on Tuesday night.

The victory was the second straight for the Liberty (2-5), who started off the WNBA season with five straight losses. Atlanta dropped to 2-4 after losing its second straight contest.

The Liberty took control of the game in the second part of the fourth quarter with Pondexter, who scored nine in the final quarter, making clutch shots throughout. Her driving goal with 8:29 left gave the Liberty the lead for good and her three-point play with 4:36 left pushed the lead to 70-66.

Angel McCoughtry had 21 points and 14 rebounds to pace Atlanta, while Aneika Henry had 14 and Sancho Lyttle 12 points for the Dream.

New York held Atlanta to just six points over the final 4:53 to secure the win.

The two teams traded leads over the first three quarter. Atlanta led 62-61 heading into the final period.

Pondexter hit a jumper in the lane after putting on a dribbling exhibition to give the Liberty a 63-62 advantage with 8:29 remaining and Mitchell made a long 3-pointer to push the lead to 66-62 with 5:56 left.

The Liberty lost their first five games before beating Indiana at home on Sunday to end the longest winless streak to start the season in franchise history.

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Pondexter leads Liberty over Dream