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Category Archives: Liberty
The Caisse and the Québec Manufacturing Fund invest in Québec company Liberty Spring
Posted: February 22, 2012 at 5:27 am
Supporting international development and creating 30 jobs in the Québec City region
MONTREAL , Feb. 20, 2012 /CNW Telbec/ - The Caisse de dépôt et placement du Québec and the Québec Manufacturing Fund (QMF) announced an investment in Liberty Spring Inc., one of North America's largest manufacturers of high precision springs.
" Liberty Spring is one of the best kept secrets in the Québec City region: it's a well established company in Montmagny that operates plants in Mexico , China and Toronto and its products can be found worldwide. Now that's one fine example of a Québec company that was able to retain its technical expertise in Québec while ensuring its growth in the international arena," explained Normand Provost , Executive Vice-President, Private Equity and Chief Operations Officer at the Caisse. "We are pleased to support the growth of such a successful company."
A 20,000-square foot plant expansion and automation projects are slated to step up the company's production capacity and support increased sales. The investment by the Caisse and the QMF also enable the succession team to increase its share ownership in the company.
"The QMF's expertise will be harnessed to support the company in its growth projects and help position its new product lines globally," said Claude Couvrette, Partner at the Québec Manufacturing Fund. "We will also be mandated to support the succession team throughout the transition."
"Having the Caisse and the QMF as partners means benefitting both from an international network and expertise in corporate development, which will enable us to maximize Liberty Spring's growth potential—here and globally," explained Richard Guimont, President of Liberty Spring . These partners will also enable us to ensure the long-term development of our company, which manufactures and exports more than one million springs every week."
ABOUT LIBERTY SPRING INC.
Liberty Spring is a world class spring manufacturer specialized in the area of custom high precision springs and has been involved in the automotive, aerospace and recreational vehicle industries for 25 years. The company, whose head office is located in Montmagny, has distinguished itself internationally through innovation, extensive flexibility and the quality of its springs. In addition to its main Montmagny plant, Liberty Spring has three other manufacturing sites—in China , Mexico and Toronto . The company manufactures and exports more than a million springs every week and one out of every two vehicles in the world has a spring manufactured by Liberty Spring in it. http://www.libertyspring.com.
ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2010 , it held $151.7 billion in net assets. As one of Canada's leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information: http://www.lacaisse.com.
ABOUT THE QUÉBEC MANUFACTURING FUND
The $100-million Québec Manufacturing Fund L.P., sponsored by the Caisse de dépôt et placement du Québec, is an investment partnership that has a mandate to identify profitable Québec manufacturing companies that present attractive business opportunities and have the potential to quickly make significant improvements to their operations. The QMF combines the financial expertise of the Caisse de dépôt et placement du Québec with the corporate development expertise of experienced managers. The Fund assists entrepreneurs in Québec's manufacturing sector with their projects by providing financing and expertise for business development, operations management and financial management.www.fondsmanufacturier.com.
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Liberty Interactive Corporation to Present at the Morgan Stanley Technology, Media, and Telecom Conference
Posted: at 5:27 am
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
Liberty Interactive Corporation (Nasdaq: LINTA, LINTB) announced that Chris Shean, Senior Vice President and CFO of Liberty Interactive, will be presenting at the Morgan Stanley Technology, Media, and Telecom Conference on Tuesday, February 28th at 2:10 p.m., Pacific Time at the Palace Hotel in San Francisco, CA. During his presentation, Mr. Shean may make observations regarding the company's financial performance and outlook.
The presentation will be broadcast live via the Internet. All interested persons should visit the Liberty Interactive Corporation website at http://www.libertyinteractive.com/events to register for the webcast. An archive of the webcast will also be available on this website for 30 days.
About Liberty Interactive Corporation
Liberty Interactive (Nasdaq: LINTA, LINTB) owns interests in a broad range video and online commerce businesses including QVC, Provide Commerce, Backcountry.com, Celebrate Interactive, Bodybuilding.com, Evite, Expedia and TripAdvisor.
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Liberty Interactive Corporation to Present at the Morgan Stanley Technology, Media, and Telecom Conference
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Liberty Media Corporation to Present at the Morgan Stanley Technology, Media, and Telecom Conference
Posted: at 5:27 am
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
Liberty Media Corporation (Nasdaq: LMCA, LMCB) announced that Chris Shean, Senior Vice President and CFO of Liberty Media, will be presenting at the Morgan Stanley Technology, Media, and Telecom Conference on Tuesday, February 28th at 2:10 p.m., Pacific Time at the Palace Hotel in San Francisco, CA. During his presentation, Mr. Shean may make observations regarding the company's financial performance and outlook.
The presentation will be broadcast live via the Internet. All interested persons should visit the Liberty Media Corporation website at http://www.libertymedia.com/events to register for the webcast. An archive of the webcast will also be available on this website for 30 days.
About Liberty Media Corporation
Liberty Media (Nasdaq: LMCA, LMCB) owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its interests in Starz, LLC, SiriusXM, Live Nation Entertainment and Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom.
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Liberty Media Corporation to Present at the Deutsche Bank 2012 Media & Telecom Conference
Posted: at 5:27 am
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
Liberty Media Corporation (Nasdaq: LMCA, LMCB) announced that Greg Maffei, President and CEO of Liberty Media, will be presenting at the Deutsche Bank 2012 Media & Telecom Conference on Monday, February 27th at 6:15 p.m., Eastern Time at The Breakers Hotel in Palm Beach, FL. During his presentation, Mr. Maffei may make observations regarding the company's financial performance and outlook.
The presentation will be broadcast live via the Internet. All interested persons should visit the Liberty Media Corporation website at http://www.libertymedia.com/events to register for the webcast. An archive of the webcast will also be available on this website for 30 days.
About Liberty Media Corporation
Liberty Media (Nasdaq: LMCA, LMCB) owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its interests in Starz, LLC, SiriusXM, Live Nation Entertainment and Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom.
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Liberty Mutual Insurance Schedules Fourth Quarter and Full Year 2011 Earnings Conference Call
Posted: at 5:27 am
BOSTON--(BUSINESS WIRE)--
Liberty Mutual Insurance (the “Company”) is scheduled to review its fourth quarter and full year 2011 financial results on March 6, 2012. At 11:00 a.m. EST that day, David Long, Liberty Mutual Insurance President and CEO, will host a conference call to discuss the Company’s financial results.
The earnings release, financial results and other supplemental information will be available on this website http://www.libertymutual.com/investors prior to the call.
To listen to the call and participate in the Q&A, please dial 800-857-2190, providing the pass code “Liberty” when prompted. A replay will be available until 5:00 p.m. on March 16, 2012 at 866-413-9173.
For further information, please contact Jonathon Jay Grayson, Vice President and Director, Investor Relations, at 617-574-5656 or email investor_relations@libertymutual.com.
About the Company
Boston-based Liberty Mutual Holding Company Inc., the parent corporation of the Liberty Mutual Insurance group of entities, is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on A.M. Best Company's report of 2010 net written premium.
Liberty Mutual Insurance also ranks 82nd on the Fortune 100 list of largest corporations in the U.S. based on 2010 revenue. As of December 31, 2010, Liberty Mutual Insurance had $112.4 billion in consolidated assets, $95.4 billion in consolidated liabilities, and $33.2 billion in annual consolidated revenue.
Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance employs over 45,000 people in more than 900 offices throughout the world. For a full description of the Company’s business operations, products and distribution channels, please visit Liberty Mutual Insurance’s Investor Relations web site at http://www.libertymutual.com/investors.
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Fire, Liberty post wins in Millburn Township girls basketball playoffs
Posted: February 20, 2012 at 6:23 pm
Chloe Zegas scored eight points Feb. 16, pacing the third-seeded Fire to a 10-4 defeat of the sixth-seeded Monarchs in the quarterfinals of the Millburn Department of Recreation and Parks' fourth grade girls basketball playoffs at Deerfield School in Short Hills.
In the evening's other quarterfinal, Taylor Nemet dropped in eight points, propelling the fourth-seeded Liberty to a 10-4 defeat of the fifth-seeded Blizzard.
The Liberty held an 8-0 lead after the first quarter.
Elizabeth Parlavecchio scored four points in a losing effort.
The semifinals are scheduled for Saturday, March 3, at Hartshorn School in Short Hills.
The top-seeded Mercury will oppose the Liberty in the first semifinal at 9 a.m.
The second-seeded Comets and the Fire meet in the second semifinal at 10 a.m.
The championship game is scheduled for Monday, March 5, 6 p.m. at Millburn Middle School.
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Liberty Tunnels to build on the past
Posted: at 6:23 pm
A rendering of what the facades of the Liberty Tunnels will look like after a renovation project. Details have not yet been finalized, and the project's completion is scheduled for November 2013.
A continuing renovation project at the Liberty Tunnels will give its entry facades a new look that is actually quite old.
The fourth phase of work, scheduled to begin next year, will restore the facades to an appearance very similar to what graced the entrances when the tunnels opened in 1924.
"We're trying to replicate some of the original detailing," said Joseph DiFiore, area manager for Parsons Brinckerhoff, which is designing the project for the Pennsylvania Department of Transportation.
The original facings were concrete with "Liberty Tunnels" engraved on a beam above the portals. In the early 1970s, they were covered with skins made of COR-TEN steel, which develops a rust-colored patina, and brick walls. The steel skins were removed years ago so engineers could evaluate the condition of the concrete behind them.
The first phase of renovations in the 1.1-mile tunnels began in April 2008. PennDOT has invested about $23 million in the tunnels during the first three phases.
Much of the next phase, estimated to cost as much as $24 million, will involve removal and repair of deteriorated concrete, Mr. DiFiore said. When the steel skin was stripped away, about 2 feet of the 4-foot-thick concrete wall behind it was in poor shape, he said.
The project also calls for repairs to a 6-inch-thick curved concrete wall that creates a ventilation duct inside the tunnels, moving air to and from four ventilation shafts that rise 200 feet above the tunnels, connecting to a fan house in Mount Washington. The Liberty Tunnels are believed to be the first artificially ventilated highway tunnels in the U.S., he said.
The tunnel's 11 cross passages, spaced about 500 apart and designed to allow people to escape on foot from one tunnel to the other in an emergency, will be repaired, with new fire doors and new lighting.
The plans were displayed at an open house at Elizabeth Seton Center in Brookline last week.
Cheryl Moon-Sirianni, PennDOT assistant district executive for design, said traffic restrictions will occur mostly at night and on weekends, with some full weekend closures possible. Details have not been finalized. Completion is scheduled for November 2013.
After that, one phase of work remains. It will center on the fan house and is expected to have minimal traffic impact.
Jon Schmitz: jschmitz@post-gazette.com or 412-263-1868. Visit the PG's transportation blog, The Roundabout, at http://www.post-gazette.com/roundabout. Twitter: @pgtraffic.
First published on February 20, 2012 at 12:00 am
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Liberty wrestlers extend winning streak
Posted: February 17, 2012 at 10:03 pm
The Liberty wrestling team extended their winning streak by defeating Russell and Larned in Larned on Thursday, Feb. 16. Traditional dual format was used where teams wrestle head to head by weight. In the opening dual with Russell, Liberty won the first four matches, three by fall and one by major decision giving Pratt a 22-0 lead right out of the gate.
Pratt would go on to win 10 of 14 matches, beating Russell 56-24. Dylan Pelland and Dylan Lowe each won their match by a margin of 10 points, scoring a major decision for the team.
Devon Evert, Brandon Guerra, Bryan Balderrama, Devon Koehler, Standard Brown and Brady Ransom all won by fall.
Dalton Prosser and Hunter Doyle each received a forfeit. Jacob Kurz, Bryce Stegman, Christian Masters and Logan Baird lost by fall to tough opponents.
In the final dual of the night, Pratt matched up with Larned in only eight weights. Pratt won five out of the eight matches but accumulated an additional 36 points due to forfeits.
Dylan Pelland, Devon Evert, Dylan Lowe, Standard Brown, Hunter Doyle and Brady Ransom each received a forfeit.
Brandon Guerra and Bryan Balderrama each won by decision avenging previous losses to their Larned opponents.
Dalton Prosser, Christian Masters and Devon Koehler won their matches by fall.
Pratt won the dual by a final score of 60-18.
Hunter Kaufman, Dalton Prosser and Hunter Doyle each won exhibition matches. Hunter Kaufman won an overtime thriller by a score of 10-8, Dalton defeated his Russell opponent 17-12 in a very competitive match-up and Hunter Doyle won by fall. Brandon Kelling, Drew Roadhouse, Dawson Cox, Camden Sweet and Sean Noel also wrestled exhibition matches and competed well.
“It was a solid team performance,” Coach Bryan Pixler said. “I’m seeing a lot of improvement in our athletes especially our beginners but we still have some areas that need work.”
Liberty travels back to Larned on Tuesday to wrestle in a quad with Larned, Lakin and Harper beginning at 4 p.m.
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Conditions of Growth, Economic Analysis – Research Report on Liberty Interactive Corp and Citrix Systems, Inc.
Posted: at 10:03 pm
HONG KONG--(Marketwire -02/17/12)- Today, http://www.EquityLeader.com introduced research coverage of Liberty Interactive Corp (NASDAQ: LINTA - News) and Citrix Systems, Inc. (NASDAQ: CTXS - News). Full research reports are available to readers at: http://www.EquityLeader.com/index.php?sm1=LINTA&sm2=CTXS.
Economic fundamentals leading into 2012 have set a generally positive pace with GDP growth likely to pick up through the coming year. However, there are several important caveats to note as the world economy continues to face headwinds and risks weigh to the downside. Positive outlooks are conditional on fiscal policy in payroll taxes and unemployment insurance benefits and upon the easing of the European debt situation. A repeat of volatility experience in 2011 is likely in 2012, as perceptions about the strength of the U.S. economy and the euro zone will vary over time as events unfold.
Despite the current situation, our team continues to identify high momentum situations with growth potential -- there remains strong opportunity within careful discretion.
Equity Leader has decided to cover Liberty Interactive Corp for its current position within the services industry. Liberty Interactive Corporation, formerly Liberty Media Corporation, is a holding company, and through its subsidiaries, is engaged in the video and online commerce, media, communications and entertainment industries. The Company operates in three reportable segments: Leisure, the TripAdvisor Media Network and Egencia. A copy of this report detailing Liberty Interactive Corp (NASDAQ: LINTA - News) is available at: http://www.EquityLeader.com/index.php?sm1=LINTA.
Equity Leader is also taking note of Citrix Systems, Inc. for its changing role within the technology industry. Citrix Systems, Inc. designs, develops and markets technology solutions that enable information technology (IT) services to be securely delivered on demand independent of location, device or network. To download free research on Citrix Systems, Inc. (NASDAQ: CTXS - News) investors may visit: http://www.EquityLeader.com/index.php?sm2=CTXS.
About Equity Leader
Whether you are a first time investor or seasoned market professional, Equity Leader provides the resources necessary to simplify your research process. Our focus has always been to empower investors with the information they need to make their own investment decisions.
Contact:
Michael Westbrook
contact_us@EquityLeader.com
http://www.EquityLeader.com
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Liberty Test Equipment Features Giga-Tronics Microwave Test and Measurement Equipment at …
Posted: at 10:03 pm
Giga-tronics, Inc.
4650 Norris Canyon Rd.
San Ramon, CA, 94583
USA
Press release date: February 1, 2012
SAN RAMON, Calif. - Giga-tronics (NASDAQ:GIGA) announced that Liberty Test Equipment featured a suite of Giga-tronics' high-performance RF and Microwave Test and Measurement equipment at the DesignCon conference in Santa Clara, CA. on January 31 thru February 1, 2012.
Liberty Test Equipment, a leader in electronic test equipment asset management provides rental and distribution of Giga-tronics RF and microwave test solutions including fast-switching microwave signal generators, microwave power amplifiers, and high-accuracy power meters and sensors.
"Liberty Test Equipment is proud to feature products from Giga-tronics. We believe that our customers benefit from their state-of-the-art product line and Giga-tronics' clientele will benefit from our flexible rental solutions" said Pam Baker, VP of Sales at Liberty Test Equipment.
"Giga-tronics appreciated the exhibition of our products at an important Silicon Valley Tradeshow and conference. Giga-tronics test and measurement equipment was in good company among the several test and measurement companies exhibiting at the show" said Leonard Dickstein, Marketing Manager at Giga-tronics.
About Liberty Test equipment:
Liberty Test Equipment is a quality source for buying, renting and leasing new and refurbished electronic test equipment. Liberty Test Equipment's 100% customer satisfaction guarantee and commitment to product selection, competitive prices and dedicated customer service distinguishes their business from others. With more than 5,000 products available, Liberty Test Equipment offers test equipment for a variety of applications. They carry oscilloscopes, spectrum and network analyzers, signal generators, power meters, frequency counters, power supplies, equipment racks and wireless and optical test equipment. Liberty Test Equipment was founded in 2002 and is located in Rocklin, California.
Additional information about Liberty Test Equipment is available at http://www.libertytest.com or 877-417-7413.
About Giga-tronics:
Founded in 1980, Giga-tronics Incorporated (Nasdaq "GIGA"), headquartered in San Ramon, California, is a leading engineering-and-design manufacturer of best-in-class RF and microwave signal generator, microwave power amplifier, USB power sensors, microwave power meters and broadband switching matrices. R&D, production and calibration managers, scientists, engineers and technicians, around the world, use Giga-tronics test equipment and achieve lower cost, higher productivity and greater ease of use in many applications: ATE systems, aerospace & defense, wireless communications and microwave component test. URL: http://www.gigatronics.com
Contact:
Daisy Kwok
MARCOM Manager
Giga-tronics Incorporated
4650 Norris Canyon Road,
San Ramon, CA 94583
Email: dkwok@gigatronics.com
Phone: 925-328-4650 x 4691
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