West Liberty Street Highway Construction
Construction has begun on an artery to connect this quiet cul-de-sac neighborhood of West Liberty Street with major state highways. Soon the pedestrian bridge will be demolished.
By: Lynn Kreiser Miller
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LONDON John Malones Liberty Global struck a deal on Tuesday to buy British cable group Virgin Media for about $15.75bn in stock and cash, a move that would put the US billionaire up against old rival Rupert Murdoch.
The companies announced the deal in a statement late on Tuesday, after Virgin Media, the second-biggest pay-TV provider in Britain behind Murdochs satellite group BSkyB, confirmed Libertys approach earlier in the day.
Including debt, the deal would be worth more than $23bn and would give Liberty entry to one of Europes biggest and most competitive telecom markets, allowing it to apply lessons learned as a pay-TV and broadband provider in 11 other European countries.
It would also put Mr Malones Liberty in a strong position to challenge Mr Murdoch as cable groups across the region start to assert their authority over traditional telecoms firms with the offer of super-fast broadband and pay-television.
Liberty will pay about $47.02 for each Virgin Media share based on Tuesdays closing prices, using cash and shares of its class A and C stock. Before news of the bid emerged in a Financial Times report on Monday, the bid represented a 24% premium to where Virgins shares had been trading.
Mr Malone, whose group has 19.6-million customers, came up against Murdoch a decade ago when Murdochs News Corp. and Liberty Media vied for control of DirecTV Group, the largest US satellite TV broadcaster.
The stand-off ended when both sides backed down. News Corp. sold its one-third stake in DirecTV to Malones group and Malone sold 16% of News Corp that Liberty had acquired, giving the Murdochs fuller control over their company.
Dubbed everything from the Cable Guy to Cable Cowboy and even Darth Vader by former US vice-president Al Gore because of his perceived ruthless style, Mr Malone made his fortune through a series of deals that transformed, and ultimately consolidated, the US cable industry into one dominated by a few big players.
Mr Murdochs BSkyB leads the British pay-TV market with 10.7-million customers compared to Virgin Medias 4.9-million.
Virgin Media emerged two years ago from years of heavy losses from a costly network expansion. But its cables still only cover half of Britain and analysts see potential for more growth.
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Liberty Property Trust ( LRY ) - a hybrid real estate investment trust (REIT) - reported fourth quarter 2012 FFO (funds from operations) of 63 cents per share, in line with the Zacks Consensus Estimate as well as the prior-year quarter. The result was attributable to the strong acquisitions and development activities, slightly impacted by uncertain economic conditions.
For full year 2012, Liberty Property reported FFO of $2.58 per share, well ahead of the Zacks Consensus Estimate of $2.52. Yet, it was slightly below the prior-year FFO of $2.61 per share.
Total revenue during the reported quarter came in at $176.2 million, up 4.4% from the prior-year period. Also, it came well ahead of the Zacks Consensus Estimate of $174 million. For the full year, total revenue increased 3.4% year over year to $685.6 million, but marginally missed the Zacks Consensus Estimate of $686 million.
Inside the Headlines Numbers
At the end of the quarter, the occupancy at in-service portfolio of Liberty Property - spanning 81.3 million square feet - increased 30 bps (basis point) to 92.1% from 91.8% in the previous quarter. The company witnessed strong leasing activities in the quarter with about 4.9 million square feet of leased space. In the full year, the company leased total 18.5 million square feet of space.
Operating income from same-store properties slipped 0.2% on a cash basis and 0.3% on a straight-line basis from the year-ago quarter. For 2012, it dipped by 0.3% on a cash basis and by 0.8% on a straight-line basis compared with 2011.
Portfolio Restructuring Activity
Liberty Property witnessed continuous demand for premium quality industrial space from large corporate users and build-to-suit opportunities for both industrial and office users. During the reported quarter, the company acquired 22 industrial buildings for $176.3 million. The properties, spanning total 3.5 million square feet of leasable space, were 92.5% occupied.
Also, the company divested two properties, spanning 257,000 square feet of leasable space (61.9% leased at the time of the sale), for $17.7 million.
During the same period, Liberty Property brought 5 development properties worth $44.1 million into operation. The properties, spanning 290,000 square feet of leasable space, were 77.0% occupied and 97.7% leased as of Dec 31, 2012. The properties, generating current yield of 8.5%, is projected to generate stabilized yield of 10.5%.
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FORTUNE -- Liberty Global (LBTYA)today agreed to acquire UK- based cable company Virgin Media (VMED) for $23.3 billion, a move that signals the market is willing to support big, high-price deals and also creates one of the world's largest broadband communications companies.
Liberty's announcement about the acquisition was released just hours after computer maker Dell Inc. (DELL) said it was being taken private by a consortium that includes private equity firm Silver Lake, Microsoft (MSFT), and the company's founder Michael Dell.
Combined, the two deals should boost Wall Street confidence in the strength of the financial markets and the economy.
By buying Virgin Media, Liberty which owns media properties across Europe will become a major player in Europe's telecommunications, broadband and television markets, covering 47 million homes and serving 25 million customers across 14 countries.
As part of the deal, Liberty would would become domiciled in the UK by becoming a subsidiary of a new holding company. It currently is incorporated in Delaware, although its corporate headquarters are in Englewood, Colorado.
"Virgin Media will add significant scale and a first-class management team in Europe's largest and most dynamic media and communications market," Mike Fries, President and CEO of Liberty Global, said in a statement. After the deal, roughly 80% of Liberty Global's revenue will come from just five countries: UK, Germany, Belgium, Switzerland and the Netherlands.
Liberty executives said the deal will allow the company to do more share buybacks, with an initial target of approximately $3.5 billion over a two-year period after it acquires Virgin Media.
As the Financial Times reports, the deal also creates a strong competitor to Rupert Murdoch's News Corp. (NWS), which owns the largest cable company in the UK, BSkyB.
A dealmaker's coming out
The Liberty-Virgin acquisition also marks a major step forward for Aryeh Bourkoff, the former head of head of investment banking for the Americas at UBS (UBS). Bourkoff's boutique advisory firm LionTree Advisors acted as lead financial advisor to Liberty Global on this massive deal.
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ENGLEWOOD, Colo.--(BUSINESS WIRE)--
Liberty Global, Inc. (Liberty Global, LGI, or the Company) (NASDAQ: LBTYA, LBTYB and LBTYK), today announces its preliminary unaudited consolidated financial and operating results for the year and three months (Q4) ended December 31, 2012. We expect to publish our final consolidated results for 2012 on February 13, 2013 after market close and conduct our 2012 earnings call on February 14, 2013. In addition, Liberty Global announced today that it had signed an agreement to acquire Virgin Media. The details regarding this acquisition are described in a separate press release issued today by Liberty Global and Virgin Media.
Highlights for the full year and Q4 compared to the same period for 2011 (unless noted), include:1
Key Subscriber Statistics7
Telephony8
Homes Passed
Summary of Debt, Capital Lease Obligations and Cash and Cash Equivalents
The following table9 details the U.S. dollar equivalent balances of our third-party consolidated debt, capital lease obligations and cash and cash equivalents at December 31, 2012:
Debt10
VTR Group11
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ENGLEWOOD, Colo.--(BUSINESS WIRE)--
Liberty Global, Inc. (Liberty Global) (NASDAQ: LBTYA, LBTYB and LBTYK) and Virgin Media Inc. (Virgin Media) (NASDAQ: VMED; LSE: VMED) today announced that they have entered into an agreement, subject to shareholder approvals, pursuant to which Liberty Global will acquire Virgin Media in a stock and cash merger valued at approximately $23.3 billion.
Under the terms of the agreement, Virgin Media shareholders will receive $17.50 in cash, 0.2582 Liberty Global Series A shares and 0.1928 Liberty Global Series C shares for each Virgin Media share that they hold. Based on Liberty Globals Series A share price of $69.46 and Series C share price of $64.50 as of February 4, 2013, this implies a price of $47.87 per Virgin Media share, reflecting a 24% premium to Virgin Medias closing price on February 4, 2013.1
A Powerful Combination
Creation of the worlds leading broadband communications company, covering 47 million homes and serving 25 million customers across 14 countries. The combined company will be focused on the strongest and most strategic markets in Europe, with the scale to be at the forefront of technological change for customers.
Complementary strengths across product suite, with aligned triple-play products, roadmap and expertise across digital TV, broadband and telephony services. Mobility and B2B expertise offer significant additional growth potential in key markets.
Significant potential to monetize customer base, with opportunity to deliver current customers enhanced bundled and premium services.
Substantial synergy opportunity, driven by scale advantages across core functional areas.
Accretive to free cash flow, with combined track record of exceptional free cash flow generation.
Increased commitment to shareholder returns, leveraging the financial strength of the combined company, which generated $16.8 billion of revenue and $7.5 billion of Operating Cash Flow (OCF)2 in 2012.
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Liberty Property Trust (LRY) a hybrid real estate investment trust (:REIT) reported fourth quarter 2012 FFO (funds from operations) of 63 cents per share, in line with the Zacks Consensus Estimate as well as the prior-year quarter. The result was attributable to the strong acquisitions and development activities, slightly impacted by uncertain economic conditions.
For full year 2012, Liberty Property reported FFO of $2.58 per share, well ahead of the Zacks Consensus Estimate of $2.52. Yet, it was slightly below the prior-year FFO of $2.61 per share.
Total revenue during the reported quarter came in at $176.2 million, up 4.4% from the prior-year period. Also, it came well ahead of the Zacks Consensus Estimate of $174 million. For the full year, total revenue increased 3.4% year over year to $685.6 million, but marginally missed the Zacks Consensus Estimate of $686 million.
Inside the Headlines Numbers
At the end of the quarter, the occupancy at in-service portfolio of Liberty Property spanning 81.3 million square feet increased 30 bps (basis point) to 92.1% from 91.8% in the previous quarter. The company witnessed strong leasing activities in the quarter with about 4.9 million square feet of leased space. In the full year, the company leased total 18.5 million square feet of space.
Operating income from same-store properties slipped 0.2% on a cash basis and 0.3% on a straight-line basis from the year-ago quarter. For 2012, it dipped by 0.3% on a cash basis and by 0.8% on a straight-line basis compared with 2011.
Portfolio Restructuring Activity
Liberty Property witnessed continuous demand for premium quality industrial space from large corporate users and build-to-suit opportunities for both industrial and office users. During the reported quarter, the company acquired 22 industrial buildings for $176.3 million. The properties, spanning total 3.5 million square feet of leasable space, were 92.5% occupied. Also, the company divested two properties, spanning 257,000 square feet of leasable space (61.9% leased at the time of the sale), for $17.7 million.
During the same period, Liberty Property brought 5 development properties worth $44.1 million into operation. The properties, spanning 290,000 square feet of leasable space, were 77.0% occupied and 97.7% leased as of Dec 31, 2012. The properties, generating current yield of 8.5%, is projected to generate stabilized yield of 10.5%.
In addition, the company started developing 1 property for GAC Industries in Houston, Texas. The estimated construction cost of the property, spanning 181,000 square foot, is $11.6 million.
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NEW YORK (AP) -- Liberty Global Inc., the cable TV operator controlled by media mogul John Malone, is buying U.K.-based Virgin Media Inc. in a $16 billion deal that steps up the rivalry between Malone and fellow billionaire Rupert Murdoch.
Liberty Global is paying $5.9 billion in cash and the rest in stock for Virgin Media. The combination, announced late Tuesday, will provide stiffer competition in the U.K. to satellite TV provider BSkyB, in which Murdoch's News Corp. owns a 40 percent stake. The combined company will become one of the world's largest providers of cable TV, Internet and phone services, with 25 million customers in 14 countries.
"Liberty Global together with Virgin Media is a powerful combination," Liberty Global President and CEO Michael Fries said Wednesday on a conference call with investors. "In fact, it hits the mark on just about every strategic and operating criteria we have established for our company and provides significant benefits to Virgin Media subscribers and investors."
Liberty Global is the largest cable operator in most of its 11 European markets. Virgin Media is the second-biggest pay TV company in the U.K. after BSkyB, or British Sky Broadcasting Group PLC.
Fries said that after the deal, about 80 percent of the company's revenue will come from five countries: the U.K., Germany, Belgium, Switzerland and the Netherlands. The two companies said they had combined revenue of $16.8 billion last year.
Besides the cable TV, Internet and landline phone operations, Virgin Media runs a mobile phone business. That's a business Liberty Global doesn't currently have. Virgin Group boss Richard Branson a multibillionaire, like Malone and Murdoch has a minority stake in Virgin Media.
The companies said the transaction is equal to $47.87 per Virgin Media share. That's about a 24 percent premium on the closing price of Virgin Media's U.S.-traded stock on Monday. Each Virgin Media shareholder will get $17.50 in cash and get the rest of the value in Liberty Global stock.
"This deal delivers attractive value now and exposure to a very compelling growth equity story," Virgin Media CEO Neil Berkett said on the conference call, pointing to the stock premium.
Virgin Media's U.S. shares fell 82 cents, or 1.8 percent, to $44.79 in afternoon trading Wednesday, a day after surging almost 18 percent to close at $45.61 after the company acknowledged it was in acquisition talks with Liberty Global. Liberty Global's stock fell $2.29, or 3.4 percent, to $65.69.
Liberty Global's Englewood, Colo., headquarters and main U.S. offices will remain in place, and its shares will continue to trade on the Nasdaq Stock Market. But the company will change its legal headquarters to the U.K. by becoming a subsidiary of a new U.K.-based holding company, which Fries said will give it more strategic and financial flexibility.
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Peter Schiff Bot Austrian Libertarian Caller
The shit these SchiffBots come up with is fucken amazing!
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Home > Updates 6th District Libertarian candidate announces Senate run Originally Published on Tuesday, February 05, 2013 By Item Staff
BEVERLY Libertarian candidate Daniel Fishman, who ran for Congress in the 6th District, announced Tuesday he will attempt to get on the ballot for the U.S. Senate special election to fill former Sen. John Kerrys seat.
Fishman, a software engineer from Beverly, launched an unsuccessful campaign for Congress this fall against U.S. Rep. John Tierney, a Democrat from Salem, and former state senator Richard Tisei, a Republican from Wakefield. Fishman earned about 16, 000 votes in that race, or 5 percent.
He said in a press release Tuesday that hes decided to try to run for Senate because he thinks Massachusetts voters are stuck between a Democratic machine and a too-conservative Republican party.
" [T]he thing I became most aware of on the campaign trail is that there is a large group of citizens in Massachusetts who are not being represented by the Democratic machine, which elects favorite sons time after time. Nor are they represented by the Republican party which is tied to a national platform a social tolerance policy from 1950, he said in his release.
Fishman, who campaigned for the Congressional seat on a platform of replacing most federal taxes with a 23-percent sales tax, is also pro-choice and supports legalizing marijuana.
He has called himself to the left socially of John Tierney and to the right fiscally of Richard Tisei, in an October interview with The Daily Item.
"I am the most fiscally conservative and the most socially tolerant candidate in the race, he said in his press release Tuesday.
Fishmans announcement comes two days after Tisei became the latest Republican to say he would not be running for the Senate seat. Former U.S. Senator Scott Brown also said he would not run for the seat in the Republican field.
On the Democratic side, U.S. Reps. Edward Markey, of Malden, and Stephen Lynch, of South Boston, have launched campaigns for the seat.
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Home > News Libertarian Fishman announces bid for Kerry's Senate seat By Amber Parcher / The Daily Item
In last fall's heated 6th District Congressional race, Libertarian Daniel Fishman positioned himself socially to the left of incumbent John Tierney and fiscally to the right of Republican challenger Richard Tisei.
And while Fishman acknowledges his presence may have skewed the close race to Democrat Tierney, he's undaunted in his next quest to bring what he calls a different way of thinking to the U.S. Senate race to fill the seat just vacated by Secretary of State John F. Kerry.
"I think there is an awakening in Massachusetts," Fishman said of his fiscally conservative, socially liberal platform.
The special education software engineer from Beverly announced Tuesday he will attempt to gather 10,000 signatures before April 3 to appear on the state's June 25 special election ballot for U.S. Senate.
It's a long shot, he admitted in an interview with The Daily Item on Tuesday. But Fishman said it's still a shot worth taking as he sees more voters become disillusioned with an increasingly conservative Republican party and a "machine" Democratic party.
"There's no question I am a dark horse," he said. " ... [But] for the people that I do represent, that I do speak for, there's nobody coming close to representing them."
In his Congressional campaign, Fishman advocated for a 23-percent sales tax in place of many federal taxes while arguing for legalizing marijuana. He earned 5 percent of the vote in a race that went to Tierney by half a percentage point, fueling speculation Fishman tilted the race for Tierney.
Fishman said he accepts responsibility for that accusation.
"I accept the anger that was out there for the people who said Rich Tisei should have won and I cost him the election," Fishman said.
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Deadly tsunami hits Solomon Islands - Asia-Pacific
A powerful 8.0-magnitude earthquake has set off a tsunami that killed at least five people in a remote part of the Solomon Islands, triggering evacuations across the South Pacific as island nations issued tsunami alerts. The Pacific Tsunami Warning Centre cancelled its regional alert for Pacific-island nations at 03:50 GMT on Wednesday, about two and a half hours after the powerful quake struck at 01:12 GMT near the Santa Cruz islands in the Solomons. Australian and US monitors said a tsunami wave measuring 91 centimetres washed into the town of Lata, on the main Santa Cruz island of Ndende. The wave also reached parts of Vanuatu and New Caledonia, a 40 centimetre tsunami hit as far away as Japan #39;s Hachijo Island, about 290km south of Tokyo. The United Nations Office for the Co-ordination of Humanitarian Affairs said the wave appeared to have travelled 500 metres inland, inundating Lata #39;s airstrip as well as surrounding villages, flattening many traditional houses. "We can report five dead and three injured. One of the dead was a male child, three were elderly women and one an elderly man," Chris Rogers, a nurse at Lata Hospital, told the AFP news agency. #39;Waves crashing #39; Solomons Prime Minister Gordon Darcy Lilo #39;s office said four villages on the Santa Cruz Islands had been hit by the tsunami. "Latest reports suggest that between 60 to 70 homes have been damaged by waves crashing into at least four villages on Santa Cruz Islands" - George Herming, spokesperson "Latest ...
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Minecraft: SUPER HOSTILE! - Sunburn Islands Ep. 10
Alkan and I begin another adventure with a more challenging map, Super Hostile: Sunburn Islands! This is one of the easier maps in the Super Hostile series so we thought it would be a good way to get ourselves used to some of the harder stuff out there. Enjoy! Alkan #39;s Channel - http://www.youtube.com Download the map here - http://www.minecraftforum.net Mapmaker #39;s channel - http://www.youtube.com Don #39;t forget to LIKE and SUBSCRIBE! =)
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Rainbow Islands - Kirby #39;s Dream Land 2
Music: Rainbow Islands Composers: Hirokazu Ando, Tadashi Ikegami Playlist: http://www.youtube.com Platform: Game Boy
By: GilvaSunner
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MineZ | My luck at Floating Islands
I #39;m not playing anymore.. ever.
By: piNkz0ryyy2
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Tsunami hits Solomon Islands after quake | At least 5 reportedly killed as magnitude 8.0 earthquake
At least 5 reportedly killed as magnitude 8.0 earthquake
By: TheBrandNewWorld
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A powerful magnitude 8.0 earthquake off the Solomon Islands generated a tsunami of up to 5 feet that killed at least 5 people, a hospital official says, while the death toll is feared to rise as officials inspect dozens of damaged homes.
Authorities on Wednesday canceled warnings for tsunamis on more distant coasts.
Solomons officials reported two 1.5-meter (4 foot, 11 inch) waves hit the western side of Santa Cruz Island, damaging between 70 and 80 homes and properties, said George Herming, a spokesman for the prime minister. Many villagers of the South Pacific island chain had headed to higher ground as a precaution, Herming said. Dozens of aftershocks stronger than magnitude 5 followed the quake
Augustine Pilve, who is Lata hospital's director of nursing, told a New Zealand television station that five were killed, including a boy around 10 years old, Reuters reports.
Solomon Islands Police Commissioner John Lansley earlier said local police patrols had reported that several people were presumed dead, though the reports were still being verified.
"Sadly, we believe some people have lost their lives," he said. "At the moment we potentially know of four, but there may of course be more."
One of the people presumed dead was fishing in a dugout canoe when the first wave hit, sweeping him out to sea, Herming said. Officials were searching for his body. Another woman was believed to have drowned when the water rushed into her village, Herming said.
Four villages on Santa Cruz were impacted by the waves, with two facing severe damage, Lansley said. Other areas of the Solomons did not appear to have been seriously affected.
Disaster officials were struggling to reach the remote area after the tsunami flooded the airstrip at the nearest airport and left it littered with debris.
The tsunami formed after a magnitude-8.0 earthquake struck near the town of Lata, on Santa Cruz in Temotu, the easternmost province in the Solomons, about a 3-hour flight from the capital, Honiara. Temotu has a population of around 30,000.
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By CNN Staff
updated 9:03 AM EST, Wed February 6, 2013
Map: Solomon Islands
STORY HIGHLIGHTS
(CNN) -- An 8.0-magnitude earthquake struck off the Solomon Islands in the South Pacific on Wednesday, triggering a tsunami that killed five people but didn't threaten the wider region.
Four elderly people and one child died after the roughly 1-meter (3-feet) high wave hit the Santa Cruz Islands, an eastern region of the Solomon Islands, said Augustine Bilve, a director at a hospital in Lata, the main town in the area.
The strong waves appeared to have caused damage and disruption at the local airport and nearby villages.
Bilve said that some patients were being relocated, but the hospital was intact.
"Our staff in Temotu province felt the quake and within five minutes there were a number of wave surges, which flooded the runway there," said Andrew Catford, the program director in the Solomon Islands for the humanitarian group World Vision.
World's biggest earthquakes since 1900
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SYDNEY - A powerful earthquake off the Solomon Islands generated a tsunami of up to 1.5 metres that damaged dozens of homes and likely killed several people in the South Pacific island chain on Wednesday.
Authorities cancelled warnings for tsunamis on more distant coasts.
Solomons officials reported two 1.5-metre waves hit the western side of Santa Cruz Island, damaging around 50 homes and properties, said George Herming, a spokesman for the prime minister. Many villagers had headed to higher ground as a precaution, Herming said.
Solomon Islands Police Commissioner John Lansley said local police patrols had reported that several people were presumed dead, though the reports were still being verified.
"Sadly, we believe some people have lost their lives," he said. "At the moment we potentially know of four, but there may of course be more."
Four villages on Santa Cruz were impacted by the waves, with two facing severe damage, Lansley said. Other areas of the Solomons did not appear to have been seriously affected.
The tsunami formed after an 8.0-magnitude earthquake struck near Lata on Santa Cruz in Temotu province, the easternmost province of the Solomons, about a three-hour flight from the capital, Honiara. The region has a population of around 30,000 people.
The Pacific Tsunami Warning Center said a tsunami of about a metre was measured in Lata wharf, in the Solomon Islands. Smaller waves were recorded in Vanuatu and New Caledonia.
The centre cancelled earlier warnings for tsunami waves further away.
Richard Dapo, a school principal on an island near Santa Cruz, said he lives inland but has been fielding calls from families on the coast whose homes have been damaged by the waves.
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Small tsunami damages homes in Solomon Islands; 4 believed killed
The deadly earthquake and tsunami that hit the Solomon Islands today struck along a subduction zone, the same geologic setting responsible for the world's most powerful earthquakes.
In a subduction zone, two of Earth's tectonic plates meet and one slides beneath the other into the mantle, the deeper layer beneath the crust. The Solomon Islands sits above the collision between the Australia and Pacific plates. In the region of today's magnitude-8.0 earthquake, the Australia plates dives beneath the Pacific plate toward the east-northeast at a geologically speedy 3.7 inches (94 millimeters) per year, according to the Incorporated Research Institutions for Seismology (IRIS).
The earthquake hit at a depth of 17.8 miles (28.7 kilometers) and was the second largest earthquake in the Solomon Islands region in almost 40 years, IRIS said in a statement. Several aftershocks followed, the largest measuring magnitude 6.6, according to the U.S. Geological Survey (USGS).
The tsunami generated by the quake, reported as 3 feet (0.9 meters) in height, hit villages on Santa Cruz Island, destroying structures and homes, according to news reports. A tsunami watch was issued for Australia, Indonesia and New Zealand, but not for the rest of the Pacific, according to the West Coast and Alaska Tsunami Warning Center.
Subduction zone quakes shove the seafloor in one sudden movement, which may generate a tsunami by pushing the ocean water above. However, depending on the depth and size of the earthquake, the actual seafloor surface may not move a significant amount, so a big earthquake doesn't always produce a massive wave.For example, a magnitude-7.6 subduction zone earthquake in the Philippines in August 2012, which started deep in Earth's crust, did not trigger a tsunami.
There were dozens of earthquakes around the Solomon Islands in the month leading up to today's massive quake, the USGS reported. More than 40 magnitude-4.5 quakes shook the islands in the past week alone, and seven of those temblors were larger than a magnitude-6.0, the USGS said.
Reach Becky Oskin at boskin@techmedianetwork.com. Follow her on Twitter @beckyoskin. Follow OurAmazingPlanet on Twitter@OAPlanet. We're also onFacebookand Google+.
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