News / Finance
WhisperfromWallStreet.com "Morning Losers - "Pacer International, Inc.,PACR - Valero Energy Corp.,VLO - Income Opportunity Realty Investors Inc.,IOT
Pacer International, Inc. - Valero Energy Corp. - Income Opportunity Realty Investors Inc.
Pacer International, Inc.,PACR
Pacer International, Inc., a leading North American freight transportation and logistics services provider, has announced the appointment of Dennis Chantland to the board of directors, effective June 1, 2009. Chantland’s career includes working in various senior executive roles with Fortune 500 companies.
"Dennis’ four decades of shipper experience, as well as his strong operational management and financial background, will be a tremendous asset to Pacer as we move forward during this very challenging year. His experience working for top retail, distribution, and manufacturing firms during his career will serve Pacer and our investors well as we focus on our key strategic initiatives," said Michael E. Uremovich, Pacer’s chairman and CEO.
"Pacer’s strong position in intermodal transportation and supporting logistics services led me to accept the invitation to join the board. I look forward to applying my business and financial experience to help Pacer meet its strategic goals," said Mr. Chantland.
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Valero Energy Corp.,VLO
A big warning from Valero and fatter-than-expected petroleum supplies knocked the tar out of energy stocks on Wednesday, as losses in the sector exceeded the broad market.
July crude futures subtracted 2% to fall down to the $67 a barrel level. U.S. commercial crude oil inventories rose by 2.9 million barrels last week, while analysts surveyed by Platts had expected a decline of 2 million barrels. See Futures Movers.
The EIA also reported that total motor gasoline inventories decreased by 200,000 barrels last week, much less than the drop of 1.5 million barrels in gasoline expected.
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Income Opportunity Realty Investors Inc.,IOT
Income Opportunity Realty Investors, Inc. operates in the real estate sector in the United States and announces change in Directors or Principal Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) On May 21, 2009, the Board of Directors of Income Opportunity Realty Investors, Inc. (the "Registrant" or the "Company" or "IOT") elected Ted R. Munselle, age 53, as a director to fill a vacancy on the Board of Directors. Mr. Munselle is Vice President and Chief Financial Officer (since October 1998) of Landmark Nurseries, Inc.; he was President (December 2004 to August 2007) of Applied Educational Opportunities LLC, an educational organization which had career training schools located in the cities of Richardson and Tyler, Texas. He is a certified public accountant (since 1980) who was employed in the public accounting industry from 1977 until 1998 when he entered his current employment. Mr. Munselle has been a director (since February 20, 2004) of American Realty Investors, Inc. ("ARL"), a Nevada corporation which has its common stock listed and traded on the New York Stock Exchange, Inc. ("NYSE") and Transcontinental Realty Investors, Inc. ("TCI"), a Nevada corporation which has its common stock listed and traded on the NYSE. Mr. Munselle is also qualified as an Audit Committee financial expert within the meaning of SEC regulations and the Board of Directors of IOT has determined that he has accounting and related financial management expertise within the meaning of the listing standards of the American Stock Exchange (the "AMEX"). Mr. Munselle was also elected as a member and chairman of the Audit Committee of the Board of Directors of IOT.
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