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Citi to issue preferred stock and warrants to U.S. Treasury and FDIC Strike price on warrants set at $10.61 Citi to receive capital benefits from government guarantee on $306 billion of assets Citi secures access to multiple additional liquidity facilities NEW YORK--(Business Wire)-- Citi (NYSE: C) today announced that it has reached an agreement with the U.S. Treasury, the Federal Reserve Board, and the Federal Deposit Insurance Corp. (FDIC) on a series of steps to strengthen Citi’s capital ratios, reduce risk, and increase liquidity, as described below: CAPITAL * The U.S. Treasury will invest $20 billion in Citi preferred stock under the Troubled Asset Relief Program (TARP). * Citi will issue an incremental $7 billion in preferred stock to the U.
in Banking
via Reuters @ 4:02 24th Nov
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HOPKINSVILLE, Ky., Nov. 20 /PRNewswire-FirstCall/ -- HopFed Bancorp, Inc. today announced that it has been selected and preliminarily approved to participate in the United States Department of Treasury Capital Purchase Program (TARP). The Company is examining the details of the program and has thirty days to make a decision on its participation in the program. HopFed Bancorp is eligible to receive a Treasury Department investment in the Company's preferred stock of up to $18.4 million. The senior preferred stock would have a per annum dividend rate of 5.00% for the first five years and 9.00% thereafter. The Company would also issue the Treasury Department 10 year warrants for common stock equal to 15% of the Treasury's preferred stock investment, giving the Treasury the opportunity to benefit from any increase in the Company's stock price
in Banking
via Stockwatch @ 7:20 20th Nov
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Web Chat is Preferred Communication Channel for Consumers: Simplexity's Customer Usage Increases 300% With Deployment of InstantService Chat Solution
in E-commerce
via PR Newswire @ 12:01 11th Nov
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TMCNet: Web Chat is Preferred Communication Channel for Consumers: Simplexity's Customer Usage Increases 300% With Deployment of InstantService Chat Solution
in E-commerce
via TMC Net @ 15:27 11th Nov
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WESTMINSTER, Calif., Oct. 27, 2008 (GLOBE NEWSWIRE) -- Saigon National Bank (OTC BB:SAGN.OB - News) has received approval of U.S. Treasury's investment and purchase of preferred shares in the bank. The investment by Treasury will equate to 3% of risk-weighted assets, the maximum the Treasury can invest in any bank under the program rules.
in Banking
via Yahoo! Canada @ 21:53 27th Oct
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(MFS) today announced the availability of information on the results of the weekly auctions for the week ending November 28, 2008, that determine the dividend rate payable on the auction rate preferred shares issued by the closed-end funds identified below. The data is posted online at www.mfs.com and can be accessed by clicking on “News & Commentary,” then “News Room,” then “Closed-End Funds Press Releases.” The information pertains to the following MFS closed-end funds:
in E-commerce
via Globe Investor @ 16:50 1st Dec
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Tokyo - Mizuho Financial Group Inc on Thursday announced a plan to increase its capital by issuing preferred subscription securities and establishing a wholly-owned subsidiary company in the Cayman Islands amid the global financial crisis. The prefer...
in Banking
via Earthtimes.org @ 4:27 13th Nov
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Patton Roberts, PLLC Files Class Action Lawsuit Against Fannie Mae On Behalf of Series S Preferred Stockholders -- FNM
in Banking
via Yahoo! Canada @ 21:53 27th Oct
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TORONTO, Nov. 17 /CNW/ - While smartphones, instant messaging and other communication tools may be distracting at times, there appears to be an upside: A majority (57 per cent) of chief information officers (CIOs) interviewed recently said they feel more connected to colleagues given the prevalence of new technologies in the workplace. Still, e-mail and in-person conversations remain the preferred ways to communicate, according to 49 per cent and 34 per cent of CIOs, respectively.
in Developer
via Backbone Magazine @ 13:21 18th Nov
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TORONTO, Nov. 17 /CNW/ - While smartphones, instant messaging and other communication tools may be distracting at times, there appears to be an upside: A majority (57 per cent) of chief information officers (CIOs) interviewed recently said they feel more connected to colleagues given the prevalence of new technologies in the workplace. Still, e-mail and in-person conversations remain the preferred ways to communicate, according to 49 per cent and 34 per cent of CIOs, respectively.
in Developer
via Mediacaster @ 1:30 18th Nov
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MENLO PARK, Calif., Nov. 13 /PRNewswire/ -- While smartphones, instant messaging and other communication tools may be distracting at times, there appears to be an upside: A majority (57 percent) of chief information officers (CIOs) interviewed recently said they feel more connected to colleagues given the prevalence of new technologies in the workplace. Still, e-mail and in-person conversations remain the preferred ways to communicate, according to 43 percent and 36 percent of CIOs, respectively.
in Developer
via PR Newswire @ 13:09 13th Nov
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The federal banking and thrift regulatory agencies announced today they are extending the applicability of their October 24, 2008 Interagency Statement on direct investments to certain indirect investments in Fannie Mae and Freddie Mac preferred stock.
in Banking
via Federal Reserve @ 16:46 31st Oct
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Southern National Bancorp Reports 3rd Quarter After Tax Profit of $588 Thousand, An Increase of 26 Percent Over the Same Quarter of 2007, Before Loss On Freddie Mac Perpetual Preferred Stock of $1.3 million
in Banking
via Yahoo! Canada @ 21:53 27th Oct
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Whole Foods Market (WFMI) announces an agreement to sell Series A Preferred Stock due 2020 to Green Equity Investors V, L.P., an affiliate of Leonard Green & Partners, L.P. for $425 million, which equates to an ownership interest, assuming conversion of preferred stock to common, of about 17% at this time. Jonathan D. Sokoloff and Jonathan A. Seiffer of Leonard Green & Partners, L.P. intend to join board of directors of WFMI. S&P reiterates hold.
in Top Tech
via BusinessWeek via MSN Money @ 13:37 7th Nov
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Whole Foods Market (WFMI) announces an agreement to sell Series A Preferred Stock due 2020 to Green Equity Investors V, L.P., an affiliate of Leonard Green & Partners, L.P. for $425 million, which equates to an ownership interest, assuming conversion of preferred stock to common, of about 17% at this time. Jonathan D. Sokoloff and Jonathan A. Seiffer of Leonard Green & Partners, L.P. intend to join board of directors of WFMI. S&P reiterates hold.
in Top Tech
via BusinessWeek @ 16:07 6th Nov
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Wells Fargo said Wednesday it planned to sell at least $10bn of stock to fund its acquisition of Wachovia, the troubled east coast lender, to create the fourth-largest US bank by assets. Wells said the offering, which it plans to price after stock markets close on Thursday, could grow above $10bn. Wells previously said it would raise up to $20bn of capital, primarily common equity, to fund the $15bn all-stock acquisition. The bank said its purchase of Wachovia “stands on its own” without the US Treasury’s TARP scheme to recapitalise the banks and buy problem loans. Wells sold $25bn of preferred shares to the US government in October, as one of nine large banks required to take $125bn of government capital. Analysts said the bank may choose to raise further capital with a sale of preferred stock.
in Banking
via FT Alphaville @ 1:54 6th Nov
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in Cricket
via Sporting Life @ 17:16 6th Nov
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Chennai, Oct. 24 If you think Hindi movies are the most popular among customers in the DVD rentals business, think again. Hollywood movies are rented in greater numbers because they tend not to have big releases in India, says Mr Kamal Gianchandani, Chief Operating Officer, BigFlix.com.
in Gadgets
via Hindu Business Line @ 0:21 25th Oct
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in Gadgets
via Kyodo @ 20:51 31st Oct
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Exporting Financing Human Resources Managing Personal Development Sales & Marketing Startup Guide Technology
in Developer
via Canadian Business Magazine @ 11:57 17th Nov
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in Computer Security
via NetworkWorld @ 13:43 6th Nov
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Gossip Girl, the preferred soap opera of the chattering and Internet-nattering classes, continues to bubble away in its second season on the CW. Blair Waldorf—prep-school queen bee, fierce fashionista and antagonista—has commanded the foreground with a cattiness that Erica Kane and an ill-tempered Siamese would both admire. Blair has thus far seen her clique assault Amanda's hairdo with a depilatory, taken a stab at ruining her own mother's fashion show, and crashed a reception hosted by a Yale University administrator, precipitating a hair-pulling tussle with sworn frenemy Serena. Nice work. In recent weeks, Blair has shot her claws in the direction of a new character skillfully portrayed by Wallace Shawn.
in Celebrities
via Slate @ 10:36 28th Nov
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