common stock

A global financial institution Citadel investment Group, L.L.C. reported that its affiliate, Citadel Equity Fund, Ltd., has terminated the Rule 10b5-1 trading plan it entered into on August 11, 2009 in connection with its holdings of E*TRADE Financial Corporation common stock.

No sale of E*TRADE common stock had been made under the Plan, which was to commence on August 31, 2009. 

Citigroup CEO Vikram Pandit said in an interview with Singapore`s Business Times that the bank plans to sell 20 businesses in consumer finance area, many of them located in Europe. The move was due to the shift in the consumer finance market where "there is less funding availability and they are probably less robust as businesses." Besides, Pandit added that on the completion of the exchange

On Tuesday JPMorgan Chase & Co. announced that while the company is aware of the “mini-tender” offer by Latam Investments LLC to acquire up to 5,000 shares per week of JPMorgan Chase & Co. common stock it is in no way affiliated with the broker firm based in Miami, Florida, the offer, or the offer documentation.

Robert O. Carr, chief executive officer at Heartland Payment Systems, Inc. along with his wife Jill A. Carr were forced to sell an aggregate of 692,412 shares of the company’s common stock to meet obligations under a loan for which the shares were pledged as security. The proceeds from the loans were used to cover prior loans a portion of the proceeds of which were expended by Carr in connection with the acquisition of approximately 1.75 million additional shares of Heartland stock by the exercise in 2006 of options granted by two large institutional stockholders.

Citi today announced it will issue common stock in exchange for preferred securities, which will substantially increase its tangible common equity (TCE) without any additional U.S. government investment. The transaction is intended to build Citi's TCE to a level that removes uncertainty and restores investor confidence in the company.

The Board of Directors of JPMorgan Chase made a decision to reduce the company’s quarterly common stock dividend from $0.38 to $0.05 per share effective for the dividend payable April 30, 2009, to shareholders of record on April 6, 2009. The level is expected to stay unchanged for time being. The move is aimed at retaining an additional $5 billion in common equity per year.