We learned on February 27th of the Treasury's plan to convert up to $25 billion of their $45 billion preferred Citigroup (NYSE: C) shares to common equity. According to the company, the existing shareholders would be diluted by 74%. Thus, the taxpayers will cease collecting dividends on their holdings and they'll slide down the capital structure in Citigroup to the lowest rung on the ladder...
Westport Innovations, Inc. (WPRT) Makes Alternatives to Traditional Engines
Westport Innovations engages in the research, development, and marketing of high-performance engines and fuel systems. Headquartered in Vancouver, British Columbia, their engines use gaseous fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and hydrogen-enriched compressed natural gas (HCNG).