Wednesday, April 7, 2010 as of 11:14 AM ET
E-Trade Financial Corporation (often styled E*TRADE) is a financial services company based in New York City, United States.
Read More at Wikipedia ›Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders.
A technical glitch delayed the social networking company's market debut by 30 minutes on Friday and many client orders were delayed, giving some investors and traders significant losses as the stock price dropped. The exchange operator is facing lawsuits from investors and threats of legal action from brokers.Four of the top market makers in the Facebook IPO -- Knight Capital, Citadel Securities, UBS AG and Citi's Automated Trading Desk -- collectively have probably lost more than $100 million from problems arising from the deal, said a senior executive at one of the firms.Knight and Citadel are each claiming losses of $30 million to $35 million, potentially overwhelming a $13 million fund the exchange set up to deal with potential claims.Nasdaq also has to contend with...Freddie Mac is preparing to name Donald Layton, the former CEO of online brokerage E*Trade Financial Corp., its next CEO, according to people familiar with the matte...
These are stocks that are up on high volume today:Today, Under Armour (NYSE:UA) is up on high volume, trading at a volume of 1.8 million, or 2.8 times its average da...
Shares of E-Trade Financial Corp were the best-performing of the financial stocks in the S&P 500 on Friday, adding 5% after beating earnings estimate for the first q...
E-Trade Financial reported late Thursday its first-quarter profit rose to $62.6 million, or 22 cents a share, from $45.2 million, or 16 cents a share, a year ago. Th...
Discount brokerage TD Ameritrade (NASDAQ:AMTD) announced plans on Wednesday to ditch the Nasdaq in favor of listing on the archrival New York Stock Exchange.The swit...
Former E*Trade Financial (NASDAQ:ETFC) CEO Donald Layton has reportedly raced to the top of the short list for the new CEO of mortgage giant Freddie Mac.According to...
Cantor Fitzgerald & Co. has snared an executive from Knight Capital Group (KCG) to help build its retail equity broker-dealer business.James P. Smyth joined Cantor a...
Citi Ventures, the corporate venture arm of Citigroup Inc. (C), has invested an undisclosed amount of money in InvestLab Inc., a start-up with offices in San Francis...
DOW JONES NEWSWIRESCharles Schwab Corp.'s (SCHW) daily trading volume eased in January from a year earlier but rose from a quiet December, echoing trading trends at ...
Online broker E*Trade Financial Corp said on Monday its trading volume fell 20 percent from a year earlier, but rose 20 percent from December, when many investors mo...
FBN's Robert Gray on oil prices climbing on Iran's threats to cut off oil exports to Europe, plus an afternoon market update.
FBN's Robert Gray breaks down afternoon market news.
E-Trade Financial Corp. realized losses of under $1 million due to the botched Facebook IPO last week, according to a Reuters report on Thursday. Reuters quoted E-Tr...
TD Ameritrade and Fidelity's brokerage arm both stopped accepting orders of Facebook shares as of Tuesday evening, according to representatives.Morgan Stanley & Co d...
Online brokerage firms TradeKing Group and Zecco Holdings announced their merger on Tuesday, a tie-up meant to lure trades from larger rivals.The deal would consolid...
Assured Guaranty Ltd. (AGO) swung to a first-quarter loss as derivatives losses widened and income from premiums slid, though the insurer's operating earnings still ...
Freddie Mac, the No. 2 provider of U.S. mortgage money, o n T hursday named financial industry veteran Donald Layton as its next chief executive, putting him atop a ...
Donald Layton, the former chief executive of E*Trade Financial Corp., has been picked to head government-seized housing giant Freddie Mac, according to a statement f...
Freddie Mac said late Thursday its board appointed Donald Layton as chief executive. Layton, 62, succeeds Charles Haldeman, who announced in October he would step do...
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