Skip to: Content
Skip to: Site Navigation
Skip to: Search

September 8, 2008 12:34:24 AM CDT

Learn about Newser Points »

Stories related to: E Trade

Stories

4 Stories

  • November 2007

    • Citadel Bets Big on Mortgage Recovery in E*Trade Deal

      Wall Street Journal  |  Nov 30, 07 11:06 AM CST

      Citadel Bets Big on Mortgage Recovery in E*Trade Deal

      (Newser) - In bailing out flailing E*Trade with a $2.5-billion infusion yesterday, Citadel Investment is among the hedge funds and private investors starting to bet big on a recovery in mortgage-related securities, the Wall Street Journal reports. "The market is pricing assets like things are going to get really bad," Citadel founder and CEO Ken Griffin said. "But the more likely outcome is for the economy to slow for two or three quarters, and then strengthen." More »

      Tags

      E Trade  • Citadel Investment Group

    • E*Trade Stock in $2B Free Fall

      Wall Street Journal  |  Nov 13, 07 2:47 AM CST

      E*Trade Stock in $2B Free Fall

      (Newser) - Online brokerage pioneer E*Trade has been caught in the subprime mortgage crisis. Its shares fell 59% yesterday, wiping out $2.2 billion of its market value, reports the Wall Street Journal . Although its core business is discount brokerage, it is also a bank and has $12.4 billion in home equity lines of credit, some of which now look questionable. More »

      Tags

      subprime mortgages  • Citigroup  • SEC  • Goldman Sachs  • E Trade

    • Dow Dips Below 13K

      Wall Street Journal  |  Nov 12, 07 3:38 PM CST

      Dow Dips Below 13K

      (Newser) - The Dow closed below 13,000 today after seesawing on bad news from the financial sector and falling oil prices. The Dow finished at 12,987.55, down 55.19, after E*Trade said further mortgage-related write-downs might come—and its shares dropped 56%. The Nasdaq slid 43.81 to close at 2,584.13, and the S&P 500 dropped 14.52 to 1,439.18. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • Citigroup  • mortgage  • JPMorgan Chase  • Bank of America  • OPEC  • E Trade  • Blackstone

  • August 2007

    • Online Brokers Play 'Let's Make a Deal'

      Wall Street Journal  |  Aug 22, 07 3:34 PM CDT

      Online Brokers Play 'Let's Make a Deal'

      (Newser) - Though past merger talks were never consummated, online stockbrokers E*Trade and TD Ameritrade are again in "serious discussions" over a union, the Wall Street Journal reports. A consolidation would create a dominant player in online trading, reducing competition and perhaps ratcheting up costs for consumers. One source estimates the company could be worth $20 billion. More »

      Tags

      Wall Street  • stocks  • merger  • Bank of America  • E Trade  • online brokers  • online trading

4 Stories

Today's Most Popular

Premium Articles from HighBeam

Find more articles like this

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »