Seeking to keep pace with rivals in a rapidly consolidating industry, E*Trade Financial will buy Harrisdirect for US$700 million in cash. E*Trade said the purchase of Harrisdirect, an online-only brokerage owned by the BMO Financial Group -- parent company of the Bank of Montreal -- would be "highly...
The online financial services world finds itself back in the mergers-and-acquisition spotlight today as Ameritrade and TD Waterhouse have confirmed reports that they are talking about merging their online brokerages. Ameritrade Holding confirmed that talks were under way with Toronto Dominion Bank, ...
The trend for industries to consolidate through major mergers and acquisitions has made its way back to the e-commerce space, with No. 2 online brokerage E*Trade Financial reportedly posed to make a surprise US$5.5 billion bid to buy smaller rival Ameritrade. Neither company has formally acknowledge...
Oracle has made its third purchase in less than a year, announcing today that it has acquired Oblix, a small identity management software company. Terms of the sale were not announced. Oblix's security software allows for Web access control of single sign-on, identity administration and user provisi...
Stocks overcame a brief spike in oil prices to post across-the-board increases today as investors looked to add to gains made before the long holiday weekend. Lifted by earnings news and by bargain-hunting after nearly two straight weeks of declining share values, stocks managed to post their first ...
In the last U.S. presidential election the candidates clashed on the issue of privatizing the Social Security system. I'll leave the political debate to the professional politicians, but I would like to address this matter from the standpoint of millions of U.S. workers. Many of them are already b...
Discount brokerage Charles Schwab today announced the immediate replacement of CEO David S. Pottruck by board Chairman Charles R. Schwab in the face of continued sagging profits. In the same statement, the San Francisco, California, company also reported that its net income for the quarter ended Jun...
As the stock-market bull remains in a lengthy hibernation, the number of people who qualify as active online traders has tumbled. But the sector has kept its footing, thanks largely to established brokerages that are offering multichannel options to customers. "A lot of the houses have gone strai...
E*Trade has announced it will pay $100 million in stock for privately held Tradescape. The move will nearly double the number of daily stock trades on E*Trade's network, making it the category leader. But GartnerG2 vice president and research director David Furlonger told the E-Commerce Times tha...
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