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...
Identity theft is one of the fastest growing types of consumer fraud, and banks in particular fear that such crimes will hinder consumer online banking activity. A recent study on bank account phishing and hacking from the Federal Deposit Insurance Corporation reveals that single-factor authenticati...
In some industries, it is easy to tell who is at the top of the heap. The office software realm has Microsoft, the beer world has Budweiser, and for much of the cola-loving planet, Coke is it. Among online brokerages, however, crowning a king is not so simple. Potential candidates have strengths and...
The Nasdaq stock exchange has given BarnesandNoble.com just over two months to either boost its stock price or face delisting, an often fatal blow to a public company's fortunes. BN.com, which launched a $420 million IPO in the dot-com heyday of 1999, received the warning notice because its stock ...
Numerous venture capitalists are nursing wounds sustained when companies collapsed and stopped going public at a record clip. But most of the VC firms that can trace their roots back to the pre-boom era are still hanging on, if not thriving. "Those who came late to the party and tried to grab all...
Japanese Internet venture investor Softbank has sold its remaining stake in E*Trade, taking a loss as part of an effort to realign its holdings and reduce its exposure to the dot-com world. Softbank said it sold a total of 12 million shares of E*Trade stock for $3.60 each, raising $43 million. Wh...
Consolidations and stock market chaos are causing upheaval among online trading companies, and the ripple effects could continue for some time. For example, analysts said more mergers and exits from the sector could be in the offing. "I would not be surprised if you saw some of the minnows merge ...
Even as the major U.S. stock markets dipped to new lows, Ameritrade -- the second largest online broker -- said it squeezed out a quarterly profit of $5.7 million. The company noted that order volume has plummeted as consumers have turned away from stock trading in large numbers, reducing revenue...
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...
Robertson Stephens, an investment bank that helped take Webvan, eToys, Palm, eMachines, Buy.com and a score of other Internet and tech companies public in the dot-com heyday, will be closed after attempts to find a buyer failed, according to parent company FleetBoston Financial. "It was a difficu...
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