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...
The New York Stock Exchange announced a stunning transformation this morning, a merger with Archipelago Holdings that will bring the 212-year-old exchange to the fore of electronic trading and create a for-profit, public company, NYSE Group Inc. According to NYSE CEO John Thain, the NYSE's 1,366 mem...
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