TD AMERITRADE Holding Corporation (AMTD) and E-Trade Financial (ETFC) Among those in Merger Talks
Stock futures bounded higher Wednesday on speculation that the Federal Reserve will move to mitigate a growing credit crunch by cutting interest rates.
Wall Street ended mixed Tuesday, with the Dow Jones industrials giving up some 30 points while both the Nasdaq composite and Standard & Poor's 500 finished slightly higher. Investors weighed statements from government officials and policymakers over if and when the Fed will move to cut interest rates.
Online brokerages TD Ameritrade Holding Corp. and E-Trade Financial Corp. are said to have been in discussions about a possible deal for weeks, according to The Wall Street Journal. However, the report said they are not close to a deal.
Meanwhile, Nymex Holdings Inc. Chairman Richard Schaeffer said Tuesday the commodities exchange owner has held preliminary discussions about a potential combination, but there is no guarantee of a deal. We believe this other party to be NYSE Group. NYX needs a futures exchange exposure and Nymex is their best fit.
Wall Street ended mixed Tuesday, with the Dow Jones industrials giving up some 30 points while both the Nasdaq composite and Standard & Poor's 500 finished slightly higher. Investors weighed statements from government officials and policymakers over if and when the Fed will move to cut interest rates.
Online brokerages TD Ameritrade Holding Corp. and E-Trade Financial Corp. are said to have been in discussions about a possible deal for weeks, according to The Wall Street Journal. However, the report said they are not close to a deal.
Meanwhile, Nymex Holdings Inc. Chairman Richard Schaeffer said Tuesday the commodities exchange owner has held preliminary discussions about a potential combination, but there is no guarantee of a deal. We believe this other party to be NYSE Group. NYX needs a futures exchange exposure and Nymex is their best fit.
Labels: Ameritrade, AMTD, E-Trade Financial Corp., ETFC, NMX, Nymex Holdings Inc., NYSE Euronext Inc., NYX
posted by Stock Administrator @ 8:37 AM
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