June 23, 2005 |
Ameritrade Holding Corp. said Wednesday that it would buy electronic brokerage rival TD Waterhouse USA in an acquisition that analysts said underscored how cutthroat competition and anemic trading volumes were transforming the beleaguered online trading industry. The $2.
April 9, 2002 |
Ameritrade Holding Corp. agreed Monday to buy rival Datek Online Holdings Corp. for $1.3 billion in stock in a bid to become the biggest Internet broker as measured by average daily trades. The deal comes as online trading continues to wane amid the stock market's two-year slump. But Ameritrade said the combined company stands to benefit from cost savings and an eventual recovery in trading volume. Industrywide, online trading has plunged more than 50% from its peak in the first quarter of 2000.
May 10, 2005 |
The online brokerage business may be on the verge of another big consolidation wave -- which also could mean a halt to ever-sliding stock trading commissions for small investors. Merger rumors involving three of the industry's largest brokerages began to swirl around Wall Street on Friday, and drove some of the players' stocks up sharply Monday. E-Trade Financial Corp., the third-biggest online broker ranked by daily trade volume, has sent a letter to No. 2-ranked Ameritrade Holding Corp.
July 25, 2001 |
McDonald's Corp. on Tuesday reported a 16% drop in profit, its third straight quarterly decline, as the burger giant's stock rose modestly on its latest assurance that beef safety fears are easing in Europe, its top international market. Squeezed by weak foreign currencies and other concerns, McDonald's said it may close as many as 250 under-performing restaurants this quarter, primarily in emerging international markets.
July 5, 2005 |
At Dartmouth College, Joe Moglia was defensive coordinator for two teams that won Ivy League football championships. But lately, as chief executive of online stock brokerage Ameritrade Holding Corp., Moglia is playing offense. Omaha-based Ameritrade agreed last month to buy rival TD Waterhouse USA from Canada's Toronto Dominion Bank in a deal valued at $2.
October 25, 2000 |
Pfizer Inc. and Schering-Plough Corp. on Tuesday posted double-digit profit gains in their third quarter on strong sales of blockbuster medicines, but Pfizer shares fell on what some analysts said was disappointing growth of its cholesterol fighter Lipitor. Pfizer, the world's largest drug maker, said earnings from operating rose 30% to $1.71 billion, or 27 cents a share, beating the consensus Wall Street estimate of 25 cents.
October 22, 2003 |
Online brokerages Charles Schwab Corp. and Ameritrade Holdings Corp. on Tuesday reported quarterly profits compared with year-earlier losses, as Wall Street's rally brought small investors back to stocks. Schwab, the largest discount broker by assets, had net income of $127 million, or 9 cents a share, compared with a loss of $4 million in the third quarter of 2002. But the San Francisco-based firm disappointed some analysts by reporting a decline in new-account openings.
December 25, 1998 |
* Aames Financial Corp. (ticker: AAM; Thursday close: $2.56, up 6 cents) was raised to "hold" from "sell" by Prudential Securities and Sutro & Co. * Ameritrade Holding Corp. (AMTD; $29, down $3.13) was cut to "hold" from "buy" by Deutsche Bank Securities. * Biogen Inc. (BGEN; $79.31, down 50 cents) raised to "strong buy" from "outperform" by Morgan Stanley Dean Witter and rated "buy" in new coverage by BancBoston Robertson Stephens.
May 12, 2009 |
More than 6 million current and former customers of online brokerage TD Ameritrade Holding Corp. will be able to benefit from a class-action lawsuit filed over the theft of client contact information. Notice of a settlement agreement will be sent to people who used TD Ameritrade's services before mid-September 2007. As part of the proposed settlement, Ameritrade will pay nearly $1.9 million in legal fees and cover the cost of one year of anti-spam service for the victims.