USNews.com -- Headlines from the Associated Press
NEW YORK (AP) -- E-Trade Financial Corp., which flirted with collapse amid the growing mortgage crisis, said Thursday it is getting a $2.55 billion cash infusion from Citadel Investment Group in a bid to revive the battered discount brokerage....
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With investment banks forced to write down some $80 billion of losses amid a growing credit crisis, more top executives are getting the ax as Wall Street moves to shore up its damaged image.
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Investors are deserting property funds amid poor returns and forecasts of a looming market slump