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....
NEWS.com.au | Business | Markets
ONE of America's biggest hedge funds, Citadel, has agreed to pump $US2.5 billion ($2.8 billion) into the troubled online brokerage ETrade to help shore up its ailing balance sheet, the firms announced.
FT.com - Lex
In riding to the rescue of E-Trade, Citadel Investment has trampled the troubled brokerage's existing shareholders
Reuters: Business News
NEW YORK (Reuters) - E*Trade Financial Corp is getting a $2.55 billion cash infusion from investors led by Citadel Investment Group, which is also buying the mortgage-related securities portfolio that has been the source of most of the discount brokerage's recent woes.
WSJ.com: What's News US
E*Trade Financial is getting a $2.5 billion cash infusion from hedge fund Citadel Investment. Mitch Caplan is stepping down as CEO of the discount brokerage firm, which has been ensnared by the mortgage crisis.
MarketWatch.com - Top Stories
NEW YORK (MarketWatch) -- Shares of most financial stocks retreated Thursday, led by the brokerage sector, which saw strong gains in the previous session.
rte.ie -- Business
Hedge funds Citadel has agreed to pump $2.5 billion into the troubled online brokerage ETrade.
ChicagoBusiness.com -- Breaking News
(Reuters) -- Online brokerage E*Trade Financial Corp., which has been pounded by credit woes in the mortgage business, said on Thursday that it was getting a $2.55 billion cash infusion from investors led by Citadel Investment Group. E*Trade shares, which lost about 80 percent of their value ...
washingtonpost.com - industries
NEW YORK (Reuters) - Online brokerage E*Trade Financial Corp (ETFC.O), which has been pounded by credit woes in the mortgage business, said on Thursday that it was getting a $2.55 billion cash infusion from investors led by Citadel Investment Group.
chicagotribune.com - Business
E-Trade Financial Corp. said Thursday Mitchell H. Caplan has stepped down as chief executive as the troubled discount brokerage announced a $2.5 billion cash infusion from affiliates of Citadel Investment Group.
NYT > DealBook
E*Trade Financial, the troubled Internet bank and brokerage, said Thursday it secured a $2.55 billion cash infusion from a group led by hedge-fund firm Citadel Investment Group. Funds managed by BlackRock will also contribute to the infusion, which E*Trade said will shore up its balance sheet and help restore customers’ confidence after it took big [...]
Newsvine - business - Wire
E-Trade Financial Corp. said Thursday Mitchell H. Caplan has stepped down as chief executive as the troubled discount brokerage announced a $2.5 billion cash infusion from affiliates of Citadel Investment Group.
NYT > World Business
The brokerage firm Terra Securities said it would file for bankruptcy protection because of accusations it made four remote towns victims of subprime problems in the United States.