Investors experienced problems accessing their online stock accounts and completing trades through TD Ameritrade, USA Today reports.» Read More
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Big Blue saves the day for stocks, oil hits a new record, Google stumbles and more of the day's news in the Word on the Street.
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TD Ameritrade Holding said Thursday its first-quarter profit rose 65 percent, as trading activity and client assets rose, prompting the brokerage to boost its 2008 profit forecast despite signs the U.S. economy is weakening.
U.S. discount brokerage TD Ameritrade raised its outlook for first-quarter earnings, and said average daily trades per client rose to their highest ever level in November.
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.
Stocks closed higher in a shortened session as the kickoff to the holiday shopping season lifted retail stocks, while signs of progress in a plan to relieve credit market strain helped major banking stocks.
E-Trade Financial, the beleaguered online trader, is in talks to sell itself, according to people familiar with the situation. Bankers say that while there is plenty of interest, it is far from clear whether anything will get done.
Stocks ended broadly higher amid continued strength in the tech sector, which gained following Research in Motion's deal to distribute BlackBerry smartphones in China, along with strong earnings reported by Apple.
U.S. discount brokerage TD Ameritrade Holding Corp posted a higher quarterly profit Tuesday as client assets grew and the summer's stock market volatility led to increased trading activity among clients.
Online brokerage TD Ameritrade Holding said Friday one of its databases was hacked and contact information for its more than 6.3 million customers was stolen.