Shares of E*Trade plummeted more than 50 percent Monday after the online stock brokerage firm backed down from previously announced profit targets, said it would be forced to take more write-downs due to its exposure to the subprime mortgage industry and disclosed it was being investigated by the Securities and Exchange Commission.
Gap Inc. good for patient investors-analyst
CHICAGO (MarketWatch) - Gap Inc. investors with a strong sense of fortitude will be rewarded in due time, a Bank of America analyst said Monday as she upgraded the stock to a buy.
Hot rumors of Microsoft-Yahoo! merger, then cold splash of reality
Rumors of a Microsoft-Yahoo! merger led to some frenzied stock trading before the speculation was doused. Analysts, meanwhile, debate the pros and cons of a partnership.
NEW YORK -- The NYSE's iconic trading floor, the emblem of capitalism at work, is hurtling toward an uncharted future as the exchange embraces an electronic age. Link to original article
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