CHARLES SCHWAB WILL REPORTEDLY ACQUIRE TD AMERITRADE FOR $26 BILLION

Reuters Charles-schwab/' title='Charles Schwab News'>Charles Schwab will acquire rival brokerage TD AmeriTrade and the deal could be announced as soon as this morning, FOX Business reported Thursday. The purchase will ring in at roughly $26 billion and allow Schwab to better compete with Fidelity, Interactive Brokers and E*Trade. TD Ameritrade surged as much as 27% early Thursday. Schwab jumped as much as 12%.  All major brokerages slashed trading fees between late September and ...

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Charles Schwab PhotoCharles Schwab: The Charles Schwab Corporation is an American brokerage and banking company, based in San Francisco, California. It was founded in 1971 by Charles R. "Chuck" Schwab, as a traditional, brick and mortar brokerage firm and investment newsletter publisher. In 1973, the company name changed from First Co
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Charles: Charles is a masculine given name, the English and French form of a Germanic name first recorded in the Anglo-Saxon period as Cearl or Ceorl, as the name of king Cearl of Mercia.
Thursday: Thursday is the fourth or fifth day of the week, between Wednesday and Friday. According to the ISO 8601 international standard adopted in most western countries, it is the fourth day of the week. In countries that use the Sunday-first convention, Thursday is defined as the fifth day of the week. I
Business: A business is an organization involved in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to provide service to customers for profit. Businesses may also be not-for-profit or state-owned.
Trade: Trade also called goods exchange economy is the transfer of ownership of goods from one person or entity to another by getting something in exchange from the buyer. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The orig
September: September is the ninth month of the year in the Julian and Gregorian Calendars and one of four months with a length of 30 days.
October: October is the tenth month of the year in the Julian and Gregorian Calendars and one of seven months with a length of 31 days. The eighth month in the old Roman calendar, October retained its name after January and February were inserted into the calendar that had originally been created by the Ro