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By Stephanie Ruhle, Zachary R. Mider and Nina Mehta, Bloomberg |
December 19, 2012
Knight Capital Group Inc.’s decision to pursue a takeover by Getco LLC gives its shareholders, mostly Wall Street firms, an opportunity for stock appreciation while surrendering the certainty of cash.
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By Nina Mehta and Stephanie Ruhle, Bloomberg |
November 29, 2012
Knight Capital Group Inc. capped its biggest rally in nine years after getting takeover offers from Getco LLC and Virtu Financial LLC, setting up a bidding war that may end its 17-year history as an independent company.
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By David Wethe, Bloomberg |
October 15, 2012
The U.S. shale boom is turning into a bust for companies that provide drilling services as the number of rigs seeking natural gas has fallen faster than any time in the last 24 years.
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By Stephanie Ruhle, Christine Harper and Nina Mehta, Bloomberg |
August 14, 2012
Knight Capital Group Inc.’s $440 million trading loss stemmed from an old set of computer software that was inadvertently reactivated when a new program was installed.
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By Inyoung Hwang and Stephanie Ruhle, Bloomberg |
August 8, 2012
Knight Capital Group Inc. Chief Executive Officer Thomas Joyce estimated last week’s trading loss will be $270 million after taxes and told clients the firm is “in good standing” with clearinghouses.
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By Nina Mehta and Whitney Kisling, Bloomberg |
August 6, 2012
NYSE Euronext temporarily assigned responsibility for 680 stocks that Knight Capital Group Inc. handles as a primary market maker to Getco LLC so the broker could focus on shoring up its finances.
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By Cristina Alesci, Whitney Kisling and Nina Mehta, Bloomberg |
August 6, 2012
Knight Capital Group Inc. received a $400 million cash infusion through the sale of convertible securities after trading losses spurred by a software failure drove the market maker to the brink of bankruptcy.
