Investment Banking & Brokerage

Two co-founders of Marvell Technology Group (NASDAQ: MRVL) are suing Goldman Sachs (NYSE: GS), alleging that the bank finagled them into selling company shares in order to cover a margin loan. “Goldman forced its clients to unnecessarily liquidate their holdings through forced margin calls, only...

Goldman (NYSE: GS) closes long copper, long platinum recommendations.

A Dow Theory Buy Signal Bullish Market Sentiment Continues Advance* Goldman Sachs upgrades China   Last week the US stock markets went basically nowhere in very choppy below average and low-volume trade. The recent “overboughtness” burned off...

Best 1) Global Crossing (NASDAQ: GLBC): Vaulting 74.19% to $25.78 after Level 3 Communications (NASDAQ: LVLT) announced that it will acquire the company in an all-stock purchase (16 shares of Level 3 common stock for each share of Global Crossing common or preferred). 2) American Medical Systems...

TradeStation Group, Inc. (Nasdaq: TRAD) today announced the launch, through its new subsidiary, TradeStation Forex, Inc., a CFTC-registered, NFA-member Retail Foreign Exchange Dealer, of a brand-new, state-of-the-art retail forex offering. Starting today, TradeStation Forex, using what is commonly...

KBW has a $24 price target on shares of TD Ameritrade Holding Corp. (NASDAQ: AMTD). In a note to investors, KBW writes, "Among the risks to our price target, a general decline in retail investing reverting to lower levels and further deterioration in the company's business outlook may adversely...

J.P. Morgan announced a reduction in its 2011 EPS estimate from $1.05 to $1.02 based upon tapering volumes toward the end of the quarter but maintain a Neutral rating on Investment Technology Group (NYSE: ITG). In the report, J.P. Morgan writes, “We had expected March volumes to decline after a...

Below are the top small-cap investment brokerage-regional stocks on the NYSE, the NASDAQ and the AMEX in terms of cash. Knight Capital Group Inc (NYSE: KCG) had $3.34 billion in total cash and $1.36 billion in total debt for the latest quarter. SWS Group Inc (NYSE: SWS) had $2.53 billion in total...

Goldman Sachs (NYSE: GS) seeks information on multibillion-dollar claims. Lehman is barring creditors from 'crucial' details, Goldman says.

Leucadia National Corporation (NYSE: LUK) announced today that it has agreed to purchase $125 million of the common stock of Jefferies Group, Inc. (NYSE: JEF) as part of a $500 million common stock offering announced by Jefferies on April 7, 2011. Immediately prior to this offering, Leucadia owned...

Leucadia National Corporation (NYSE: LUK) announced today that it has agreed to purchase $125 million of the common stock of Jefferies Group, Inc. (NYSE: JEF) as part of a $500 million common stock offering announced by Jefferies on April 7, 2011. Immediately prior to this offering, Leucadia...

Jefferies Group, Inc. (NYSE: JEF) announced today that it is commencing an underwritten public offering the Corporation's senior notes. The offering is being underwritten by Jefferies & Company, Inc., the broker-dealer subsidiary of Jefferies Group, Inc.

Jefferies Group, Inc. (NYSE: JEF) today announced that its underwritten public offering of common stock was priced at $24.25 per share. The offering included a total of 20,618,557 shares of Jefferies' common stock with net proceeds of $490,000,007.

Investment Tech (NYSE: ITG) March US Trading Volume Average 178M Shares.

Investment Technology Group, Inc. (NYSE: ITG) today announced that March 2011 US trading volume was 4.1 billion shares and average daily volume (ADV) was 178 million shares. This compares to 3.6 billion shares and ADV of 187 million shares in February 2011 and 3.7 billion shares and ADV of 162...