TD Ameritrade CEO says industry talks ongoing
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TD Ameritrade Holding Corp.  has been talking to rival online brokers about potential deals, its CEO said the day after the company disclosed that two hedge funds had pushed it to pursue a merger.
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BOSTON -- Bank of America chief executive Ken Lewis will continue meeting with local officials this week who question whether the bank broke commitments by ordering job cuts in its acquisition of FleetBoston.
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Nasdaq Stock Market Inc.'s   chief executive told investors on Friday that expanding  overseas could make sense, but refused to comment on questions  about its strategy toward the London Stock Exchange .
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By Crayton Harrison, The Dallas Morning News  Dec. 16--Dell Inc. is awaiting a panel's decision on whether its stock will continue to be listed on the Nasdaq stock market, the company said Friday.
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Democratic leaders are still pushing for more time to work out a compromise on legal immunity for telephone companies, but the president says he won't accept more delays.
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Canada&#39;s Toronto Dominion Bank (TD.TO: Quote, Profile, Research) said on Wednesday that it is in talks with US-based Banknorth Group (BNK.
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Ameritrade Holding Corp., an Internet brokerage providing investment services to individuals and institutional distribution partners, on Friday reported 145,000 average client trades a day in October.
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Does TD AMERITRADE thrive at E*Trade's expense?
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The current turmoil on financial markets will persist for a while longer but the overall global economy remains healthy, US Treasury Secretary Henry Paulson said here Monday.
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TORONTO - The hearing into insider trading allegations leveled against the chairman of ATI Technologies has been pushed back until March 29.
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The telecommunications company is said to be in negotiations, in what may be the latest round of deal making in its industry.
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Talks between General Electric Co.  and Pearson Plc  about challenging News Corp.'s $5 billion bid for Dow Jones & Co.  are ongoing, but it was unclear whether they would lead to an
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A CEO says the NHL lockout shows how investors should "recognize opportunities for what they are."
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(InfoWorld) - The head of the world's largest contract chip maker said his industry will have trouble maintaining sales and profit growth in the future because the overall chip industry has slowed down and there's a lot more competition. Taiwan Semiconductor Manufacturing Co. (TSMC) plans to expand to new markets and find new work in product areas such as chips for mobile phones, digital cameras, and other consumer electronics devices in order to meet these challenges, said Morris Chang, the chairman of TSMC, at the International Solid-State Circuits Conference in San Francisco on Monday. The company released information from his speech. Overall revenue growth in the chip industry has slowed to around 6 percent per year between 2000 and 2010, from 16 percent each year prior to 2000, he said. At the same time, more new rivals have entered the contract chip making business. His company will have to find new ways to grow despite these challenges, he said. "Growth opportunities exist in cell-phone applications, game systems, digital TV, LCD displays, power management, MP3 devices, and digital cameras," a paper Chang submitted to the conference reads. Developing closer relationships with the chip design companies that create chips for these kinds of products will be a key strategy for TSMC in the future. TSMC manufactures chips that are designed by other companies, a business model it pioneered. Prior to the Taiwanese company's founding, small chip design firms had to ask Intel, Motorola, and other big chip makers to make their chips, and these companies would only comply if their factories weren't being fully used already. Most small companies didn't have enough money to set up their own chip factory because the high tech plants used to cost around $1 billion each. Now, a new one can cost $3.5 billion. TSMC stepped in to fill the gap, and the result has been the steady growth of chip design companies that never build their own factories. They rely on TSMC or other foundry chip makers, including Taiwan's United Microelectronics Corp. (UMC), to manufacture their chips. Mobile phone chip developer Qualcomm and graphics chip designer Nvidia are two examples of companies that have been wildly successful, despite not owning their own factories. They farm out production to foundries such as TSMC and UMC. The success of TSMC and UMC has caused a number of new competitors to enter the chip foundry business. IBM, Samsung Semiconductor, and China's Semiconductor Manufacturing International Corp. (SMIC)Â are all examples of latecomers to the foundry business. These new rivals have been able to survive, and in some cases thrive. "The growth of the industry has attracted many companies to offer foundry services. Consequently, competition between these companies increases the potential for commoditization of foundry services," according to Chang's report. He goes on to say that going forward, the best defense for TSMC will be to engage with chip design customers far earlier in the developing stage of their products, and to offer a wider range of production services. TSMC and UMC hold around a 75 percent share of the global chip foundry business, according to investment banking firm Merrill Lynch & Co. Last week, TSMC said itÂ opened its first office Bangalore, India, to find new customers and help existing ones complete their chip designs faster and bring products more quickly to market. Â
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New York Stock Exchange (NYSE) Chief Executive John Thain said on Friday that the exchange had not decided whether to change its hours but that an 8:30 a.m. EST opening would be a "good guess" if it did.
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The PeopleSoft director who has been leading the defense of the software company's anti-takeover measures said Tuesday the company's board is willing to talk about a deal with rival Oracle.
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Dell Inc.  will keep the  direct-sales focus that turned it into one of the world&#39;s top  computer makers, even as it moves into the retail market, its  chief executive said on Wednesday.