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E*TRADE FINANCIAL Announces Results of Debt Exchange Offer Early Tender Period and Consent Solicitation // 07-03-2009
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) announced results of the Early Tender Period of its previously announced debt exchange offer (the \"Exchange Offer\") to exchange more than $1 billion of newly-issued zero coupon Convertible Debentures due 2019 (the \"Debentures\") for all of its 8% Senior Notes due 2011 (the \"2011 Notes\") and a portion of its 12.5% Springing Lien Notes due 2017 (the \"2017 Notes\", and together with the 2011 Notes, the \"Notes\"). Assuming the Exchange Offer is completed, the Debentures issued in exchange for any Notes tendered during the period that ended at midnight, New York City time, on July 1, 2009 (the \"Early Tender Period\"), will be Class A Debentures and have a conversion price of $1.0340 per share. In connection with the Exchange Offer, the Company also announced that during the Early Tender Period it obtained consents (the \"Consents\") required to amend and waive certain provisions of the indentures governing the Notes.
Charles Schwab Study Finds 9.5 Million Retirees Hope to Re-Enter Workforce // 07-03-2009
June was another difficult month for American workers with a net loss of 467,000 jobs, compared with 322,000 in May. June represents the first time in the past four months that the number of jobs lost rose from the previous month. Despite diminishing employment opportunities and an economy threatening job security, new research by Charles Schwab & Co., Inc shows that as many as 9.5 million retired Americans are considering at least a partial return to the workforce and 32 percent of those currently employed expect to hold their job and delay retirement.
Scottrade Customer Education Workshop Visits the Emerald City // 07-02-2009
Online investment firm helps Seattle investors make betteròÀÓinformed investment decisions through User Summit
E*TRADE FINANCIAL Announces Progress of Debt Exchange Offer Early Tender Period and Consent Solicitation // 07-02-2009
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) announced the progress of its previously announced debt exchange offer (the \"Exchange Offer\") to exchange more than $1 billion of newly-issued zero coupon Convertible Debentures due 2019 (the \"Debentures\") for all of its 8% Senior Notes due 2011 (the \"2011 Notes\") and a portion of its 12.5% Springing Lien Notes due 2017 (the \"2017 Notes\", and together with the 2011 Notes, the \"Notes\"). Assuming the Exchange Offer is completed, the Debentures issued in exchange for any Notes tendered during the period ending at midnight, New York City time, on July 1, 2009 (the \"Early Tender Period\"), will be Class A Debentures and have a conversion price of $1.0340 per share. In connection with the Exchange Offer, the Company is also soliciting consents (the \"Consents\") to amendments and waivers of certain provisions of the indentures governing the Notes during the Early Tender Period, unless extended.
Schwab Announces Pricing, Service and Technology Initiatives to Boost Independent Advisor Growth and Efficiency // 07-02-2009
At a gathering of some of the nation’s largest independent investment advisors, Charles Schwab today unveiled a series of new initiatives designed to help them fuel their growth and add scale by managing costs and improving their efficiency.
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