TOP 10 RIGHT NOW
Read it at BBC
The company that lost close to $440 million due to a software mishap may be close to a deal that would keep it afloat. Knight Capital is reportedly in talks with investors that would throw it a $400 million lifeline after the market maker endured a raft of undesired trades that went through because of a glitch in the company’s trading software. The investors, thought to include Blackstone Group, TD Ameritrade, Getco, and Stifel Nicolaus, will likely end up owning between 70 percent and 75 percent of Knight Capital when all is said and done.