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U.S. Morning Call: Knights in shining armor read to rescue

Monday, August 06, 2012 - 02:10

A consortium of investors, including TD Ameritrade, are set to provide Knight Capital with a $400 mln lifeline, sources say.

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After a week of losses Knight capital grabs a lifeline. Here's your US morning call for Monday night capital sharing some good news or relatively good news this morning the trading firms signing and I 400 million dollar financing deal with Blackstone Group. Get go TD Ameritrade steeple Nicholas Jefferies Group and Stevens -- the consortium will purchase 2% convertible preferred stock and the arm. This will allow the market maker to keep its stores open following its trading to -- And provide some stability for its brokerage clients TD Ameritrade vanguard and talent Fidelity Investments. Shares of Knight capital trading down 27%. Premarket dropping to two and a half dollars. US stock futures are pointing to a mixed open today on Wall Street rallied to its highest level since early today on Friday after a stronger than expected US jobs report. European stocks also holding steady but we're treating them for a month highs as investors await the next steps in Europe every year on debt crisis. Never some stocks to watch Tyson Foods you post results before the bell. Investors are looking for some guidance on how the drought in the midwest may have impacted me prices. And Chesapeake Energy also set to report later today the company which is short on cash is under pressure from its largest shareholders. Including billionaire Carl Icahn. To report results that demonstrate that it's cutting spending and raising funds. English soccer club Manchester United kicks off its controversial IPO roadshow today. Diehard red devils fans have been kicking and screaming over the owners plan to shop their team around in New York. The owners of the US -- Glazer family's -- the team with hefty tax burden since acquiring club. That was successful launch could yield three times the blazers investment. 3.3 billion dollars at the top of the range but only half of the proceeds will go toward paying down debt. That's your morning call this Monday you can follow us on Twitter at Reuters Insider and -- -- used to chat at Reuters dot com slash Reuters TV. I'm Lisa Bernhard and this is Reuters.

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U.S. Morning Call: Knights in shining armor read to rescue

Monday, August 06, 2012 - 02:10