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Knight confirms rescue; firm's shares tumble in early trading
Los Angeles Times Knight Capital Group confirmed it entered into a $ 400 million deal to rescue the struggling brokerage after a trading software glitch last week left it on the verge of collapse. In a filing Monday with the US Securities and Exchange Commission, … Knight Gets $ 400 Million Lifeline For Knight Capital, Survival Doesn't Come Cheap Knight Capital gets $ 400M financing to stay in business |