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BUSINESS BRIEFS/IN BRIEF.(TO THE POINT)
MARKETS
ETFs post biggest monthly inflow
Exchange-traded funds saw their largest monthly inflow in Nov. since their '93 launch, according to data from the Investment Company Institute. ETFs resemble mutual funds, but trade on an exchange like stocks. ETF assets rose 10.5% to $288.95 bil for the month, more than half of which was attributed to new shares. A separate report from Barclays Global Investors, the No. 1 ETF provider, found ETF demand is also rising strongly overseas.
IN BRIEF
Ameritrade shareholders approved the $2.9 bil buyout of TD Waterhouse's U.S. securities business. It will pay its shareholders a $6 per share special dividend as part of the deal, which should close Jan. 24. Shares rose 2% to 25.06.
Boyd Gaming will raze the Stardust casino on the Las Vegas Strip ...
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