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E-Trade, Virgin Galactic, Zillow, Domino’s

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Pedestrians walk outside an E*Trade Financial office in New York, U.S.

Daniel Acker | Bloomberg | Getty Images

Check out the companies making headlines in midday trading on Thursday:

E-Trade, Morgan Stanley — Shares of E-Trade surged 21.8% after Morgan Stanley said it will acquire the brokerage for $13 billion. The investment bank will pay $58.74 a share in stock for E-Trade in a deal bringing together $3.1 trillion in client assets. Morgan Stanley shares fell 4.6% on the proposed purchase, the biggest takeover by a U.S. bank since the financial crisis.

Virgin Galactic — Shares of the space tourism slipped 0.2% after a wild day of trading, with heavy volume seeing the stock swing up as…



Source cnbc.com

Here’s why Morgan Stanley is spending $13 billion to buy E-Trade

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