Word: broker
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...independent video-rental dealers, who fear they lack the clout to make deals as beneficial as Blockbuster's. "We're at a disadvantage," says John Heim, owner of five video stores in Lakewood, Colo. He says he must pay 55% of revenue to a studio or a third-party broker and that the Blockbuster advantage (he competes with one two miles away) has hurt his business...
...next couple of years. For some firms, the Net has become an essential competitive advantage. Dell, which sells $5 million worth of computers a day on its website, claims that the efficiencies of Web-based sales give it a 6% profit advantage over its competitors. Discount-mortgage broker American Finance and Investment, which conducts 60% of its business online, was profitable 90 days after plugging into the Net. And Eddie Bauer, the outdoor-clothing retailer, has an online operation that has been profitable since 1997 and is growing at 300% to 500% a year. The Net, says Judy Neuman...
...supposed to be the personal finance and investing version of ESPN Sportzone or CBS Sportsline -- a central hub with monster traffic that's worth money to other marketers. This suddenly seems workable, especially if Softbank's even bigger web investments throw traffic to E*Trade. In related online broker news, Charles Schwab -- the largest service with 1.8 million web accounts -- has unveiled a new site design...
...Holbrooke got President Milosevic to hold back on his offensive last week in the hope that the U.S. could broker a deal with the KLA. "But in the end, Holbrooke could offer Milosevic nothing from the KLA," says Waller. "Right now, the U.S. can't even find the organization's leader...
...clearance sale in the stock market, like the one that knocked the Dow down 207 points last Monday. But there you have to inspect the goods especially closely. Stocks aren't vacuum cleaners; if they break when you get home, you can't take them back to your broker for a refund...