Word: broker
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...year-old exchange is essentially that of corporate hall monitor. Public companies can list their stocks anywhere, but 2,800 of them choose to do so with the N.Y.S.E., which maintains an old-fashioned trading floor for the purpose. (Trading is electronic at the NASDAQ.) The broker-dealers who make trades are members of the exchange, and Grasso enforces the rules they must follow to keep their spots. Recent complaints from investors have prompted a wide investigation into profiteering by floor traders. Similarly, the public companies whose stocks they trade have to meet certain standards, in market value and governance...
...individuals, overweight Americans shoulder numerous expenses beyond higher medical bills. In general, life-insurance premiums rise in proportion to your girth, even if you are otherwise in perfect health. Says Bill Simons, an independent insurance broker in Washington: "It could easily be double, triple or up to five times the normal premium...
...looking into Ryanair's deal with another airport, Belgium's Charleroi. Says O'Leary: "It'll either mean there's a future for low-cost airlines or it will shut [us] all down." Online Trading Like It's 1999 You might have thought that online stock brokers had disappeared along with the Furby. But surprise: the rebounding stock market is lifting the online brokerage boats into real profits. Says Angus Rigby, vice president of U.K. online broker, TD Waterhouse: "We've learned which costs to cut, and now an uptick in [trading] volume means a surge in profits." Talk about...
...locked out. Lenders stop accepting lock-in guarantees while they are changing rates. And lately mortgage companies that typically update rates once a day have been adjusting them several times daily. "You quote people a rate, and by the time you can lock it in, it's expired," says broker James Fresella of Apollo Financial Services in Riverdale, N.J. "That's the trauma people have to face...
...Archbishop cannot talk the American church out of a done deal, but he may be able to broker a peace plan. Anglicans officially declared homosexuality to be "incompatible with Scripture" at their most recent Lambeth Conference--a once-a-decade meeting of the world's Anglican bishops--in 1998. Still, dioceses have traditionally been granted generous latitude in deciding their local practices. Archbishop Williams announced last Friday an emergency meeting of the 38 primates from around the world to consider the actions of the U.S. church. "I hope," he said in an official statement, "we will find that there...