Word: cutting
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Fidelity fired a salvo two weeks later, when it cut trade commissions to a flat fee of $7.95 from previous rates that ranged from $8 to $19.95 depending on trading volume and asset size. E*Trade, best known for its popular talking baby ads, joined the battle in early February when it trimmed equity-trading fees for low-volume investors to $9.99 from $12.99, although it still maintained a premium deal of $7.99 per trade for higher-volume customers. Scottrade stayed put, as it already offers flat $7 trading fees. (See the top 10 worst corporate name changes...
History has shown pricing can make a significant difference. In the 2004 price war, Schwab gained 5 percentage points of market share when it cut trading fees to $19.95 from...
...trials, which could last years, would have cost as much as $1 billion in security in the city's financial district. The Justice Department is now considering other locations, such as military bases and prison complexes. Meanwhile, several U.S. Senators announced Feb. 2 that they would move to cut off funding for the federal trials unless the Obama Administration tries the suspects in military court...
Members of this new miniwave of moderate Republicans support national defense, are eager to cut other federal spending and are hostile to Democratic attempts to reregulate the economy. But these newcomers also understand that the health care status quo is unsustainable. They seek a middle way on abortion and gay rights. They want to protect the environment. And they eschew the inflammatory rhetoric of the tea parties and town halls. We don't even have a name for this kind of Republican. In the 1980s, we called them Gypsy Moths, after a pest prevalent in the Northeast. But this...
...into a U.S. account with the help of an American lobbyist. Similarly, the ex-wife of former Nigerian Vice President Atiku Abubakar is alleged to have helped shift $40 million into U.S. banks via offshore corporate accounts. These and other cases in the report suggest that U.S. efforts to cut off the flow of tainted funds still have a long way to go. "It's a long-standing goal of ours to try to see if we can keep corrupt money out of this country so we don't aid and abet people who pay this money," Levin said during...