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...year for unlimited trades and unlimited advice. Merrill's bigwigs are touting that plan as the best way to go, pointing out that you'll get more unbiased advice from a broker who doesn't work on a per-trade commission (and like most flat-fee programs, it's on average a good moneymaker for Merrill). But the $1,500 plan also goes right to the heart of Merrill's reluctance to get into the online business in the first place: their brokers. "Merrill is known for its brokers -- it's got a whole army of 15,000 of them...
...estimated to have earned as much as $70 million a year, essentially for stamping documents. Eldest child Tutut became the queen bee of the clan. At the peak of her power, according to sources close to the family, investors seeking to meet her first had to pay a "consulting fee" of up to $50,000 to her minions...
STEALING HOME Sharp entrepreneurs have made a business out of selling information about foreclosed homes, promising to provide tips on bargains for a "small fee." Save your money. Finding these distressed properties has become easier now that the Department of Housing and Urban Development is listing a wide selection of foreclosed homes on the Web www.hud.gov) You can search the site by state. Just be sure to inspect the home before making a bid, so you don't end up buying someone else's problem...
Nevertheless, Armstrong handed out some consolation prizes to keep his rivals from hatching new plots. AT&T made Comcast happy by selling the company 2 million cable subscribers at the relatively low cost of about $4,550 per subscriber. That was in addition to the $1.5 billion breakup fee Comcast collected to walk away from the deal. (Comcast's strengthened position may come in handy later as Exhibit A when AT&T has to prove to regulators that it has not rebuilt the old Ma Bell monopoly.) AT&T sold to Microsoft--a company whose Internet strategy is looking increasingly...
...night, was the date really worth making in the first place? I like to keep things simple. But not everyone appreciates my footloose approach to life. My roommate gives me the evil eye when I forget to call the cleaning lady, and I just got slapped with a $30 fee for paying my Visa bill a few days late...