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Well, not quite all-out. The big holdout on price cuts is TD Ameritrade. But industry watchers say they'll be the next to act. "I think a move is imminent for TD Ameritrade," says David Lo, director of investment services at J.D. Power & Associates. "[Their trading fees] are higher than everyone else so they almost have to do something." (See the best business deals...

Author: /time Magazine | Title: Brokers Wage a Price War on Commissions | 2/16/2010 | See Source »

...someone trades, how many assets the investor holds, or how many shares a person buys. In the past, customers with more than $1 million in assets and those who completed more than 120 trades a year got the lower rate, while less wealthy, less active clients were hit with higher fees. Also, under the new rules, anyone trading blocks of more than 1,000 shares will no longer be hit with additional fees...

Author: /time Magazine | Title: Brokers Wage a Price War on Commissions | 2/16/2010 | See Source »

...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...

Author: /time Magazine | Title: Brokers Wage a Price War on Commissions | 2/16/2010 | See Source »

...some environmentalists point out that there's a reason no American nuclear plants have been built in more than three decades: the projects tend to be hit with construction delays, and the Congressional Budget Office (CBO) estimates that the risk of default on a new nuclear plant is higher than 50%. In a conference call with reporters, Energy Secretary Steven Chu seemed unaware of the CBO report, although he downplayed the fiscal risk. "Even Wall Street traders say these reactors are too risky to invest in," said Schreiber...

Author: /time Magazine | Title: The Green Politics Behind Nuclear Power | 2/16/2010 | See Source »

...resolution “recognizing the goals of Catholic Schools Week,” one declaring January 2010 (which ended two days earlier) to be “National Stalking Awareness Month,” and one congratulating “Brescia University for 60 years of leadership in higher education...

Author: By Jack A. Holkeboer | Title: Less Talk, More Action | 2/16/2010 | See Source »

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