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Charles Schwab Corp. launched the opening shot when it chopped commissions on online equity trades by about 30% to $8.95 from $12.95 a pop for individual investors, and, more importantly, streamlined the fee so that it applied across the board regardless of how frequently 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...
...million people, almost 850,000 workers are employed by the state, which means they receive 14 monthly paychecks instead of 12. Many enjoy a work day that runs from 7:30 a.m. to 2:30 p.m. "The state must change the mentality of the public employee," says one investor and economist, Timos Mellisaris, who calls Greece's public sector "the last communist frontier." Greeks like to point out that the state started to put on serious weight in the early 1980s when the current Prime Minister's father Andreas, who would dominate Greek politics for the next 15 years, first...
...Greece, along with Portugal, was likely to suffer a "slow death" as it uses more and more of its income to pay off debt. With the cost of that debt heading north, Greek banks could face further problems. "It's like they have a bomb in their hands," says investor Melissaris. "If rates keep climbing, it'll explode." (See the worst business deals...
...alleged ringleader of the group, who has been identified as Roland K, a 74-year-old former developer, testified in a Bavarian court this week that they didn't intend to kidnap the victim, identified as James A. He said he and his friend and fellow investor, 60-year-old Wilhelm D, met with the investment specialist in the town of Speyer in June 2009 for a "final chat" about getting their money back. But when they realized that their savings were gone for good, he said they became enraged. (See the top 10 crime stories...
More recently, the investor spotlight has been shining brightly on a new line of ETFs - ones that are actively managed. Firms ranging from Invesco to Pimco have launched about 12 of these funds over the past two years; others, such as T. Rowe Price Group and John Hancock Funds, are preparing to roll out similar funds, all in an effort to go head-on against actively managed mutual funds. "It's clearly a category that's attracting more interest among ETF providers and mutual-fund companies," says Standard & Poor's Tom Graves. "It combines the characteristics of a passive, index...