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...Ameritrade's Tomczyk is keeping his commission plans close to the vest. "We will definitely be monitoring this," he says. "We don't like losing, and if we need to respond, we'll respond." Tomczyk adds that his firm would even take some hits to profits to hold the line. "It's about growth in the long term and being competitive first and foremost," he says. "If that means your profits get squeezed [in the short term], your profits get squeezed." (See the worst business deals...
...announced in January, for example, will reduce revenue by $15 million to $20 million in the first quarter, and cut earnings by about 4 cents a share, or about 6%, in full year 2010, according to Richard Repetto, an analyst at Sandler O'Neill. Repetto estimates the company would need to see a 30% increase in daily average revenue trades to offset the lower pricing...
...home, Obama evidently feels a lot friendlier. Speaking at a job-training center in Lanham, Md., the President announced more than $8 billion in federal loan guarantees for the construction of the first nuclear power plants in the U.S. in more than 30 years. "To meet our growing energy needs and prevent the worst consequences of climate change, we'll need to increase our supply of nuclear power," said Obama. "It's that simple." (See pictures of the effects of global warming...
Obama's decision wasn't surprising - in his State of the Union speech, he dedicated prime space to hyping nuclear power - and on Tuesday, Feb. 16, he reiterated the need for a "new generation of safe, clean nuclear power plants in America." His proposed budget, released at the start of the month, would triple existing loan guarantees for new nuclear plants. While Obama has still done more to promote renewable energy than did any President before him, environmentalists are increasingly worried that greener sources like solar and wind are being downplayed in favor of nuclear, clean coal and biofuels...
...binding expression of “condolences and solidarity.” (During those eight days, they named four post offices.) The high-minded Congressional statement likely offered little solace to Haitians trapped beneath rubble and distracted from governmental efforts to bring tangible benefits to those in need...