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...squeeze is already on at some firms. Schwab's lower commission 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...

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

More important, these bulk customers don't use wholesalers to source generic products, which are expected to replace 80% of the revenue from brand-name drugs by 2015. "Generics mean slow top-line growth but are ultimately much more profitable for wholesalers," says Richard Close, an analyst for Jefferies & Co. "By focusing on the big chains, Cardinal had basically ceded generics to McKesson and AmerisourceBergen...

Author: /time Magazine | Title: Prescription for a Turnaround | 2/15/2010 | See Source »

Conservatism's achievement was matched by an equally epic failure: the implosion of the GOP moderates. The GOP endorsed the Equal Rights Amendment in every one of its party platforms from 1940 through '76. From 1970 to '74, Richard Nixon signed more environmental legislation than any other President in U.S. history. In '74, Nixon advanced a proposal for universal health coverage - decades before those offered by Bill Clinton and Barack Obama. (See TIME's 2008 Person of the Year: Barack Obama...

Author: /time Magazine | Title: Republicans Must Embrace the Vital Center | 2/15/2010 | See Source »

...five-year Roybal Center grant from the NIA—a part of the National Institutes of Health—seeks to help society acclimatize to an aging population, according to Richard M. Suzman ’64, director of the NIA’s Division of Behavioral and Social Research, which funds the Roybal Centers. Christakis and Laibson will lead two of the four newly designated Centers...

Author: By Nadia L. Farjood, CONTRIBUTING WRITER | Title: Professors Win Grants To Promote Quality of Life | 2/12/2010 | See Source »

...current study built upon work performed over the past decade by Boston University professor Richard B. Primack ’72 and Abraham J. Miller-Rushing of the USA National Phenology Network and the Wildlife Society. The pair hunted for botanical records from Concord’s past to track changes in plant traits over the last 150 years—and fortunately, eastern Massachusetts proved to be “a treasure trove of historical records,” Primack said...

Author: By Julie R. Barzilay, CRIMSON STAFF WRITER | Title: Plant Species Invade Walden Pond | 2/12/2010 | See Source »

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