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...firm that has been gaining market share in recent years, with its flat $9.99 fee. In 2009, TD Ameritrade's daily average revenue [producing] trades rose 17% while Schwab's fell 2%, said Michael Hecht, an analyst at JMP Securities, in a recent note. "We were the one shop that had simple, straightforward, transparent pricing - one price point for all clients and there's no gimmick to it," says Tomczyk. "Clients don't like it when think they have one price and wind up getting nickeled and dimed to death. We set a price point and that's what...

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

...make a real break with the past, the Greek state must also go global, say business executives and business analysts. Athens needs to lure foreign investors aggressively, which means offering everything from tax breaks to helping investors navigate the bureaucracy associated with setting up shop. "We must transform Greece into a welcome place to do business," says Eurobank's deputy CEO Nikolaos Karamouzis. The potential for future investment - in tourism and renewable energy in particular - is promising. Wind-energy generation alone is expected to increase fivefold in the next decade. "The new Greek government seems determined to push the 'green...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

...pedal. Last month Toyota issued a recall of 2.3 million vehicles (most of which were in the earlier group) because of a fault with the pedal mechanism itself. Toyota has told drivers to remove the mats; its fix for the sticky pedal requires a free half-hour shop repair. The DOT has urged owners of recalled models to use caution and get to a dealer. Still unknown: whether an electronic problem is also a culprit in sudden acceleration. Toyota says...

Author: /time Magazine | Title: Spotlight: Toyota's Recall | 2/15/2010 | See Source »

...decrepit Midwestern river town to relocate his business to when he saw Cairo on the map. "I grew up by the Ohio River," he says. "The more I read about the town's history, the more intrigued I got." Like the urban homesteaders who have set up shop in recent years in economically depressed areas of Detroit and Pittsburgh, Pa., Johnston came to Cairo in pursuit of dirt-cheap property and with an altruistic sense of purpose. "In all the cool places I've lived - Bloomington, Gainesville, Olympia - I felt like I could add to the community but not affect...

Author: /time Magazine | Title: Trying to Revitalize a Dying Small Town | 2/15/2010 | See Source »

...October, the group opened the Ace of Cups coffee shop and bookstore - the first new business to launch in Cairo in four years. The windows are adorned with posters, and on the door is a carefully scripted sign in black Sharpie that reads "We Are Not For-Profit." Inside, the brightly painted walls are lined with stacks of used books. Johnston had invited friends to come and work at the coffee shop in exchange for free rent but got few takers. "A lot of people shook on it and then backed out," he explains. "A friend of mine basically told...

Author: /time Magazine | Title: Trying to Revitalize a Dying Small Town | 2/15/2010 | See Source »

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