NYSE: More Brokerages Can Register as Market Makers
The New York Stock Exchange (NYX) plans to let more brokers become market markers, providing a new category of competitor for firms such as Barclays Plc (BARC) and Getco LLC that oversee trading in shares at the Big Board. The exchange proposed creating supplemental liquidity providers that would operate as registered market makers and get more lenient treatment for short sales, according to a fi...
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EHealth-Led Insurance Brokers Seek $4 Billion Medical Market
EHealth Inc. (EHTH) and an array of online insurance brokers are eying a possible $4 billion-a-year market, after the Obama administration's surprise decision to let them sell government-subsidized coverage under the health overhaul. If the 2010 health-care law survives a Supreme Court review, private brokers can offer the plans starting in 2014, via websites that let consumers compare covera...
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JPMorgan Earnings Beat Estimates on Mortgage Gains
JPMorgan Chase & Co. (JPM) reported a 3.1 percent drop in earnings, a smaller decline than analysts estimated as mortgage revenue surged and trading almost doubled from the fourth quarter. First-quarter net income fell to $5.38 billion, or $1.31 a share, from a record $5.56 billion, or $1.28, in the same period a year earlier when there were more shares outstanding, the New York-based company sai...
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Fink Says Savers Need to Become Investors
BlackRock Inc. (BLK)'s Laurence D. Fink said savers need to become more aggressive investors as returns on bank accounts and Treasuries shrink and people grow older. The traditional mix of putting 60 percent of assets in stocks and 40 percent in bonds is inadequate in a "new world" characterized by an aging population, a reduction in borrowing and risk-taking by individuals and gove...
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A Three-Cent Aspirin a Day May Keep Cancer at Bay
Jonathan NourokStoneGetty Images Aspirin, the 3-cent painkiller whose origins can be traced to Hippocrates, reduces the chances of developing or dying from cancer earlier than previously thought and also prevents tumors from spreading, studies showed. People who took a daily low dose of aspirin had a 24 percent lower rate of developing cancer after three years, according to a study in The Lancet ...
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