Online brokers face crashes as online trading booms
Ed Ellks of Warren Ohio plans to close his Ameritrade account after months of delays in online trades. Investors embrace cheap commissions despite periodic system crashes and delays that have drawn investigations and lawsuits. Industry officials warn the risks could grow if Internet stocks turn bearish. Trades in early 1999 averaged about 450,000 per day, up more than 30 percent for two quarters.
MENTIONED IN THIS ARTICLE
New York
Ed Ellks
Ellks
Warren
Ohio
Ameritrade
Eliks
Credit Suisse First Boston
Disaster plan key Know cost of living
A financial expert urges preparation for income downturns citing a rise in living costs and the need to track expenses. It recommends building a safety cushion through saving and insurance, analyzing fixed overhead, and planning how to trim nonessential costs if earnings drop.
MENTIONED IN THIS ARTICLE
Larry Schneider
Disability Insurance Resource Center
Reston
Strong Funds
From kitchen table to catalog giant Cabela's rise
Dick Cabela built a small home business into a national outdoor sporting goods cataloger based in Sidney Nebraska. By 1963 mimeographed sheets grew into catalogs, shipments to 50 states and 120 countries. today Cabela's posts about 420 million in mail order and Internet sales and operates an ESPN show.
MENTIONED IN THIS ARTICLE
Cabela’s
Nebraska
Sidney
ESPN
Cabela
Mary
Chicago
Cabelas
Chappell
Cabe
Neb
Steep Co creates chic loose leaf teas in a no frills shop
Glastonbury Connecticut based Steep Co markets Stoopid Love and 23 other gourmet teas to cafes and restaurants nationwide. CEO Jeff Piazza, 81, started the business in 1995 after leaving an insurance program and building a hip tea brand aimed at young coffeehouse customers.
MENTIONED IN THIS ARTICLE
Glastonbury, Conn
Steep Co
Connecticut
Jeff Piazza
Steep
MTV
Manhattan
Village Travel
Piazza
Wesleyan University
New York
School of Visual Arts
Karen Norton
England
Ideas Brewing
Also Mentioned on This Page
Martin Unger
Albert B. Grenshaw
The
Washington Post
Kathy Jarras
Organized Finances Unlimited
Arlington
Omaha, Neb
Dick Cabela
Cabela's
Casper, Wyo
Norton
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