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 filing ...]]> McKlaud Wed, 18 Apr 2012 10:06:10 +0400 http://moneyrepair.net/news/1544-ehealth-led-insurance-brokers-seek-4-billion-medical-market.html http://moneyrepair.net/news/1544-ehealth-led-insurance-brokers-seek-4-billion-medical-market.html

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 coverage among a variety of plans the way Expedia (EXPE) users weigh costs and benefits among airlines. That may give the brokers access to as many as 22 million uninsured Americans.

"It's going to put these private ...]]> McKlaud Mon, 16 Apr 2012 21:48:01 +0400 http://moneyrepair.net/news/1543-jpmorgan-earnings-beat-estimates-on-mortgage-gains.html http://moneyrepair.net/news/1543-jpmorgan-earnings-beat-estimates-on-mortgage-gains.html

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 said today in a statement. Per-share profit compared with an average estimate of $1.17 ...]]> Jour Mon, 16 Apr 2012 21:47:30 +0400 http://moneyrepair.net/news/1542-fink-says-savers-need-to-become-investors.html http://moneyrepair.net/news/1542-fink-says-savers-need-to-become-investors.html

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 governments, and a ...]]> McKlaud Mon, 16 Apr 2012 21:46:06 +0400 http://moneyrepair.net/news/1540-a-three-cent-aspirin-a-day-may-keep-cancer-at-bay.html http://moneyrepair.net/news/1540-a-three-cent-aspirin-a-day-may-keep-cancer-at-bay.html Jonathan Nourok/Stone/Getty 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 medical journal today. Those who took a daily dose of any size were 37 percent less likely to die from the disease after five years than those who didn't, the study found. The rate was similar for men and women.

Doctors have known since 2007 that aspirin can reduce the long-term risk of dying from cancer, though those benefits are only seen after at least eight years. The new studies show the drug also has short-term advantages, suggesting it could be used to treat some ...]]> McKlaud Sun, 15 Apr 2012 21:35:14 +0400 http://moneyrepair.net/news/1539-health-law-already-transforming-us-even-as-court-threat-looms.html http://moneyrepair.net/news/1539-health-law-already-transforming-us-even-as-court-threat-looms.html

More than one of every four Americans last year received a free mammogram, colonoscopy or flu shot, thanks to a federal law that many of them despise.

Roughly 3.6 million Medicare (USBOMDCA) recipients saved an average of $604 as the same law began closing a gap in their prescription- drug coverage. And 2.5 million young adults were allowed to remain on their parents' health-insurance plans until their 26th birthday.

For two years, even as a debate has raged over what Republicans deride as "Obamacare," the new health-care law has begun benefiting consumers and refashioning a $2.6 trillion industry. Insurers, hospitals and doctors are forming alliances and adopting new procedures, preparing for a reshaped market that will debut when -- or if -- the law aimed at covering at least 30 million uninsured ...]]> McKlaud Sun, 15 Apr 2012 21:34:58 +0400 http://moneyrepair.net/news/1538-jpmorgan-earnings-beat-estimates-on-mortgage-lending-gains.html http://moneyrepair.net/news/1538-jpmorgan-earnings-beat-estimates-on-mortgage-lending-gains.html

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 said today in a statement. Per-share profit compared with an average estimate of $1.17 from 28 analysts surveyed by Bloomberg.

JPMorgan, led by Chief Executive Officer Jamie Dimon, 56, benefited from gains in mortgage lending as low interest rates and federal incentive programs encouraged ...]]> McKlaud Sun, 15 Apr 2012 21:34:35 +0400 http://moneyrepair.net/news/1536-crook-us-retirees-face-a-private-savings-crisis.html http://moneyrepair.net/news/1536-crook-us-retirees-face-a-private-savings-crisis.html About Clive Crook

Clive Crook is a Bloomberg View columnist and member of the Bloomberg View editorial board. His column appears on Thursdays. A former chief Washington commentator of the 'Financial Times,' he previously worked at 'The Economist.'

Here's some good news about America's public-pension system. Contrary to many reports, the country can afford it.

Social Security faces much less fiscal pressure over the coming decades than pension systems in other advanced economies. It will need patching, but the repairs aren't that difficult.

But there's ...]]> McKlaud Sun, 15 Apr 2012 21:33:40 +0400 http://moneyrepair.net/news/1535-blackrock-to-start-bond-trading-system-to-bypass-banks.html http://moneyrepair.net/news/1535-blackrock-to-start-bond-trading-system-to-bypass-banks.html

BlackRock Inc. (BLK), the world's largest money manager, plans to start a bond-trading system that will allow investors to bypass investment banks.

The firm, based in New York, will match clients' orders using its own system, rather than relying on Wall Street firms or other electronic networks to trade bonds. The platform could shut off a source of revenue for investment banks, which have seen fees from trading bonds for money managers decline amid interest rates near record lows and concern about a sovereign default in Europe.

Justin Leverenz, who runs the $25 billion Oppenheimer Developing Markets Fund (ODMAX), is beating 97 percent of his peers by ignoring the economy.

The 43-year-old money manager has been buying shares of Yandex NV (YNDX), Ctrip.com International Ltd. (CTRP) and Colgate-Palmolive India Ltd., companies he says face little competition and serve growing markets that are insulated from fluctuations in gross domestic product.

"Emerging-market investors are chasing ...]]> Jour Sun, 15 Apr 2012 21:33:08 +0400