Charles Schwab Fires Second Salvo in Price-Cut War

Discount brokerage Charles Schwab (NYSE: SCHW) is becoming even more of a discounter: It announced Tuesday that it would slice its per-trade fees from $6.95 to $4.95 for standard online equity and exchange-traded fund transactions. Additionally, it has cut its price for options trades to the same level, plus a $0.65 fee per contract.