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Short Take: Schwab does more business online than off

Brokerage Charles Schwab handled more than half its trades online during the second calendar quarter, the company said. For the first time, 52 percent of Schwab's transactions were conducted via the Net rather than at its 280 branches or over the phone. The company launched a redesigned Web site this week and has 1.8 million online accounts, up from 1.2 million at the beginning of the year.

Brokerage Charles Schwab handled more than half its trades online during the second calendar quarter, the company said. For the first time, 52 percent of Schwab's transactions were conducted via the Net rather than at its 280 branches or over the phone. The company launched a redesigned Web site this week and has 1.8 million online accounts, up from 1.2 million at the beginning of the year.