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Reuters' move into the computer age was a return to its roots as a business news service. In 1850, in the days before wire links between major European financial markets were completed, Baron Julius Reuter used a flock of carrier pigeons to send the latest stock prices from Brussels to the nearest telegraph station, some 100 miles west. By the time the eastward advance of telegraph lines made the pigeons unnecessary, Reuter had launched a general news service that today is one of the world's largest...

Author: /time Magazine | Title: Press: Reuters' $1.5 Billion Bonanza | 2/6/1984 | See Source »

Figure skating actually predates the Winter Games as an Olympic sport. When Baron Pierre de Coubertin revived brotherhood in 1896, he forgot to take temperature into account. Figure skating first appeared at the Summer Games in 1908, and brought hockey along in 1920. It was not until four years later that Nordic skiing, speed skating and bobsledding joined them for the first winter pageant, the others straggling in later, the biathlon (skiing riflemen) not until 1960, the luge 1964. But the premiere event is still the first: figure skating...

Author: /time Magazine | Title: Clear the Way For the U.S.A. | 1/30/1984 | See Source »

...people have heard of Dean Le-Baron, but thousands of Americans unknowingly depend on him for a large part of their financial security. From a computer-filled command post on the twelfth floor of the Federal Reserve Bank building in Boston, LeBaron manages more than $10 billion of other people's money. Every day, LeBaron and his competitors make stock and bond transactions that can earn, or lose, millions of dollars for their clients. Their decisions can shake markets and send the prices of individual stocks into orbits or nosedives. For their skill and nerve, they receive salaries that...

Author: /time Magazine | Title: The Billion-Dollar Boys | 1/9/1984 | See Source »

...waffling over whether he should quit did her no good. Labor rose from its electoral ashes to choose bright, eloquent Welshman Neil Kinnock, 41, as its new leader. From Thatcher's Tory ranks came broadsides ripping her economic policy, her lack of compassion, her foreign dealings. Press Baron Rupert Murdoch, long an ardent backer, echoed the feelings of many when he declared: "She has run out of puff...

Author: /time Magazine | Title: Four Who Also Shaped Events | 1/2/1984 | See Source »

...March 1982, Evans resigned after serving just a year as editor of the Times of London, one of the world's most eminent newspapers. But he did not leave voluntarily. He was shoved out by Rupert Murdoch, the Australian press baron who had bought the Times and its sister publication the Sunday Times in 1981. And, in a nice twist, it was Murdoch who had hired Evans in the first place, luring him away from the editorship of the Sunday Times, a post he had held for 14 years...

Author: /time Magazine | Title: Books: A Tale of Two Newspapers | 1/2/1984 | See Source »

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