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When London Trader Stephen Raven checked a stock listing on his computer screen last week, then bought 1,000 shares of Electrolux from a New York dealer, he was not just making an investment. He was making history. As chairman of the International Markets Committee of the London Stock Exchange, Raven was executing the first transaction using a new transatlantic computer link...

Author: /time Magazine | Title: Business Notes: May 5, 1986 | 6/21/2005 | See Source »

...afford me," he jokes, but Horowitz will receive about $2.5 million dollars for TV and recording rights to his five-concert series. His extensive art collection--which included works by Rouault, Degas, Manet and Picasso--was sold off when the insurance became prohibititive, and replaced with a Japanese silk-screen painting and a Chinese mirror painting. The big Steinway commands the living room, when it is not on the road with him. Near by on the wall are four autographed photographs: Paderewski, Rachmaninoff, Puccini and Toscanini...

Author: /time Magazine | Title: Vladimir Horowitz: The Prodigal Returns | 6/21/2005 | See Source »

...anchormen, a tightly coiled man; if you want the news delivered low key, go to Brokaw, or to ABC's Peter Jennings, who seems the most reflective of the three. In crises, Rather's highly effective quick, clipped delivery heightens the drama. There he is, facing a television screen, calling in Secretary Weinberger or Secretary Shultz, asking "in brief" for a comment on Libya. They oblige (ah, the power of the press!) and even though neither has much to say, the effect is theatrical. Rather is also adept at another device to give urgency to a breaking story. When someone...

Author: /time Magazine | Title: Newswatch: Emotions Exhibit Themselves | 6/21/2005 | See Source »

Still, new ABC Entertainment President Brandon Stoddard insists that the network will not cut corners in trying to reconstruct a winning prime-time schedule. "We've got to protect what goes on screen," says Stoddard, 49, who was named programming chief last November after running ABC's mini-series and theatrical-films operations, "because what goes on the screen will make us succeed or fail." The network has ordered 27 pilots for potential fall series, more than either of its two rivals. Lucille Ball will star in a new sitcom, and other prospective series include a sci-fi drama based...

Author: /time Magazine | Title: Video: Tightening the Belts at ABC | 6/21/2005 | See Source »

...order them (right now!) by calling toll-free numbers. Designed to spur impulse purchases, the programs combine the glitter of a game show, the hard sell of an old Veg-O-Matic commercial and the fervor of a telethon. About 20 home-shopping programs have appeared on the screen, and more are on the way. Home-shopping sales are expected to jump from an estimated $360 million this year to perhaps $1 billion...

Author: /time Magazine | Title: Can You Believe This Price? | 6/21/2005 | See Source »

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