Word: ticker
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...next day the papers discovered they had not been so wrong after all. The A.P. ticker brought the news that Furrier-Hotelman Ritter had just died in Nice, France. Back on the beam again, the Herald Tribune and World-Telegram printed new versions of their earlier prescient obits and brought their necrology up to date...
...single session, the biggest sell-off of the year. Then investors paused-and realized that panic is always unprofitable. As in the Suez crisis and other flareups, they turned their attentions to shares that might benefit from a harder U.S. stand. In buying surges that frequently left the ticker behind, investors sent industrials up 3.7 points to 486.55 and a new high for the year on the greatest weekly volume (15,395,350 shares...
...winner of Moscow's International Tchaikovsky Piano Competition (TIME, April 21) had overnight become the object of the most explosive single outpouring of popular acclaim ever accorded a U.S. musician. Next week Manhattan will give him a national hero's welcome back to the U.S. with a ticker-tape parade up Broadway. He will go to Washington to be received by the President of the U.S. His first post-Russia concert (in which he will repeat his Moscow prizewinning pieces: Tchaikovsky's Concerto No. 1, Rachmaninoff's Concerto No. 3) has swamped Carnegie Hall with...
...mother of his five children. Sukarno took off for a tour of the world's capitals, shopping for new ideas. The tour became a triumphal procession and a tonic for the dispirited President of a mismanaged nation. He arrived in the U.S. quoting Abraham Lincoln, got a ticker-tape welcome in New York City, saw Hollywood (he was disappointed to miss Ava Gardner, who was off in Spain), made an address to a joint session of the U.S. Congress. He told the Congressmen that "we of Indonesia are in the stage of national turmoil through which America passed some...
...loans? The FRB promptly approved a ¼% cut (down to 2¾%), the second in two months. In quick succession, six Federal Reserve banks across the U.S. dropped their rates, and the remaining five were expected to follow soon. Said a top FRB money manager: "Look at the news ticker. Job layoffs, dividends being skipped or reduced, retail prices leveling off, incomes down, production down. There is no mystery to why we acted...