Word: tuesday
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Aravind Adiga won the Man Booker Prize on Tuesday night with his novel, The White Tiger, joining a pantheon of past Booker winners that includes such literary giants as V.S. Naipaul, Nadine Gordimer, Iris Murdoch, Kingsley Amis and Salman Rushdie. It was a remarkable victory for Adiga, a 33-year-old first-time novelist who spent part of his youth in the Indian city of Mangalore and now lives in Bombay. As an old friend of his, I was sitting at the table with Adiga in London's Guildhall when he won, surrounded by people from his U.K. publishing house...
...seventh day, the market rested. After five days of tumult that added up to the worst week in stock-market history, and a sixth day that saw the biggest point gain ever, the Dow Jones industrial average on Tuesday finished down 76.6 points, or 0.8%, an extremely mild loss considering the rollercoaster ride of recent days. The S&P 500, a broader measure of the stock market, finished down 0.5%, and the NASDAQ lost...
What happened on Tuesday shows that might be changing. On trading floors, for the first time in more than a week, buyers and sellers focused on earnings and product launches instead of what was being said at press conferences in Washington and the interest rates banks charge to lend each other money. Even though those rates, which are closely followed as an indication of whether the credit crunch is getting better or worse, only eased slightly on Tuesday, it was enough to free up investors' minds to focus on the fact that, in the long run, the thing that determines...
Exhibit A in the possible return to normalcy was the 3.5% loss in the tech-heavy NASDAQ, compared to the much smaller drop in the Dow and S&P. The indexes had been moving pretty much in tandem, but broke their lockstep on Tuesday on concerns about slower growth at Google, Intel's after-the-bell third-quarter earnings report, and how much companies will be investing in technology next year. Though a sharp drop, it was a hopeful sign that investors may have returned to caring about stocks' fundamentals and have left the sphere of fear that had been...
Another sad chapter in Cambodia's history of violence came to a close on Tuesday with the sentencing of four former Khmer Rouge rebels for the abduction and murder of British mine clearance expert Christopher Howes and his Cambodian interpreter, Houn Hourth...