On this date in: | |
1777 | The Continental Congress approved the Articles of Confederation, precursor to the U.S. Constitution. |
1806 | Explorer Zebulon Pike spotted the mountaintop now known as Pikes Peak. |
1889 | Brazil's monarchy was overthrown. |
1926 | The National Broadcasting Co. debuted with a radio network of 24 stations. |
1939 | President Franklin D. Roosevelt laid the cornerstone of the Jefferson Memorial in Washington, D.C. |
1940 | The first 75,000 men were called to armed forces duty under peacetime conscription. |
1982 | Funeral services were held in Moscow for Soviet President Leonid Brezhnev. |
1984 | Baby Fae, the month-old infant who had received a baboon's heart to replace her own congenitally deformed one, died at a California medical center three weeks after the transplant. |
1985 | Britain and Ireland signed an accord giving Dublin an official consultative role in governing Northern Ireland. |
1986 | A government tribunal in Nicaragua convicted American Eugene Hasenfus of delivering arms to Contra rebels and sentenced him to 30 years in prison. He was pardoned a month later. |
1988 | The Palestine National Council, the legislative body of the PLO, proclaimed the establishment of an independent Palestinian state. |
1993 | A judge in Mineola, N.Y., sentenced Joey Buttafuoco to six months in jail for the statutory rape of Amy Fisher, who shot and wounded Buttafuoco's wife, Mary Jo. |
2002 | Hu Jintao replaced Jiang Zemin as China's Communist Party leader. |
2005 | Baseball players and owners agreed on a tougher steroids-testing policy. |
2006 | One of four U.S. soldiers accused of raping a 14-year-old Iraqi girl and killing her and her family pleaded guilty at Fort Campbell, Ky. (Spec. James P. Barker, who agreed to testify against the others, was later sentenced to 90 years in prison.) |
2007 | Baseball home run king Barry Bonds was indicted on charges related to grand jury testimony during which he denied knowingly using performance-enhancing drugs. (Bonds has pleaded not guilty and is awaiting trial.) |
Article of the day
First stock ticker debuts
On this day in 1867, the first stock ticker is unveiled in New York City. The advent of the ticker ultimately revolutionized the stock market by making up-to-the-minute prices available to investors around the country. Prior to this development, information from the New York Stock Exchange, which has been around since 1792, traveled by mail or messenger.
The ticker was the brainchild of Edward Calahan, who configured a telegraph machine to print stock quotes on streams of paper tape (the same paper tape later used in ticker-tape parades). The ticker, which caught on quickly with investors, got its name from the sound its type wheel made.
Calahan worked for the Gold & Stock Telegraph Company, which rented its tickers to brokerage houses and regional exchanges for a fee and then transmitted the latest gold and stock prices to all its machines at the same time. In 1869, Thomas Edison, a former telegraph operator, patented an improved, easier-to-use version of Calahan's ticker. Edison's ticker was his first lucrative invention and, through the manufacture and sale of stock tickers and other telegraphic devices, he made enough money to open his own lab in Menlo Park, New Jersey, where he developed the light bulb and phonograph, among other transformative inventions.
The last mechanical stock ticker debuted in 1960 and was eventually replaced by computerized tickers with electronic displays. A ticker shows a stock's symbol, how many shares have traded that day and the price per share. It also tells how much the price has changed from the previous day's closing price and whether it's an up or down change. A common misconception is that there is one ticker used by everyone. In fact, private data companies run a variety of tickers; each provides information about a select mix of stocks.Today Birthdays
Sam Waterston turns 68 years old today. | ||||||||||||||||||||||||||||||||||||||||||||
AP Photo/Peter Kramer Actor Sam Waterston ("Law and Order") turns 68 years old today.
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