This Day in Financial History - January 22 . . .

1968 - In an emergency move, the New York Stock Exchange closes 90 minutes early, at 2 p.m. The early close, reports The Wall Street Journal, is meant to help inundated trading clerks catch up on a "deluge of paper work that has resulted from a recent sustained period of unusually heavy trading." The day's total volume: 10,630,000 shares. Each side of each trade -- both the buy and the sell -- must be recorded by hand on a separate piece of paper, and at any given time up to $1 billion worth of trades are going unmatched because of missing paperwork. Source: www.jasonzweig.com

1984 - The Apple Macintosh, the first consumer computer to popularize the computer mouse and the graphical user interface, was introduced during Super Bowl XVIII with its famous "1984" television commercial. Source: www.wikipedia.org

2002 - Kmart Corporation becomes the largest retailer in United States history to file for Chapter 11 bankruptcy protection. While in bankruptcy, Edward Lampert bought K-mart bonds for his hedge fund ESL Investments. On May 6, 2003, Kmart officially emerged from bankruptcy protection as the Kmart Holdings Corporation. Source: www.wikipedia.org





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