ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Thursday, January 4, 1996 TAG: 9601040044
SECTION: BUSINESS PAGE: B8 EDITION: METRO
DATELINE: NEW YORK
SOURCE: ASSOCIATED PRESS
In three minutes, Dan Dorfman can make a stock soar or crash.
The influential financial reporter earned his prominence in more than three decades of Wall Street reporting.
Bespectacled and balding, his rough-around-the-edges manner speaks of a hard childhood. Abandoned by his parents at age 1, he grew up in foster homes.
There is no Ivy League refinement about this Brooklyn native. His live report on the CNBC cable TV network is delivered like the calling of a horse race. Yet that brief daily broadcast is three minutes of required watching for traders and others who make up its viewership of a half-million. - can make stock prices fly or plummet.
So powerful is he that in 1994 the Chicago Stock Exchange amended its rules to authorize the brief suspension of computerized trading in stocks mentioned on Dorfman's broadcasts.
Dorfman went to Money Magazine in late 1994. For eight years before that, he wrote a column for USA Today and Gannett News Service. In the 1960s, he wrote the popular ``Heard on The Street'' stock column for The Wall Street Journal.
He began his print career covering the retail business for Women's Wear Daily, a trade paper. His broadcasts started on CNN, where he did a daily Wall Street report after the markets closed.
LENGTH: Short : 36 linesby CNB