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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 09, 2015
Page
11
Apple fans await announcements at WWDC but investors dismiss the hype. Historical data show Apple stock underperforms during WWDC weeks for a decade, with repeated declines and only rare gains. Despite this year’s 18 percent rise, market watchers warn the pattern remains intact and the event draws heavy publicity but little lasting value.
The GM ignition switch defect deaths total reaches 111 with families offered at least 1 million each in compensation by attorney Kenneth Feinberg. GM will also extend offers to 220 injured in crashes tied to Chevrolet Cobalt and older models. USA TODAY publisher to spin off. Kramer to join board. McDonalds posts May sales slide. Europe up slightly. CalPERS trims external money manager hires by half to about 100 firms over five years.
Apple showcased iOS 9 OS X updates Apple Watch enhancements and Apple Music at WWDC to rally about 3 000 developers. New features include time lapse watch faces improved Siri email reading and a UK expansion for Apple Pay with Discover cards amid a five way tech race with Google Amazon Facebook and Microsoft.
PwC forecasts world air travel demand could double by 2035 as emerging economies lift middle class travel. Growth strains infrastructure, pilots, and fuel cost management, with China Latin America and India seeing the biggest passenger gains. US may fall behind amid limited aviation investment, risking reduced domestic business mobility.
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