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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Oct 20, 2015
Page
11
Morgan Stanley reported a 15 percent fall in trading revenue as volatility hit in August. The bank earned 1.02 billion dollars, 48 cents a share, versus 1.65 billion dollars, 59 cents a share a year ago. Shares fell 4.8 percent to close at 32.32 dollars.
Honda unveils the 2016 Civic with longer dimensions and lighter weight, claiming better fuel economy and more passenger space. The base model starts at 19,575 dollars with delivery, while the top end reaches 27,335 dollars.
An Apple 1 computer from 1976 may fetch up to 800000 dollars at an online Christie's auction, with a starting bid around 371000 dollars. The lot includes the rare first manual issued with the original Apple release, and bidding closes October 29.
Oprah Winfrey buys 10 percent of Weight Watchers, gaining 6.4 million shares and options for 3.5 million more. The stock surges past $13.92, boosting her net worth by about $70 million in a single day while Weight Watchers seeks a brand revival amid fierce diet competition. Artnal private equity holds 294 million shares, translating to a $209.9 million day gain.
Oprah Winfrey acquires a 10 percent stake in Weight Watchers International and will join the board, with options for an additional 5 percent. The move lifts the stock 105 percent to 13.92, as the firm expands beyond dieting to healthier living. Winfrey’s investment, at 6.79 per share for 43.2 million, aims to accelerate sales and profits with her media influence.
United Airlines appoints general counsel Brett J. Hart as acting chief executive as Oscar Munoz remains hospitalized after a heart attack. The carrier reviews governance steps while investors watch leadership structure and third quarter earnings expectations.
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