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Is the Oprah Winfrey halo starting to fade from Weight Watchers?Weight Watchers shares fell nearly 15 percent Tuesday after the company reported a decline in subscribers between the first and second quarters.But the market may be overreacting to a calendar problem.For the past few years, Weight Watchers has reported a similar dip in subscribers during that period. The rolls grow again as the year progresses, which makes sense.People are often gung-ho about exercising, eating better and losing weight right after the winter holidays. But New Year's resolutions can be hard to maintain in the spring and summer.Even though some subscribers drop out in the first few months of the year, total subscribers are actually way up since Winfrey joined. The base grew 28 percent from a year ago to 4.5 million.In the third quarter of 2015, the company had fewer than 2.6 million subscribers.Despite the big drop in the stock Tuesday, the company's latest profits actually topped forecasts, and it raised its outlook.Shares in the company are up nearly 80 percent this year and have skyrocketed more than 1,000 percent since Winfrey first invested about million.Weight Watchers has done an extraordinary job over the past few years of making the company's programs more exciting for a broader base of people, particularly since Mindy Grossman — formerly of HSN — took over as CEO last year.The new Weight Watchers Freestyle program lets you eat a wider variety of food. Weight Watchers has also partnered with meditation company Headspace to provide exclusive content on the Weight Watchers app to its subscribers.It's all about wellness, not necessarily how many pounds you've lost.Grossman said during an earnings call with analysts Monday evening that beginning next January, no artificial ingredients will appear in any Weight Watchers-branded products. And she quoted Winfrey, who said at a Weight Watchers event in February that "healthy is the new skinny."In addition to Winfrey, who is also a board member and the company's third largest investor with a 5 percent stake worth about 0 million, Weight Watchers has brought on actor Kevin Smith, music star DJ Khaled and celebrity chef Eric Greenspan as "ambassadors" for the company.So there is no issues with Oprah's halo. Weight Watchers still looks pretty healthy. 2337
It's a black and white portrait photograph of John F. Kennedy. Underneath it, a handwritten message:"To Ambassador Estes -- With esteem and very warm regards, John F Kennedy."The document is believed to be the last thing President Kennedy signed in the Oval Office before he left on his fateful trip to Dallas.The photograph is now for sale at ,000, according to the Raab Collection, which is hosting the sale.The photo was signed on November 21, 1963 and was intended for Thomas Estes, the ambassador to Burkina Faso, who attended the final meeting President Kennedy held in the Oval Office.Estes recalled arriving at the White House on the morning of November 21 and playing with the President's son, John-John, while he awaited the meeting with the President.Estes entered the Oval Office and received the signed photograph. He then briefed the President on affairs in Burkina Faso.After the meeting ended, Kennedy left the Oval Office at 10:50 a.m. to helicopter over to Andrews Air Force Base.He would then fly to San Antonio, Texas.The next morning, in Dallas, he was assassinated. 1118
It doesn’t take much to upend many Americans’ finances. A car that won’t start, a furnace that dies or a trip to the hospital can leave households struggling to make ends meet.According to the Federal Reserve, 44% of U.S. adults say they would have trouble coming up with 0 to cover an unexpected expense. Even families who have more in the bank can flounder. Surveys by The Pew Charitable Trusts found that 51% of families with at least ,000 in savings reported trouble paying the bills after a financial shock.Yet it is hardly a shock if an appliance wears out or a car breaks down.It’s time to rethink what we mean by unexpected expenses. Some bills may be unpredictable in their amount or their timing, but they’re still inevitable. In other words: If you have a car, or a home, or a body, sooner or later it’s going to cost you.A better approach, especially for households currently living paycheck to paycheck, is to save for the most likely costs and have some kind of Plan B to handle the truly unexpected.Here’s how that might work with three of the most common unexpected expenses Pew found: 1119
Indonesian investigators have found the flight data recorder from Lion Air Flight JT610, a discovery that should help explain why the new Boeing 737 crashed Monday, killing all 189 people on board.CNN Indonesia showed images of divers bringing the device, commonly known as a "black box," on board one of the rescue ships in the sea close to Jakarta Thursday, four days after the Boeing 737 MAX 8 jet disappeared off radar during a routine short-haul flight.The cockpit voice recorder (CVR), which records audio from the cockpit, is yet to be found, but is believed to be located on the seabed, some 35 meters (114 feet) deep.National Transportation Safety Commission (KNKT) Deputy Director Haryo Satmiko told CNN that it will take two to three weeks to read the data from flight data recorder, and a further two to three months to analyze it.Satmiko confirmed that in addition to the recorder "some parts" of the plane's fuselage had also been found.Monday's ill-fated flight crashed 13 minutes after takeoff. It was supposed to be a one-hour flight to Pangkal Pinang on the island of Bangka.Capt. Daniel Putut Kuncoro Adi, managing director of Lion Group, which owns Lion Air as well as other airlines, declined to offer any possible explanations to CNN for the crash."As a company we are waiting for the result from the National Transportation Safety Committee working with the black box" to determine what went wrong, Adi said Thursday.Adi said that he knew the pilots on the flight and they "were very funny, very smart, very nice guys."He said he believed the pilots did their job "professionally and they struggled to save the aircraft," and offered his condolences to the families of the victims. 1712
Indonesian investigators have found the flight data recorder from Lion Air Flight JT610, a discovery that should help explain why the new Boeing 737 crashed Monday, killing all 189 people on board.CNN Indonesia showed images of divers bringing the device, commonly known as a "black box," on board one of the rescue ships in the sea close to Jakarta Thursday, four days after the Boeing 737 MAX 8 jet disappeared off radar during a routine short-haul flight.The cockpit voice recorder (CVR), which records audio from the cockpit, is yet to be found, but is believed to be located on the seabed, some 35 meters (114 feet) deep.National Transportation Safety Commission (KNKT) Deputy Director Haryo Satmiko told CNN that it will take two to three weeks to read the data from flight data recorder, and a further two to three months to analyze it.Satmiko confirmed that in addition to the recorder "some parts" of the plane's fuselage had also been found.Monday's ill-fated flight crashed 13 minutes after takeoff. It was supposed to be a one-hour flight to Pangkal Pinang on the island of Bangka.Capt. Daniel Putut Kuncoro Adi, managing director of Lion Group, which owns Lion Air as well as other airlines, declined to offer any possible explanations to CNN for the crash."As a company we are waiting for the result from the National Transportation Safety Committee working with the black box" to determine what went wrong, Adi said Thursday.Adi said that he knew the pilots on the flight and they "were very funny, very smart, very nice guys."He said he believed the pilots did their job "professionally and they struggled to save the aircraft," and offered his condolences to the families of the victims. 1712