Personal Finance

May 28, 2013

Cerner will split stock 2-for-1

Each shareholder of record as of June 17 will receive one additional share of common stock for each share held at that date. The stock split will increase the common shares outstanding to about 344.6 million.
Doubling down

Cerner Corp. on Tuesday announced a 2-for-1 stock split. Each shareholder of record as of June 17 will get one additional share of common stock for each share held at that date. The stock split will increase the common shares outstanding to about 344.6 million.

Shares in the North Kansas City-based health care software company closed at $95.66, down 44 cents, or 0.5 percent.

Petro motion

Petro America Corp. founder Isreal Owen Hawkins, convicted of bilking mostly poor investors out of millions of dollars, is asking for a new trial.

Hawkins argues that one of the jurors was a tailor who altered several of his suits that prosecutors said he bought with investor funds. Hawkins, who represented himself, said the juror did not disclose that fact during the trial and he didn’t realize it until afterward.

A spokesman for the U.S. attorney’s office in Kansas City declined to comment on the motion Tuesday. The juror named in Hawkins’ motion didn’t immediately return a call seeking comment.

Sony’s policies

Sony became known for its Trinitron TVs and Walkman music players, and then its PlayStation game consoles. But in the past 10 years, Sony has lost $8.5 billion on its electronics division.

Sony instead has made money making Hollywood movies and selling music — $7 billion in that decade. But its real profit center? Insurance, which it doesn’t even sell in the U.S. or Europe. Sony makes a lot of money writing life, auto and medical policies in Japan — $9 billion on its life insurance business alone in those 10 years.

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