NEW YORK — Westinghouse Electric Corp. sheds its industrial skin today to emerge as CBS Corp., a stand-alone media company.
Westinghouse Electric’s stock will be transformed at the opening bell of the New York Stock Exchange, trading under the symbol CBS.
CBS chairman Michael Jordan will ring the opening bell, and Bill Cosby, who stars in a primetime comedy series on the TV network, plans to buy the first 1,500 shares.
Westinghouse shares closed Friday at $30, up 6¢ on the day, and near its high for the year. The stock traded at $13 in July 1995.