New York – General Electric will be dropped from the Dow Jones industrial average next week, ending the industrial conglomerate’s more than 100-year run in the 30-company blue chip index.
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S&P Dow Jones Indices said Tuesday that GE will be removed from index before the open of trading next Tuesday. Its slot will go to drugstore chain Walgreens Boots Alliance.
Boston-based GE was an original member of the Dow Jones industrials dating back to 1896. It had been a continuous member of the Dow since 1907.
GE has been struggling in recent years, shrinking dramatically since it became entangled in the financial crisis a decade ago.
The company is under investigation related to a $15 billion hit it took to cover miscalculations at an insurance unit.
sad to see the big ones fall. Since Ronald Reagan stopped working for them they seemed to go downwards….
mee yishafel umee yarum!!!!
Their stock was doing quite well up until Obama took office.