Stay abreast of what’s happening internationally with developments in corporate public affairs. Here is news that you may find useful and interesting:
General Electric dropped from Dow after more than a centuryND
Matt Phillips, The New York Times, Tuesday June 19 2018
General Electric was dropped from the blue-chip index late Tuesday and replaced by the Walgreens Boots Alliance Drugstore chain. It was the last remaining original member of the Dow Jones industrial average. Over the last year, G.E.’s shares have fallen 55 percent, compared with a 15 percent gain for the Dow. G.E., which closed Tuesday at $12.95, has the lowest share price of any of the index’s 30 components. The removal of G.E., which will formally occur on June 26, reflects a shift in the economic composition of the United States, which long ago moved away from heavy industry toward services such as technology, finance and healthcare.
For the full story see: www.nytimes.com