Walgreens to Replace GE in Dow Industrials--Update
June 19 2018 - 6:01PM
Dow Jones News
Breaking News....
Walgreens Boots Alliance will replace General Electric Co. in
the Dow Jones Industrial Average, S&P Dow Jones Indices said in
a statement. The change will take effect prior to the market's open
on June 26.
GE's exit is the latest setback for a troubled conglomerate that
once had highest market value of any U.S. corporation.
General Electric had been one of the original components in the
index of 30 stocks, but the company ran into financial trouble last
year that forced its new leader, John Flannery, to take aggressive
actions, including cutting its dividend in half and triggering a
restructuring to eliminate thousands of jobs and cast of billions
of dollars in assets.
(More to Come)
(END) Dow Jones Newswires
June 19, 2018 17:46 ET (21:46 GMT)
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