GE Dropped from Dow Jones Industrial Average, Replaced by Walgreens - Energy Watch News


GE Dropped from Dow Jones Industrial Average, Replaced by Walgreens

General Electric Co., an original member of the Dow Jones Industrial Average, is being removed from the renowned stock index to be replaced by Walgreens. New CEO John Flannery, who took over in mid-2017, vowed in November to jettison $20 billion worth of business assets over the following year or two and announcing that the company’s dividend would be halved, sending GE’s stock on one of its sharpest price dives closing at $12.95 Tuesday during which GE lost its crown as the largest U.S. manufacturer by market capitalization. https://www.bizjournals.com/

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