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The committee explained the decision by saying that the changes "were prompted by the low stock price of the three companies slated for removal and the Index Committee's desire to diversify the sector and industry group representation of the Index."
Few would argue that reliable, low-risk Wells Fargo is a great bet for many investors. BAC ) and Citigroup , discussing the issues they've faced, how they've responded, and where they may be headed...Rick Engdahl: Just looking at this from my
no longer had what it takes to maintain presence on the Dow naturally begged the question: Where did these companies go wrong? How companies make the cut The methods used by the group that makes these calls, the S&P Dow Jones Indices Committee, aren'
Lehman Brothers filed for bankruptcy protection early in the morning on Sept. 15, 2008, after failing to find any company willing to acquire its immense liabilities. The investment bank's $613 billion in debts and $639 billion in reported assets set
the nation's largest consumer bank at the time, agreed to buy Merrill Lynch, its counterpart in the retail brokerage and wealth management realms. The move was heralded as a coup for the bank's 61-year-old chairman and chief executive officer. "Ken
She and Lindsay kinda look the same age. lol Name (required, limit 30 characters) E-mail (required, will not be published) Website/Twitter You have of 5,000 characters left. Hailee Steinfeld steps out for the Estee Lauder Modern Muse Fragrance Launch
Or else the 6-9 starting senior post player doesn't deserve to walk another step in the sneakers that so many young kids around the state would so love to wear. Having said that, there are some mitigating facts in this latest case that should stop
Looking back five years later, there are plenty of cringe-worthy moments from the precipice of the financial crisis. Ben Bernanke's famous 2005 call that housing prices could not possibly fall nationwide comes to mind. " Money For Nothing: Inside the
The Dow Jones Industrial Average is losing long-time blue-chip companies Alcoa ( AA ), Hewlett-Packard ( HPQ ) and Bank of America ( BAC ) in what marks the index's largest shakeup since 2004. The companies are being replaced by Visa ( V ), Goldman
Iowa Timothy Brown has put hundreds of drunken drivers behind the wheel. In the research center where he works, the drivers ingest vodka or 151-proof alcohol and get behind the wheel of a Chevrolet Malibu mounted in a metal pod about the size of a