"General Electric was an original member of the DJIA in 1896 and a member continuously since 1907", says David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices.
The Dow's membership has evolved over time to add more technology companies, such as Apple and Intel and cutting many former giants such as Alcoa and International Paper.
The move not only underscores the challenges that GE has faced in recent years but illustrates the changing nature of the companies that are driving the US economy. It shed most of its financial-service businesses to focus on its high-tech industrial operations.
Florida rapper XXXTentacion, 20, dead in shooting
In March, a judge ruled that XXXTentacion could be released from house arrest in order to tour in support of his new album. XXXTentacion has faced several legal issues and was now awaiting trial on charges that he beat his pregnant girlfriend.
The company is under investigation related to a $15 billion hit it took to cover miscalculations at an insurance unit.
Immelt also built up GE's exposure to manufacturing and servicing coal and gas-fired electricity plants, only to see demand for such plants fall dramatically in recent years as sales of suddenly cost-competitive renewable wind and solar systems increased. The shares are down more than 60 percent from their most recent peak in July 2016.
Its stock has fallen almost 80 percent from highs in 2000.
The stock-price slide is a key factor in GE's exit from the Dow, which is calculated using the prices of 30 large, or "blue chip" stocks from various USA industries. In after-hours trading Tuesday, shares of GE were down 1.4%, while shares of Walgreens were up 2.9%.
With the addition of Walgreens, the Dow will better reflect the role of consumers and healthcare in the USA economy, S&P Dow Jones Indices said in a statement.
Co-founded by inventor Thomas Edison, GE was the largest US company by stock market value starting in 1993, with brief interruptions from Microsoft Inc (MSFT.O) until Exxon Mobil Corp (XOM.N) overtook it in 2005. Walgreens stock jumped 3%.
His five goals led Egypt in World Cup qualifying, but also tied him for the lead among all African players in CAF qualifying. He did win the penalty - confirmed by the video assistant referee after Salah was pulled down by Roman Zobnin.
All other 192 United Nations member states are considered together under a separate item, if they are discussed at all. He added: "Given the state of human rights in today's world, the U.S. should be stepping up, not stepping back". "Amb.
Protestors threw flares, rocks and bottles at police outside the national parliament and chanted "Macedonia, Macedonia". The Macedonian parliament is scheduled to start debating the agreement the coming week.
Until now, China has mirrored Trump's actions, matching Friday's tariff hike with identical charges on the same amount of imports. USA stock markets are opening sharply lower Tuesday as tensions over trade between the US and China seem closer to a boil.
Producers of the musical announced the project on Tuesday without revealing a title and said they aimed for a premiere in 2020. Jackson died in 2009 after overdosing on propofol and lorazepam and, months after, his death was ruled as a homicide.
In an update, Dave Meltzer is reporting that Vince McMahon called a meeting at SmackDown in Toledo today and fired Cass. On Tuesday, WWE dropped the news that Big Cass had been released by the company without many details.
Like many others who share her views on politics, Coulter has no problem with trying to cast children in pain as pawns. But as The Hill pointed out, the president has the power to reverse this policy on his own.
AMD goes on, to tease "We appreciate the advancements they've helped drive with the x86 architecture over the last four decades". Before we go any further, the AMD promotion only applies in the United States , and only to the first 40 respondents.
Ronda Rousey Attacks WWE Champion, Suspended
Doing the same with Rousey is a convenient way for WWE to write her off programming for the time being until SummerSlam in August. However, it means that a return at one of WWE's biggest shows of the year, SummerSlam, in August, could be in the cards.
Republicans turn on Trump's 'cruel' border policy
The Trump administration separated 2,342 children from 2,206 parents along the US-Mexico border between May 5 and June 9. Since children can not be sent to the facilities where their parents are held, they are separated from them.
Moffitt claims hometown win in NASCAR Truck Series
Two laps later, Crafton's tire blew while he was battling Friesen, Rhodes, John Hunter Nemechek and Dalton Sargeant . WHAT'S NEXT: Villa Lighting Delivers the Eaton 200 at Gateway Motorsports Park at 8 p.m.
€20million separates Alisson from Real Madrid
As far as I understand, Liverpool have made a bid. "I love this club but we need to see how the club is going forward", he said. They talk today about Alisson, but for 78million (laughs), Liverpool can buy him.
FPJ's dream XI predictions for Russian Federation and Egypt
Free-scoring Russia's World Cup dream continued with an emphatic 3-1 victory over Egypt in their second Group A match in St. At Egypt's recent training camp in Grozny, Salah reportedly required the help of his team-mates to pull on his top.
McDonald's selling paper straws in UK
Members of consumer watchdog SumOfUs have been asking McDonald's to take action on plastic straws for nearly a year. While plastic is recyclable, recycling plastic straws is expensive and time-consuming due to their small size.
Konta beats Vekic to reach Nature Valley Open final
Konta overcame a rain delay and defending champion Donna Vekic to secure her place in the final for the second successive year. The Brit then stormed off court, with organisers rushing to get her back for the trophy presentation.
Zara Tindall gives birth to a second baby girl
The couple tragically lost a baby during pregnancy in 2016. "I enjoy cooking, so it's nice to have time to do that as well". Zara Tindall and her ex-rugby player husband Mike have had a baby girl, weighing 9lbs 3oz, the Royal Family has announced.
Gunshot victim covered with sheet starts breathing again
An image made from video shows a still-living shooting victim under a sheet after a deadly shooting in Chicago , June 18, 2018. News cameras were on scene for at least 15 minutes before paramedics removed the sheet and began administering CPR.
Government announces £20bn increase to NHS funding
By 2023/24 there will be £20 billion more a year being spent on the NHS "in real terms", Prime Minister Theresa May has revealed. It aims to foster unity in the government and the country after two years of bitter divisions over Brexit.