KBND Logo

 

On Air Now

KBND Morning News
ON AIR NOW
KBND Morning News
5:00am - 9:00am
Contact

Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
Business News


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 Sachs (GS) and Nike (NKE).

Alcoa will be dropped from the Dow Industrials after serving as a Dow component for the last 54 years. It is being replaced by Nike, which the DJIA's index committee says helps to diversify the index's consumer discretionary sector. The Oregon-based athletic-apparel maker, currently ranked 59th on the S&P 500 in market cap, saw its shares climb 2% to $66.72 in recent trade.

Meanwhile, payments giant Visa will replace computer maker H-P, while Goldman is swooping in for BofA.

In a statement, S&P Dow Jones Indices said the changes were prompted by the low stock price of the three exiting companies and the Index Committee's desire to diversify the sector and industry group representation of the index.

 

Read More

 

 

Traffic & Weather

 

 

  • Click on the link for the latest conditions on the mountain passes.

 

  • Construction at 27th Street and Bear Creek Road and 27th near Medical Center Drive. Single lane 6a – 10p.

 

  • Lane Closure on Riverside Blvd. >< Broadway St. and Louisiana Ave 8am – 5pm (12/5 & 6)

 

 
LinkedUpRadio Envisionwise Web Services