El Washington Post and the rest of the known universe reported yesterday that three stocks will be dropped and three added to the Dow Jones Industrial Average. The three stocks to be dropped are International Paper, AT&T, and Eastman Kodak. They will be replaced with Pfizer, Verizon, and American International Group (an insurance company).
I’m not suprised to see Kodak go. It’s a sign of the digital times. They are times that Kodak is having a hard time dealing with. International Paper owned Ilford for some time, but sold them back in the late ’90s. The AT&T/Verizon swap seems to be clean and bell for bell. I’m sure that Vodafone is happy with the announcement…