BUSINESS BRIEFING / STOCKS
TIMES WIRE REPORTS
General Motors Corp., facing a bankruptcy or reorganization that would all but wipe out shareholders, will probably be removed from the Dow Jones industrial average after seven decades in the blue-chip gauge, the executive director of Dow Jones Indexes said.
Among the Dow’s 30 stocks, the automaker’s shares cost the least, representing 0.2% of the price-weighted measure.
“Definitely the trend is in the direction that would force us to remove it,” said John Prestbo of Dow Jones Indexes.
