MOSCOW (AP) â Leading Russian opposition figure Alexei Navalny was released Friday after spending 15 days in custody and vowed that he and his supporters will not be intimidated by the slaying of a top Kremlin critic.
By David Gaffen NEW YORK (Reuters) - Apple Inc , the largest U.S. company by market value, will join the storied Dow Jones industrial average , replacing AT&T Inc , in a change that reflects the dominant position of iPhone maker in the U.S. economy and society. The decision to nudge aside AT&T, which has been part of the Dow for the better part of a century, is a recognition of the way in which communications and technology have evolved over the last several decades. "This is a sign of the times, and it might get everyone to look at the Dow more than they have been," said Richard Sichel, who oversees $2 billion as chief investment officer at Philadelphia Trust Co. "It would be difficult to pick any 30 companies that would cover the entire economy, especially compared with the S&P 500, but it does give the Dow more credibility." With a market capitalization of $736 billion, Apple is the largest publicly traded company in the index.
US tech giant Apple will join the blue-chip Dow Jones Industrial Index later this month, replacing venerable telecom company AT&T, S&P Dow Jones Indices announced Friday. The inclusion of the iPhone and iPad maker in the elite list of 30 top companies comes long after Apple had earning the title of the world's biggest company by market capitalization, now with a value of more than $730 billion. S&P Dow Jones said it shifted Apple into the prestigious index to ensure adequate representation of the information technology sector. "As the largest corporation in the world and a leader in technology, Apple is the clear choice for the Dow Jones Industrial Average, the most recognized stock market measure," said David Blitzer, managing director of the index committee at S&P Dow Jones Indices.
MADISON, Wis. (AP) â Wisconsin lawmakers voted Friday to make their state the 25th to enact right-to-work legislation, pushing a fast-tracked bill through the Assembly after an overnight debate and sending it on to Gov. Scott Walker for his promised signature.