By Mark Memmott
As if General Motors and Citigroup didn't already know times aren't so good for them, here's more confirmation:
They've been kicked out of the Dow Jones industrial average, in favor of Travelers Cos. and Cisco Systems Inc.
The changes end GM's 83 years as part of the iconic stock market indicator. Both GM and Citi have seen their stock prices plunge in recent months.
According to djaverages.com, the Dow's official website, only one of the 12 companies that were part of the index when it was created in 1896 is a part of the index today.
Which company is it? Click here to go to its website.
The names of other companies that have been dropped over the years read like a history of bygone industries. A sampling:
-- American Locomotive
-- American Smelting & Refining
-- American Telephone & Telegraph
-- Chrysler
-- Eastman Kodak
-- International Paper
-- National Cash Register
-- National Lead
-- Sears, Roebuck
-- Standard Rope & Twine
-- Studebaker
-- U.S. Cordage
-- U.S. Leather
-- U.S. Rubber
-- Western Union Telegraph
categories: Business
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