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Amazon Just Made It to the Big Time on Wall Street

E-commerce giant joins Dow's blue chips, bumps Walgreens ahead of Walmart stock split

(Newser) - Amazon is joining the ranks of one of Wall Street's oldest and most exclusive stock indexes: the Dow Jones Industrial Average. The e-commerce pioneer will officially take its position in the 30-company Dow before the open of trading Monday, replacing drugstore operator Walgreens Boots Alliance, per the AP . S&...

Dow Dumps Bank of America, HP, Alcoa

Nike, Visa, and Goldman Sachs to replace them

(Newser) - The Dow Jones Industrial Average is ditching Hewlett-Packard, Bank of America, and Alcoa, it announced today, in what the Wall Street Journal is calling "the biggest shake-up of the 30-stock index in almost a decade." The Dow will add Nike, Visa, and Goldman Sachs to replace the three...

Mideast Markets Dive on US Downgrade

S&P credit rating reverberates overseas, as well

(Newser) - Stocks tumbled across the Middle East today as most regional markets reopened following the historic downgrade of the United States' credit rating. The region's markets mostly operate Sunday to Thursday, meaning they were the first to react to Standard & Poor's decision late Friday to cut the US...

Berkshire May Join S&P 500
 Berkshire May Join S&P 500 
Nov 6, 2009 10:34 AM CST

Berkshire May Join S&P 500

Burlington Northern acquisition puts Buffett in index's sights

(Newser) - Could Warren Buffett finally be headed to the S&P 500? For years, Berkshire Hathaway’s stock—both the A shares and the so-called “Baby Berkshire” B shares—have been too expensive for the index, at $101,000 and $3,380 each, respectively. But now that Berkshire has acquired...

As Stocks Tank, Campbell's Proves Hearty

Soup giant was the only S&P 500 company to see rise

(Newser) - As investors stampeded to sell stocks as confidence plunged yesterday, lonely cans of Campbell's soup stood supreme. By the time the dust cleared, Campbell's was the only one of 500 firms in the Standard & Poor's index whose stocks rose, Reuters reports. The soup's shares jumped 12 cents. Some analysts...

AIG Rescue Boosts Euro Stocks; Asia Rally Fades

Still 'edgy,' notes analyst

(Newser) - European stocks edged up today for the first time in three days on news of the US government's $85 billion bailout of insurance giant AIG—but an early rally in Asian markets faded, reports Bloomberg and the New York Times. Europe's Stoxx 600 climbed as much as 1.9% after...

Medvedev Urges Calm in Russian Market Crisis

With stocks off big, bank chief warns of lack of liquidity

(Newser) - The Russian economy is skidding, and its leaders are giving somewhat contradictory messages, the AP reports. Shortly after President Dmitry Medvedev assured the public today that stock-market troubles don’t “reflect the actual state of the economy,” the chairman of the country’s central bank said “as...

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