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GM, Citi out of DJIA

Replacing the once-powerhouse corporations on the Dow Jones Industrial Average are Travelers Cos. and Cisco Systems Inc. Bankruptcy is an automatic disqualifier to be on the benchmark index. GM has been a Dow component for 83 years. Change takes effect next week.


More by Mark Lacter:
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Recent stories on LA Observed:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about

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