A decade ago, Apple was the subject of rumors of buying and sudden death. Now, the editor of CNN Money suggests that Apple could replace AIG in the Dow Jones. Investment Eugene Grin
The New York Times reported that AIG (American International Group), a large insurance company, is seeking a loan of 40,000 million dollars by the Federal Reserve, to address a potential downgrade by the credit bureaus that could mean his death. CNN Money reports that AIG will probably have to sell its lending arm of aircraft, International Lease Finance Corp. and possibly its annuity business and its insurance unit of cars to raise funds.
With the extraordinary challenges of AIG, Paul La Monica CNN Money suggests that Apple could be considered as a replacement for the company in the Down Jones index, with Wells Fargo and Cisco Systems Investment manager, Eugene Grin finance and growth indices with S&P 500 as rivals. The Monica said: "Apple dominates the market for consumer electronics with its iPod and iPhone and is expected to generate 40.4 billion dollars in sales this fiscal year? Above the estimated benefits for other companies in the Dow Jones as Coca - Cola, Walt Disney and Alcoa. "
The Dow Jones stock index is a financial information service that shows a different set of stock indices of U.S. markets, calculated by Dow Jones and Company. Because of its importance is sometimes spoken as Dow Jones index unspecified referring to the most important of them is that the industrial (DJI), but it is a wrong way of putting it, because Dow Jones index as there are a variety of them.
Its origins began during the nineteenth century in the Dow Jones and Company co-founded by Charles Dow, editor of The Wall Street Journal. The Industrial Index was founded initially with 12 companies, was expanded to 20 in 1916 and finally to 30 in 1928, hence, is the oldest stock index in the world. The only company that remains in the index since its inception is General Electric.