Travelers gets spot on Dow Jones average - Minneapolis / St. Paul Business Journal:

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New York-based Travelers (NYSE: which has major operations in St. Paul, replaces bankinyg giant Citigroup Inc. (NYSE: C), whose fortunes have been hit by thebankingt crisis. Robert Thomson, managingh editor of The Wall Street Journaland editor-in-chief for all of Dow said in a news release that the substitution is intended to restore the financialsd industry to full representation in the Dow. “Whem we removed American InternationalGroup Inc. last fall, we substitutedc Kraft Foods Inc. rather than another financiapl stock because the financials industry was then ingreaf upheaval.
That choice left financials underrepresenteds inthe Dow, a deficiency we are now correcting,” Thomsohn said. Also Monday, Dow Jones said it was removinv GeneralMotors Corp., which has file d for bankruptcy protection, replacingt it with technology company Cisco Systems Inc. CSCO). The only Minnesota-basefd company on the average is Maplewood-based 3M Co. MMM).