toggle

AAPL Stock: 113.99 ( + 1.98 )

Printed from http://www.macnn.com

CNN: Dow should replace AIG with Apple

updated 09:40 pm EDT, Mon September 15, 2008

Apple suggested for Dow

A decade ago, Apple was the subject of deathwatches and buyout rumors. Now, a CNN Money editor at large is suggesting that Apple could replace AIG in the Dow Jones industrial average. The New York Times is reporting that AIG (American International Group), a large insurance company, is seeking a $40 billion bridge loan from the Federal Reserve, in the face of a potential downgrade from credit ratings agencies that could spell its doom. CNN Money is reporting that AIG will have to sell its aircraft-leasing arm, International Lease Finance Corp, and possibly its annuities business and auto insurance unit to raise cash.

With AIG's extraordinary troubles, CNN Money's Paul La Monica suggests that Apple should be considered as a replacement for the floundering insurance company on the Dow, with Wells Fargo and Cisco Systems also mentioned as contenders. La Monica said, "Apple dominates the consumer electronics market with its iPod and iPhone and is expected to generate $40.4 billion in sales in its next fiscal year - higher than the estimated revenue for Dow components Coca-Cola, Walt Disney and Alcoa."




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. testudo

    Joined: Dec 1969

    -1

    good

    Maybe this will get the price of the stock back up....

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

DoxieGo Portable Scanner

Sometimes, people need to scan things, but having a computer at hand to do so isn't exactly feasible. Maybe it's the home of a relat ...

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

toggle

Most Commented