Over 130 points lost, regained after false attack on White House
The Twitter account of the Associated Press news agency falsely declared an attack on the White House, after hackers took control of the account. The message, appearing on the AP's main Twitter feed, has since been confirmed as "bogus" by the agency, but not before it negatively-affected the Dow Jones for a short period of time.
Google, Cisco to Dow Index
Google and Cisco are among the top companies being considered to be entered into the Dow Jones industrial average index, bumping GM and Citigroup, whose shares have recently dipped below $2 and threatened their status as blue chip stocks, or sure things in the investment world, says a Monday report. They are not alone, however, as Apple, US Steel, Goldman Sachs, Visa, Aflac and Northern Trust are other candidates, as chosen by Reuters. Likewise, analysts believe Citigroup and GM are just the most likely companies to be replaced from the Dow index. Four other stocks listed on the Dow have fallen to below $10.
Dow Jones iPhone app
Market tracker Dow Jones has launched Dow Jones: Sales Triggers, a new iPhone app that provides alerts on business-related news. The app uses predefined news categories for its triggers; alerts can be raised, for instance, by management changes, such as a CEO, CFO or other major player leaving or joining a company. Mergers, acquisitions and new investments can also be triggers.
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.
Dow Jones OKs iPhone
Dow Jones -- owned by News Corp., and responsible for financial publications like the Wall Street Journal -- has given its seal of approval to the iPhone, according to another one of its publications, Barron's. The company's Global Technology Services division is now supporting the phone through use of Microsoft ActiveSync technology, which enables the iPhone to access corporate e-mail via Exchange. Like most such services, users require a password and will have data locked or deleted in case a phone goes missing.