Quite a slap in the face was delivered to a former Minnesota company today, when Honeywell was removed from the prestigious 30 Dow Jones Industrials.
Chevron and Bank of America were added in place of Honeywell, and Altria, the tobacco company.
Honeywell is being dropped because it is the smallest of the industrials in terms of revenue and earnings. It is also reflective of the fact the U.S. economy isn’t as much about industrials anymore.
About the blogger
Bob Collins has been with Minnesota Public Radio since 1992, emigrating to Minnesota from Massachusetts where he was VP of programming for Berkshire Broadcasting Co. He was an editor at the RKO Radio Network in New York, and WHDH Radio in Boston. He is the founder of the MPR News’ website. He is a private pilot and flies an airplane he built.