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. He was senior editor of news in the ’90s, ran MPR’s political unit, created the MPR News regional website, invented the popular Select A Candidate, started several blogs, and every day laments that his Minnesota Fantasy Legislature project never caught on.
NewsCut is a blog featuring observations about the news. It provides a forum for an online discussion and debate about events that might not typically make the front page. NewsCut posts are not news stories.