Warren Buffett’s Favorite Kraft To Replace Sinking AIG In Dow
Posted on September 19, 2008 at 11:00 AM EDT
As the financial sector continues to roil with uncertainty and unease, Kraft Foods Inc. (KFT) has been selected to replace American International Group Inc. (AIG) in the Dow Jones Industrial Average (^DJI). AIG stock plunged today (Thursday) after the U.S. Federal Reserve’s $85 billion bailout of the flagging insurer, taking the [...]