>> General Electric, the last founding member of the Dow Jones Industrial Average is getting the boot. The elite club of closely watched 30 stocks, Tuesday dropping GE from its ranks after more than a century. GE's departure from the Dow coming after what has been a steep fall from grace.
Shares of GE are trading near a nine-year low down 60% from a record high set back in the year 2000. In its glory days, GE was considered an economic bellwether with businesses stretched across almost every sector of the global economy. But it's fallen on hard times in recent years, forcing it to sell off assets to focus on three areas where it hopes it can still be a market leader.
Power, healthcare and aviation. Investors now fear a cut in the dividend, which would be devastating for the legions of GE retirees holding the stock. GE exits the Dow on June 26 and will be replaced by drugstore chain, Walgreens Boots Alliance.