Apple to replace AT&T in Dow Jones index
NEW YORK – Apple is in. AT&T is out.
In another victory of sorts for the popular and profitable iPhone giant, Apple will replace AT&T in the venerable Dow Jones industrial average on March 19, the manager of the index announced Friday.
The move isn’t likely to impact the 30-stock index much and will have no effect on the fortunes of the two companies. But market experts say it does have symbolic importance.
The reshuffling of the 119-year-old Dow, a barometer of market fortune and folly once dominated by railroads, also reflects a changed business world.
CIA chief orders reshuffling of agency
WASHINGTON – Director John Brennan has ordered a sweeping reorganization of the CIA, an overhaul designed to make its leaders more accountable and close espionage gaps amid widespread concerns about the spy agency’s limited insights into a series of major global developments.
Brennan announced the restructuring to the CIA workforce on Friday, including a new directorate devoted to boosting the CIA’s computer hacking skills. He said the move comes after nine outside experts spent three months analyzing the agency’s management structure, including what deputy CIA director David Cohen called “pain points,” organizational areas where the CIA’s bureaucracy does not work efficiently.
Brennan said the changes are necessary to address intelligence gaps that the CIA is not covering.
Associated Press
