Has a component company of the Dow Jones Industrial Average ever filed for bankruptcy?
edolexajdmba asked:
news is that GM will file for Chapter 11 bankruptcy protection. GM is a component of the Dow Jones Industrial Average (one of the 30). Is this the first time in the history of the average that this has happened?
news is that GM will file for Chapter 11 bankruptcy protection. GM is a component of the Dow Jones Industrial Average (one of the 30). Is this the first time in the history of the average that this has happened?
Tags: Bankruptcy News, Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Dow Jones, Dow Jones Industrial, Dow Jones Industrial Average, File Bankruptcy, Gm
By jeff410, March 28, 2009 @ 10:12 pm
I think Johns-Manville in 1982 when they filed for bankruptcy because of asbestos claims.
By financegal27, March 31, 2009 @ 4:10 pm
Yes the Dow Jones site offers a great interactive history, the following companies went bankrupt while they were still a component:
U.S. Cordage
Johns-Manville Corporation
Woolworth Corporation