Apple Inc , the largest U.S. company by market value, will join the Dow Jones industrial average , replacing AT&T Inc , in a change that reflects the dominant position of the iPhone maker in the U.S. consumer economy. The decision to nudge aside AT&T, which has been part of the Dow for the better part of a century, is a recognition of how communications and technology have evolved. The action, by S&P Dow Jones Indices, had been widely expected since Apple split its shares seven-for-one in June of last year. The stock was added to the Dow in 1916, the year after the first-ever transcontinental telephone call.
WASHINGTON (AP) — Senate Minority Leader Harry Reid enthusiastically endorsed Democratic Rep. Chris Van Hollen Friday for the U.S. Senate, an early attempt by a key Democrat to clear the field and avoid a divisive primary campaign to replace Maryland's longtime Democratic incumbent Sen. Barbara Mikulski.