After many years on the outside, tech giant Apple Inc. (AAPL) will finally be added to the Dow Jones Industrial Average, S&P Dow Jones Indices announced on Friday. Apple, the maker of the iPhone and iPad, will replace telecom giant AT&T Inc. (T) in the well-known stock market index.
With a strong portfolio of unrivaled brands, and an innovative pipeline to address changing consumer preferences, this food and beverage giant is striving to improve its operational strategy and product quality to avoid costly executional missteps and recalls that held back its productivity in the past year.
The Federal Reserve announced on Thursday that all of the thirty one largest banking institutions in the U.S. have passed the annual supervisory stress test, reflecting continued broad improvement in their capital positions since the financial crisis in 2008. These also included U.S. subsidiaries of large foreign banks.