NEW YORK, Sept. 28, 2010 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced a component change in the Dow Jones Transportation Average.
Continental Airlines, Inc. Class B (NYSE:CAL) will be deleted from the Dow Jones Transportation Average at the open of trading on Friday, October 1, 2010. Continental is being removed due to the airline's merger with UAL Corporation. Concurrent with the merger, UAL Corp. will change its name to United Continental Holding, Inc. and its exchange listing to the New York Stock Exchange (NYSE:UAL) from NASDAQ.
UAL Corp. was in the Dow Jones Transportation Average from January 2, 1970, until December 6, 2002, when it was removed from the index because the company filed for bankruptcy protection and trading of its stock was suspended on the New York Stock Exchange. (UAL Corp. was renamed Allegis from early 1987 until June 1988, when the original name was readopted).
The Dow Jones Transportation Average tracks 20 U.S. transportation stocks. Other members of the Dow Jones Averages family are the Dow Jones Industrial Average, the Dow Jones Utility Average, the Dow Jones Composite Average and The Global Dow.
Further information as well as the component list of the Dow Jones Transportation Average can be found at .
Company additions to and deletions from the do not in any way reflect an opinion on the investment merits of the companies.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com
About Dow Jones Indexes
Dow Jones Indexes ( www.djindexes.com ) is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is the marketing name for CME Group Index Services LLC, a joint venture company which is owned 90 percent by CME Group Inc. ( www.cmegroup.com ) and 10 percent by Dow Jones & Company, Inc. ( www.dowjones.com ), a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) ().
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"Dow Jones®", "Dow Jones Indexes", "Dow Jones Averages" and all other index names listed above are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), and have been licensed for use by CME Group Index Services LLC ("CME Indexes"). Investment products based on the Dow Jones Transportation Average are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of Dow Jones, CME Indexes and their respective affiliates make any representation regarding the advisability of investing in such products. Inclusion of a company in the Dow Jones Transportation Average does not in any way reflect an opinion of Dow Jones, CME Indexes or any of their respective affiliates on the investment merits of such company. None of Dow Jones, CME Indexes or any of their respective affiliates is providing investment advice in connection with these indexes.
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