(Removes reference to Altria, which had been incorrectly identified as a Dow Jones industrial average component)
Jump to full article: Reuters, 2008-09-18
Intro: "Apart from being a leader in the food industry, Kraft is a great defensive stock too. . . .
Dow Jones Indexes said it was adding Kraft as the Dow had no representation in food products. The last stand-alone food company in the index was General Foods, which was removed in 1985.
Kraft's spokesman Michael Mitchell said the company was "thrilled that Kraft will be joining the many iconic companies that make up the Dow Jones Industrial Average. Joining the stocks of the Dow Jones index is a wonderful affirmation of our leadership in the food sector."
The changes won't cause any disruption in the level of the index, Dow Jones Indexes said.
The last component change in the Dow occurred on February 19, 2008, when tobacco company Altria Group and Honeywell were replaced by Chevron and Bank of America .
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