EconoBlog

Bank of America Corp. and Chevron Corp. will replace tobacco company Altria Group Inc. and manufacturer Honeywell International Inc. in the Dow Jones industrial average, giving the stock market’s best-known indicator bigger slices of the banking and energy sectors.
Bank of America, based in Charlotte, N.C., is the nation’s biggest bank by deposits. Chevron, the energy […]

Chevron Corp., the second largest U.S. oil company, said Friday its profit rose 29.2% in the fourth quarter, beating expectations, as surging prices for crude oil offset weak results from its refining business.The oil company posted earnings of $4.88 billion, or $2.32 per share, up from $3.77 billion, or $1.74 per share, a year earlier. […]