Miles per hour — out. Bits per second — in.Dow Jones & Co. said Monday it would add Cisco Systems Inc., the world’s largest maker of computer networking hardware, to the 30-stock industrial average, replacing General Motors Corp. The change takes effect June 8.
The automotive giant filed for bankruptcy protection Monday. Meanwhile, Cisco has been weathering the recession without major layoffs, and has kept acquiring companies to expand its technology portfolio.
Shares of San Jose, Calif.-based Cisco rose 96 cents, or 5.2 percent, to .46 in midday