Kodak’s Moment Is Over

Dow Jones boots the photo company from its industrial stock index.

Dow Jones announced today  that it is dropping three companies from its index of the top 30 industrial stocks as of April 8: Eastman Kodak, AT&T Corp., and International Paper. In a January “Moneybox” column, Daniel Gross foresaw Kodak’s expulsion from the Dow, explaining that the company’s flat-footed response to the digital-photography revolution and foreign competition have transformed it from a global giant into an also-ran.