Goodbye Hughes Electronics, Hello DirecTV Group


Effective Tuesday, Hughes Electronics Corp. is now The DirecTV Group Inc.

The company also changed its ticker symbol on the New York Stock Exchange to "DTV" from "HS."

"The future of this company is centered on DirecTV, and DirecTV will drive both our strategy and shareholder value going forward," CEO Chase Carey said in a prepared statement.

"Our new name better reflects our commitment to building our business around DirecTV, the established leader in digital-multichannel-television service in the United States," he added.