- Dubai Struggles to Ease Debt Fears; Investors Rattled
- US Dollar Falls to 14-Year Low Against the Yen
- US Companies Already Moving on Curbing Emissions
- Fannie Mae to Tighten Lending Standards: Report
- Investing in Good Karma – and Making a Profit
- Retailers Should Believe in Christmas Miracles
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Steepest Black Friday Discounts, Revealed
- Lloyds Gets OK for Record $22.5 Billion Rights Issue
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
MOST SHARED
- Kuoni CEO Sees Recovery in Travel Sector
- Gold Retreats from Record High as Dollar Rebounds
- Dubai Struggles to Ease Debt Fears; Investors Rattled
- Chinese Overcapacity is Worsening, EU Chamber Warns
- China Unveils Carbon Target Ahead of Copenhagen
- Euro Shares Record Biggest Drop in 7 Months
- Wal-Mart Price Pressure Hurts China Workers: Report
- Great Britain, No Longer That Great: Investor
- Fannie Mae to Tighten Lending Standards: Report
Text Size 
Standard & Poor's made changes to several indexes due to Tyco International and Morgan Stanley spin-offs, and the inability of some companies to meet minimum market capitalization requirements.
After the close of trading June 29, S&P said medical device manufacturer Covidien will replace National Semiconductor in the S&P 100 and contract electronics maker Sanmina-SCI in the S&P 500.
Meanwhile, Tyco Electronics will replace chip maker PMC-Sierra in the S&P 500 and the new Tyco International stock will replace the old ticker in the S&P 100 and 500.
The change comes after Tyco said it is spinning off Covidien and Tyco Electronics in a transaction expected to close June 29.
Sanmina-SCI and PMC-Sierra had market capitalizations that fell below the S&P 500 requirement for a minimum market capitalization of $4 billion.
S&P also said Discover Financial Services will replace networking equipment and software provider ADC Telecommunications in the S&P 500 and ADC will take PH Glatfelter's spot in the S&P MidCap 400.
S&P said it is making the switch because Morgan Stanley is spinning off Discover and PH Glatfelter did not meet the minimum $1 billion market capitalization rule for the S&P MidCap 400.
Print
Email
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
- Ever wished your cab driver would stop nattering and just get to where you're going? Well that moment is near(er).
- Eric Schmidt pledges to create a virtual copy of the Iraq National Museum at Google’s expense.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- More shoppers than ever plan to comparison-shop this season. Who will benefit?
- It may be the most unusual guide to business you'll read.
Data is a real-time snapshot *Data is delayed at least 15 minutes