- Dell Taking Further Steps To Cut Staff and Costs
- Marvel Posts Marvel-ous Profits, Sees Modest 2009
- Consumer Bankruptcies Soar in October
- Why the US Market Rallied Even Before Vote Was Over
- Fiscal Boost Needed to Lift Economy: Fed's Fisher
- World Closely Watching US Election
- GE Open to Using Bailout Money For Lending Arm
- Factory Orders Drop More than Expected
- Global Stocks Stage Rally As US Votes for President
- Oil: Fourth Biggest One-Day Gain Ever
- Investor Fear Dropping
- Election Day Long Lines Are For—Starbucks!
- Stop Trading!: Election Day Trading
- Intrade Political Futures: Will this election make the Senate Filibuster Proof?
- Big Pharma "Healthier" For Obama With Campaign Money
- Iron Man Drives Marvel's 40 Percent Earnings Growth
- More From McCain Headquarters: Will Palin Speak? (Yes)
- Accidental Dividends?
- D.R. Horton expects $800M-$900M loss in 4Q
- Boeing says 787 test flight delayed due to strike
- Unit Corp. shares rise on 3Q profit report
- PetroQuest 3rd-quarter profit more than doubles
- Columbia Sportswear cutting 75 jobs as orders slip
- Bomb explodes at Swedish hotel, 1 injured
- This year's Antarctic zone hole is 5th biggest
- Report: Drilling on federal lands could be faster
- Pinnacle West Capital profit falls 27 pct in 3Q
- Myriad Genetics hits high after solid 3Q results
Shares of Smucker rise ahead of S&P 500 listing
Text Size 
MILWAUKEE - Shares of J.M. Smucker Co. rose Friday, one day after Standard & Poor's said it would add the jam and jelly maker to the S&P 500-stock index next week.
Smucker shares rose $2.17, or nearly 5 percent, to $45.65 in morning trading Friday.
The Orrville, Ohio, company will replace Terex Corp. in the index on Wednesday. That's the day its deal to take over the Folgers coffee business of Procter & Gamble Co. is set to expire. The $2.95 billion stock deal will roughly double the size of Smucker.
Terex, a construction-equipment builder based in Westport, Conn., will replace Smucker in the S&P MidCap 400.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Tools:
Print
Email
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes