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Standard & Poor’s Announces Changes to U.S. Indices
Tyco Electronics Ltd. (TEL) will be removed from the S&P 500 after
the close of trading on Thursday, June 25. Tyco is in the process of
redomesticating to Switzerland, rendering it ineligible for continued
inclusion in the S&P 500 index. Tyco Electronics' place in the S&P
500 will be taken by MetroPCS Communications (PCS) effective after
the close of trading on Monday, June 29. S&P SmallCap 600 constituent
Fossil Inc. (FOSL) will replace YRC Worldwide Inc. (YRCW) in the
S&P MidCap 400, and Align Technology Inc. (ALGN) will replace Fossil
Inc. in the S&P SmallCap 600. As of today's close of trading, YRC
Worldwide had a market capitalization of approximately $100 million,
ranking it 400th in the index
Economic
10:00
Existing Home Sales (May): 4.83M cons.
TOP FINANCIAL NEWS
BUSINESS
NEWS
After Hours Summary
ISIL +6.3% (raises Q2 revenue guidance)
Companies trading lower in after hours in reaction to earnings
SWHC -4.4%...
Companies trading higher in after hours in reaction to news:
PCS +6.5% (Tyco Electronics' place in the S&P 500 will be taken by
MetroPCS Communications (PCS)); ISIL
+6.3% (raises Q2 revenue guidance)...
Companies trading lower in after hours in reaction to news:
RMBS -7.7% (guides Q2 in line; files for $150 mln shelf offering of
Convertible Senior Notes due 2014); ATU -7.4% (announces 9 mln
common share offering).
Earnings
Before:
CRMT, CMC, KR, SCS
After:
AVAV, APOG, DRI, FUL, JBL, ORCL, SONC, NCTY,
VIMC
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