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BUSINESS
December 6, 2002 | From Associated Press
Finance officials from California and nine other states asked Standard & Poor's to remove 10 offshore companies from the S&P 500 index. The request is the latest in a series of attempts to pressure the companies to reregister in the United States. National labor officials joined the state officials in arguing that the companies aren't paying their fair share of taxes because they're based in places such as Bermuda or the Cayman Islands.
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BUSINESS
December 6, 2000 | Dow Jones
Standard & Poor's said Tuesday that it will add QLogic Corp., an Aliso Viejo designer of chips and circuit boards that link computers and data-storage systems, to its S&P 500 Index. S&P said in a press release that QLogic, already an S&P MidCap 400 component, will join two other newcomers, Vitesse Semiconductor Corp. and Stryker Corp., effective Monday. The companies will replace Polaroid Corp., Springs Industries Inc. and Russell Corp., all of which will move to the SmallCap 600 index.
BUSINESS
September 24, 1996 | From Bloomberg Business News
None of the 10 biggest U.S. stock mutual funds is generating higher returns than the Standard & Poor's 500 index over the last three years. The funds, ranging from the $53.2-billion Fidelity Magellan Fund to the $15.2-billion Vanguard Windsor Fund, have all recorded lower gains than the S&P 500's annual return of 17.1% since September 1993, according to a report by Lipper Analytical Services Inc.
BUSINESS
August 8, 2009 | Associated Press
NEW YORK -- Stocks rose early today after a new report showed job losses were less than anticipated and the unemployment rate unexpectedly dipped. Overseas markets also rallied on the U.S. jobs data. In the latest sign the economy could be recovering faster than expected, the Labor Department said companies shed 247,000 jobs in July. Economists had expected 320,000 job cuts. The unemployment rate dropped to 9.4 percent from 9.5 percent in June. Economists forecast the rate would rise to 9.6 percent.
CALIFORNIA | LOCAL
October 24, 2000 | BARBARA MURPHY
Power-One Inc. in Camarillo, a maker of power conversion products, has been added to the S&P 500 Index. The company replaced Unicom Corp. on the index. "We believe that this will raise our visibility within the investment community," said Steve Goldman, Power-One's chief executive. "In addition, we believe that our selection is recognition that Power-One is an industry leader." Power-One manufactures products primarily for the communications industry.
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