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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
November 26, 2010
Stocks are sinking at the end of a shortened session on Wall Street amid uncertainty surrounding Europe's debt troubles and North Korea's war threats. European stock markets and the euro fell Friday as worries mounted that Portugal will also need a bailout, even as the details on Ireland's bailout were being worked out. The Dow Jones industrial average fell 95, or 0.9 percent, to 11,092. The S&P 500 index was down 8, or 0.7 percent, to 1,190. The Nasdaq composite index fell 9, or 0.3 percent, to 2,535.
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