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BUSINESS
February 28, 2001 | Dow Jones
Newport Corp., an Irvine supplier of high-precision fiber-optic instruments, will be added to the Standard & Poor's MidCap 400 Index after the close of trading today. Newport will replace Cintas Corp., the maker of corporate-identity uniforms that is moving to the S&P 500 Index, replacing Summit Bancorp. FleetBoston Financial Corp. is acquiring Summit in a transaction expected to close today.
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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.
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 21, 2000 | Staff reports
Monday was a down day for biotech shares, but Standard & Poor's Corp. paid Chiron Corp. (CHIR) a compliment after trading ended: S&P said it will add Chiron to the blue-chip S&P 500 index. Chiron, formerly a member of the S&P mid-cap 400 index, will replace Fort James (FJ) in the S&P 500 after the close of trading on a date to be announced, S&P said. Fort James is being acquired.
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