This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Standard & Poor's Announces Changes to U.S. Indices 2009-10-29 18:22 ET - News Release Also News Release (U-FCX) FREEPORT-MCMORAN COPPER & GO
Also News Release (U-MHP) MCGRAW HILL COS INC
Also News Release (U-MRK) MERCK & CO INC
Also News Release (U-PCLN) PRICELINE.COM INC
Also News Release (U-SGP) SCHERING PLOUGH CORP
NEW YORK, Oct. 29 /PRNewswire/ -- S&P 500 constituent Freeport -McMoRan Copper & Gold Inc. will replace Schering-Plough Corp. in the S&P 100, S&P MidCap 400 constituent Priceline.com Inc. will replace Schering-Plough in the S&P 500, and MSCI Inc. will replace Priceline.com in the S&P MidCap 400, all after the close of trading on a date to be announced. Schering-Plough is merging with S&P 100 and 500 constituent Merck & Co. in a deal expected to be completed soon pending final approvals. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com. Freeport -McMoRan Copper & Gold is headquartered in Phoenix, AZ. Priceline.com is a global online travel company. Headquartered in Norwalk, CT, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Internet Retail Sub-Industry index. MSCI is a provider of investment decision support tools. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS Specialized Finance Sub-Industry index. Following is a summary of the changes:
S&P 100 INDEX - TBA
--------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Freeport McMoRan Materials Diversified Metals
Copper & Gold & Mining
DELETED Schering-Plough Health Care Pharmaceuticals
S&P 500 INDEX - TBA
----------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Priceline.com Consumer Internet
Discretionary Retail
DELETED Schering-Plough Health Care Pharmaceuticals
S&P MIDCAP 400 INDEX - TBA
-----------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED MSCI Financials Specialized
Finance
DELETED Priceline.com Consumer Internet
Discretionary Retail
About Standard & Poor's Index Services Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. For more information, please visit www.standardandpoors.com/indices. About Standard & Poor's Standard & Poor's, a subsidiary of The McGraw-Hill Companies , is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com Standard & Poor's The remainder is available to Stockwatch subscribers.
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