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Cablevision, Neflix, 2 Others To Join S&P 500 Index

DOW JONES NEWSWIRES Standard & Poor's announced a number of changes to its indexes, including adding Cablevision Systems Corp. (CVC) and Netflix Inc. (NFLX) to its S&P 500 index, in moves that it says better reflect the market value of the companies. F5 Networks Inc. (FFIV) and Newfield Exploration Co. (NFX) were also added to the S&P 500 index, in changes that will take place after the close of trading on Dec. 17. Cablevision is replacing King Pharmaceuticals Inc. (KG), which is set to be acquired by Pfizer Inc. (PFE). The other three are replacing The New York Times Co. (NYT), Office Depot Inc. (ODP) and Eastman Kodak Co. (EK). Those companies will likewise be placed in the S&P MidCap 400 index. S&P said the companies moving to the S&P 500 all have market capitalizations above $7 billion, while the companies moving to the S&P MidCap 400 were valued between $1 billion and $3.5 billion. Additionally, S&P SmallCap 600 companies SM Energy Co. (SM), Concur Technologies Inc. (CNQR) and East West Bancorp Inc. (EWBC) will join the S&P MidCap 400, swapping places with Corinthian Colleges Inc. (COCO), Wilmington Trust Corp. (WL) and Coldwater Creek Inc. (CWTR). Shares for the four companies moving into the S&P 500 index all rose in after-hours trading, as they often do when such moves are announced. That is because many portfolio managers try to track the index and to do that, they must buy shares of the companies that become part of it. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Stock News for Wilmington (WL)
DateTimeHeadline
04/26/201116:29:53Fed Approves M&T Bank's Acquisition Of Wilmington Trust
02/09/201118:04:10STREET MOVES: Northern Trust Makes Four Hires For Northeast
01/28/201109:12:09Wilmington Trust's 4Q Loss Widens As Loss Provision Surges
01/04/201116:51:37Wilmington Trust, To Comply With TARP, Asks CEO To Return Pay
12/09/201018:35:47Cablevision, Neflix, 2 Others To Join S&P 500 Index
12/06/201016:32:21STREET MOVES: Barclays Wealth Hires 7 Investment Representatives
11/01/201017:22:16MARKET SNAPSHOT: U.S. Stocks Up Slightly Ahead Of Midterms, Fed
11/01/201016:07:14MARKET SNAPSHOT: U.S. Stocks Turn Negative On Financial Jitters
11/01/201014:05:11MARKET SNAPSHOT: U.S. Stocks Pare Gains Ahead Of Election, FOMC
10/22/201017:10:16MARKET SNAPSHOT: U.S. Stocks Rise For Third-straight Week
09/29/201009:14:46STREET MOVES: Barclays Wealth Continues Americas Buildup
06/08/201016:46:53STREET MOVES: Bank Of America's US Trust Hires Wealth Managers
01/13/201012:40:06STREET MOVES: Wilmington Continues Push For Clients In Georgia
11/05/200911:00:07STREET MOVES: Wilmington Trust Hires Senior Family-Office Adviser

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