Five Companies Added to S&P 500

Five companies are being added to the prestigious S&P 500 Index beginning next Wednesday. The companies are MGM Resorts, ResMed, Packaging Corporation of America, A.O. Smith and Duke Realty. S&P Dow Jones Indices announced it will make the following changes to the S&P 500 and S&P MidCap 400 indices effective prior to the open of …

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IHS Markit to Join S&P 500

NEW YORK — IHS Markit will join the prestigious S&P 500 Index in June. IHS Markit provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. Headquartered in London, UK, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Research & Consulting Services Sub-Industry index. …

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Time Inc. Reports 8% Revenue Decline

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  NEW YORK — Magazine publisher Time Inc. reported financial results for its first quarter ended March 31, 2017. Revenues were down 8% and the company said it would cut its quarterly dividend from 19 cents per share to 4 cents. Total revenues decreased $54 million or 8% in the first quarter of 2017 from the …

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E*Trade Reports April Activity

NEW YORK — Discount brokerage E*TRADE Financial Corporation released its Monthly Activity Report for April 2017. Daily Average Revenue Trades (DARTs) for April were 196,022, a three percent decrease from March and a 23 percent increase from the year-ago period. Derivatives represented 31 percent of DARTs during the month. The Company added 38,904 gross new …

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IBM Shares Fall Nearly 5 Percent

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Shares in IBM fell nearly 5% after reporting earnings a day earlier. IBM stock finished Tuesday down $8.40 or 4.94% to close at $161.69. The technology giant reported revenues of $18.2 billion in the first quarter, down 3% from a year ago. Net income for the quarter was $1.75 billion. “In the first quarter, both …

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Wynn Resorts to Join NASDAQ-100 Index

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NEW YORK — Nasdaq (Nasdaq:NDAQ) announced that Wynn Resorts (Nasdaq:WYNN), will become a component of the NASDAQ-100 Index (Nasdaq:NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE) prior to market open on Monday, April 24, 2017. Wynn Resorts will replace TripAdvisor(Nasdaq:TRIP) in the indexes. Wynn Resorts is headquartered in Las Vegas, NV, and has a market …

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Panera Bread Shares Soar on Potential Deal

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Shares in Panera Bread soared nearly 8% Monday after Bloomberg reported the bakery chain is considering a sale. Panera stock was up $20.76 to close at $282.63. The company’s shares are up nearly 38% this year. Bloomberg says potential buyers include Starbucks, Domino’s Pizza and JAB Holding Company. JAB is a private equity firm that owns …

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Gartner to Join S&P 500

NEW YORK — S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: S&P MidCap 400 constituent Gartner Inc. (NYSE: IT) will replace The Dun & Bradstreet Corp. (NYSE: DNB) in the S&P 500, Dun & Bradstreet will replace Gartner in the S&P MidCap 400, …

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Synopsys to Join S&P 500

NEW YORK — S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Thursday, March 16: S&P MidCap 400 constituent Synopsys Inc. (NASD: SNPS) will replace Harman International Industries Inc. (NYSE: HAR) in the S&P 500, S&P SmallCap …

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Dish Network to Join S&P 500

NEW YORK — DISH Network Corp. (NASD: DISH) will join the prestigious S&P 500 index effective prior to the open of trading on Monday, March 13. DISH is set to replace Linear Technology Corp. (NASD: LLTC) in the index. S&P 500 constituent Analog Devices Inc. (NASD: ADI) is acquiring Linear Technology in a deal expected to …

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Three Companies to Join S&P 500

NEW YORK — Incyte, CBOE Holdings, and Regency Centers are set to join the S&P 500 index next month, replacing three separate companies according to S&P Dow Jones Indices. The S&P 500 is a broad composite index of 500 of the top publicly-traded companies in the nation. S&P Dow Jones will make the following changes to …

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L Brands Sinks on Earnings Report

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L Brands, parent company of the Victoria’s Secret and Bath and Body Works chains, saw its shares plunge Thursday after reporting fourth-quarter earnings. Net sales for the fourth quarter ended Jan. 28, 2017, were $4.489 billion, an increase of 2 percent compared to $4.395 billion for the quarter ended Jan. 30, 2016. Comparable sales for …

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Goldman Vice Chairman Sells 16,185 Shares

Pablo Salame, a Vice Chairman of Goldman Sachs, sold 16,185 shares of company stock this month — earning $3,887,313 — according to a filing with the Securities and Exchange Commission. The filing reported Salame sold 16,185 shares on February 7 at $240.18 per share. Salame is a Vice Chairman of The Goldman Sachs Group, Inc. …

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