This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Time Warner Cable Joins S&P 500 Index

NEW YORK (AP) ¿ Standard & Poor's said Wednesday it will add Time Warner Cable Inc. to its S&P 500 index, replacing mall owner Developers Diversified Realty Corp., after the market closes on March 27, when parent company Time Warner Inc. is expected to spin off its remaining interest in the cable operator to its shareholders.

In addition, auto parts retailer O'Reilly Automotive Inc. will replace offshore drilling contractor Noble Corp. in the S&P 500. On Tuesday, Noble said its shareholders have approved switching the company's incorporation from the Cayman Islands to Switzerland, which will make it ineligible for the S&P 500 index.

Itron Inc., which makes meter reading equipment for utilities, will replace O'Reilly in the S&P MidCap 400, while financial services company NBT Bancorp Inc. will replace Itron in the S&P SmallCap 600.

S&P has not yet announced the date of those changes.

Standard & Poor's is a subsidiary of McGraw-Hill Cos. Shares of companies added to the S&P 500 often rise, since many investment portfolios are linked to the index.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DDR $16.30 -1.00%
ITRI $34.37 -1.30%
NBTB $27.25 -1.40%
NE $12.08 0.42%
ORLY $251.49 -2.20%


Chart of I:DJI
DOW 17,081.89 -49.97 -0.29%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,796.6090 -42.0340 -0.87%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs