Indy 500's Borg-Warner Trophy, Valued at $3.5-Million, Visits NYSE

Friday was the 100 day countdown to the Indianapolis 500, known as the largest single-day sporting event in the world. To mark the occasion, James Verrier, President & CEO of BorgWarner (BWA) rang the closing bell at the New York Stock Exchange. He was joined at the podium by Mark Miles, CEO of Hulman & Company, which is the parent of INDYCAR and the Indianapolis Motor Speedway. The Borg-Warner trophy, valued at $3.5-million, was on display on the NYSE trading floor. 'Our name has been on it since 1936,' said Verrier. 'It's about five feet four inches, 110 pounds, and it's a beautiful, beautiful trophy.' This year's Indy 500 race will be held on May 29. TheStreet's Rhonda Schaffler has details from the NYSE.