Standard & Poor's Announces Changes to U.S. Index
November 29 2005 - 5:42PM
PR Newswire (US)
NEW YORK, Nov. 29 /PRNewswire/ -- Genworth Financial Inc.
(NYSE:GNW) will replace Calpine Corp. (NYSE:CPN) in the S&P 500
after the close of trading on Thursday, December 1. After the close
of trading on Tuesday, November 29, Calpine had a market
capitalization of approximately $307 million, ranking 500th in the
Index. Standard & Poor's will monitor this transaction, and
post any relevant updates on its website:
http://www.standardandpoors.com/. Genworth Financial is an
insurance company that serves lifestyle protection, retirement
income, investment and mortgage insurance needs globally.
Headquartered in Richmond, VA, the company will be added to the
S&P 500 GICS (Global Industry Classification Standard)
Multi-line Insurance Sub-Industry Index. Following is a summary of
the change: S&P 500 INDEX - December 1, 2005 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Genworth Financial
Financials Multi-line Insurance DELETED Calpine Utilities
Independent Power Producers & Energy Traders Additions to and
deletions from an S&P equity index do not in any way reflect an
opinion on the investment merits of the companies concerned. About
Standard & Poor's Standard & Poor's, a division of The
McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider
of independent credit ratings, indices, risk evaluation, investment
research and data. With approximately 6,300 employees located in 20
countries and markets, Standard & Poor's is an essential part
of the world's financial infrastructure and has played a leading
role for more than 140 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/. Founded in 1888, The McGraw-Hill
Companies is a leading global information services provider meeting
worldwide needs in the financial services, education and business
information markets through leading brands such as Standard &
Poor's, McGraw-Hill Education and BusinessWeek. The Corporation has
more than 300 offices in 40 countries. Sales in 2004 were $5.3
billion. Additional information is available at
http://www.mcgraw-hill.com/. DATASOURCE: Standard & Poor's
CONTACT: David M. Blitzer, Ph.D. Managing Director & Chairman
of the Index Committee (212) 438-3907 Web site:
http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
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