Standard & Poor's Announces Change to U.S. Index
January 21 2010 - 5:54PM
PR Newswire (US)
NEW YORK, Jan. 21 /PRNewswire-FirstCall/ -- NRG Energy Inc.
(NYSE:NRG) will replace Sun Microsystems Inc. (NASDAQ:JAVA) in the
S&P 500 after the close of trading on a date to be announced.
Sun Microsystems is being acquired by S&P 100 & 500
constituent Oracle Corp. (NASDAQ:ORCL) in a cash deal expected to
be completed soon, pending final approvals. Standard & Poor's
will monitor this transaction, and post any relevant updates on its
website: http://www.standardandpoors.com/. NRG Energy is a
wholesale power generation company. Headquartered in Princeton, NJ,
the company will be added to the S&P 500 GICS (Global Industry
Classification Standard) Independent Power Producers & Energy
Traders Sub-Industry index. Following is a summary of the change:
S&P 500 INDEX - TBA --------------------- COMPANY GICS ECONOMIC
SECTOR GICS SUB-INDUSTRY ------------- --------------------
--------------------------- Independent Power Producers ADDED NRG
Energy Utilities & Energy Traders ------- -------------
-------------------- --------------------------- Sun DELETED
Microsystems Information Technology Computer Hardware -------
------------- ---------------------- ---------------------------
For more information about S&P Indices, please visit
http://www.standardandpoors.com/indices. About S&P Indices
S&P Indices, the world's leading index provider, maintains a
wide variety of investable and benchmark indices to meet an array
of investor needs. Over $1 trillion is directly indexed to Standard
& Poor's family of indices, which includes the S&P 500, the
world's most followed stock market index, the S&P Global 1200,
a composite index comprised of seven regional and country headline
indices, the S&P Global BMI, an index with approximately 11,000
constituents, and the S&P GSCI, the industry's most closely
watched commodities index. For more information, please visit
http://www.standardandpoors.com/indices. About Standard &
Poor's Standard & Poor's, a subsidiary 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 offices in 23 countries and markets,
Standard & Poor's is an essential part of the world's financial
infrastructure and has played a leading role for nearly 150 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/
DATASOURCE: Standard & Poor's CONTACT: David M. Blitzer, Ph.D.,
Managing Director & Chairman of the Index Committee,
+1-212-438-3907 Web Site: http://www.standardandpoors.com/
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