Saturday, December 11, 2010

S&P 500 Adds Netflix to its Queue Removes New York Times

Financial services company Standard & Poor's announced changes yesterday to its S&P 500 stock market index, a widely respected compendium of large-cap U.S. public companies: Netflix is on the list for the first time. In the same announcement, rather poignantly, S&P announced that newspaper giant The New York Times Co. has been demoted to its index of mid-size companies (the MidCap 400), as has photography equipment manufacturer Eastman Kodak.

Previously, Netflix had been on the MidCap 400 list.

http://news.cnet.com/8301-13577_3-20025279-36.html