Facebook Inc.’s fourth straight quarter of positive net income settles one of the final conditions for the 29th-biggest U.S. stock to join the benchmark Standard & Poor’s 500 Index 17 months after its trading debut.
It took 51 years for General Motors Co. to go from the largest company on the Standard & Poor’s 500 Index to being dropped after its bankruptcy last year. The automaker may need at least another year until it returns.
Alcoa Inc.’s speculative-grade credit ranking at Moody’s Investors Service makes it only the second junk-rated Dow Jones Industrial Average company in at least three decades. It took four years for the first to be ejected.
U.S. stocks gained, giving the Standard & Poor’s 500 Index its biggest three-day advance since February, after better-than-estimated housing data overshadowed disappointing earnings at United Parcel Service Inc.
Priceline.com Inc.’s 17 percent stock market swoon today may fall particularly hard on money managers who got their start with the help of billionaire Julian Robertson, the founder of Tiger Management LLC.