Tue, 25 Apr 2017 23:00:00 EDT PBF Energy Set to Join S&P MidCap 400; Apollo Commercial Real Estate Finance and Waddell & Reed Financial to Join S&P SmallCap 600 NEW YORK, APRIL 25, 2017: S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open on Friday, April 28:
PBF Energy Inc. (NYSE: PBF) will replace Waddell & Reed Financial Inc. (NYSE: WDR) in the S&P MidCap 400, and Waddell & Reed Financial will replace Stillwater Mining Co. (NYSE: SWC) in the S&P SmallCap 600. Sibanye Gold Limited (NYSE: SBGL) is acquiring Stillwater Mining in a deal expected to be completed soon pending final conditions.
What's Keeping GM Going Strong Probably Won't Last Most multinationals performed better outside the U.S. in the first quarter. Not so the Detroit car makers, which barely made any money outside North America. Their home bias will eventually become a problem.
Fri, 28 Apr 2017 13:03:38 EDT Qualcomm Gets Pelted by Apple Qualcomm said it was informed by Apple that it effectively would withhold payments by not paying its manufacturers for Qualcomm’s royalties. Having formally recognized its worst-case scenario, Qualcomm’s main challenge now will be convincing investors there is nowhere to go but up.
Fri, 28 Apr 2017 12:57:18 EDT Economy Needs Consumers to Shop Again First-quarter slowdowns have become such a regular feature of the U.S. economy that investors will be tempted to brush off this last one. They shouldn’t.
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