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CIT Group falls off S&P 500 index (AP)


Standard & Poor’s is replacing the struggling CIT Group Inc. with software maker Red Hat Inc. in the S&P 500 index. The switch will occur July 24 after the market closes. S&P says CIT’s value had fallen too low Friday for the bank to remain a member of the S&P 500.

This entry was posted on Friday, July 17th, 2009, 11:36 pm and is filed under Finance News. You can follow any responses to this entry through RSS 2.0. Both comments and pings are currently closed.

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