Sears Holding Company has had its membership in the S&P 500 revoked.
The ailing retailer, which owns Sears and K-Mart chains as well as apparel brand Land's End, will exit the index at the close of trading on Tuesday, Sept. 4, said S&P late Wednesday.
S&P said the number of Sears shares available to the public, known as its public float, has long been below the 50% threshold needed to be considered MOREBen Rooney - Aug 30, 2012 10:55 AM ET
Hedge funds are betting on a disaster hitting the financial markets within the next several quarters, with managers holding onto historic levels of cash.
That so-called dry powder gives them the cash they need to quickly jump in if markets sell off, according to numerous hedge fund managers and industry consultants.
"Most hedge funds I see are carrying lower market exposure than I've seen in some time," said Brad Balter, MOREMaureen Farrell - Aug 23, 2012 8:01 AM ET
Despite a stubbornly slow economic recovery at home and severe headwinds from Europe and Asia, U.S. companies are on track to deliver a tenth straight quarter of rising profits. But a closer look reveals some alarming trends.
With reports from more than 80% of the S&P 500 companies on the books, earnings are on pace to grow just 0.6% during the second quarter, the slowest since the third quarter of MOREHibah Yousuf - Aug 7, 2012 8:10 AM ET
Securities regulators in Spain and Italy both instituted short-selling bans Monday as financial markets tumbled.
The move is designed to limit the downward pressure on markets by preventing investors from betting against shares of certain companies.
The ban in Italy applies only to short positions in shares of banks and insurance companies, according to the Commissione Nazionale per le Società e le Borse, or CONSOB.
Spain's Comisión Nacional del Mercado de Valores (CNMV) MOREBen Rooney - Jul 23, 2012 10:44 AM ET
A spate of good earnings reports seems to be doing the trick...for now.
CNNMoney's Fear & Greed index has only been in greed mode twice since April 5, when worries about Europe finally topped out (although that was short lived).
Any reading above 55 signals investors growing more optimistic. The index got there earlier this month. On July 5, it hit 58. Investors were feeling pretty good after celebrating America's independence and MORECatherine Tymkiw - Jul 19, 2012 4:17 PM ET
Goldman Sachs' (GS) analysts told investors to sell the S&P 500 (SPX) Thursday and boy did they ever.
The S&P 500, which was already down 1%, dropped even further as Goldman's report bounced around email inboxes.
Goldman's analysts said they could see the S&P 500 drop to 1,285, roughly 5% below its current levels. Heading into the close, the broad index was down more than 2% at 1,326.
Analysts Noah Weisberger and Aleksandar MOREMaureen Farrell - Jun 21, 2012 3:51 PM ET
Investors went back to bailing out of the stock market during the first week of June, as worries about sluggish U.S. job growth and ongoing debt problems in Europe kept investors on edge.
U.S. stock mutual funds lost $3.1 billion in the week ended June 6, according to the Investment Company Institute. That marks the 15th out of 16 weeks that investors have yanked money out. In an unexpected twist, investors MOREHibah Yousuf - Jun 13, 2012 3:52 PM ET
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