Standard & Poor's, a subsidiary of The McGraw-Hill Companies (MHP), said that Tessera Technologies Inc. (TSRA) will replace Financial Federal Corp. (FIF) in the S&P SmallCap 600 index after the close of trading on February 18. Financial Federal is being acquired by S&P 500 constituent People's United Financial Inc. (PBCT) in a deal expected to close on or about that date, pending final approvals.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.