Plus   Neg

Old Dominion Freight Line To Replace SunTrust Banks In S&P 500

S&P MidCap 400 constituent Old Dominion Freight Line Inc. (ODFL) will replace SunTrust Banks Inc. (STI) in the S&P 500, S&P Dow Jones Indices said.

S&P SmallCap 600 constituent Cabot Microelectronics Corp. (CCMP) will replace Old Dominion Freight Line in the S&P MidCap 400. Ready Capital Corp. (RC) will replace Cabot Microelectronics in the S&P SmallCap 600 prior to the open of trading on Monday, December 9.

S&P 500 constituent BB&T Corp. (BBT) is acquiring SunTrust Banks in a deal expected to be completed soon pending final conditions.

Post acquisition, BB&T will change its name to Truist Financial Corp. and will trade under the ticker TFC.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
Follow RTT