Macy’s Is Being Removed From the S&P 500

Macy’s Inc. is being removed from the S&P 500.

According to the S&P Dow Jones Indices, which oversees the index, the department store chain will be replaced by air conditioning company Carrier Global Corp. It will join the S&P 600 Small Cap index on Monday. Continue reading Macy’s Is Being Removed From the S&P 500

T-Mobile completes Sprint merger

Right on cue, T-Mobile has completed its merger with Sprint. As of today, the two carriers are one — they’ll do business simply as T-Mobile. They’re also clearly confident in the transition, as CEO John Legere is stepping down early rather than waiting until the end of April as his contract dictated. COO Mike Sievert is taking Legere’s place, effective immediately.

Continue reading T-Mobile completes Sprint merger