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Derek Martin wrote: > On Sat, Jul 18, 2009 at 05:41:51PM -0400, Richard Chonak wrote: >> Nathan Meyers wrote: >>> Richard Chonak wrote: >>>> After the market close today, Standard & Poor's announced that Red Hat >>>> will be added to the S&P 500 index in a week's time, replacing Citigroup. >>>> >>> Small correction: CIT Group, not Citigroup. >>> >>> Nathan >> >> Quite so. The latter is the old and IMHO better-known name associated >> with the firm, still used on-air by business reporters. > > CIT Group and Citigroup are two different financial services > companies. CIT group was founded in 1908 and is headquartered on 5th > Ave, and is the holding company for CIT Bank (NYSE: CIT); Citigroup > was founded in 1812 and is headquartered on Park Ave, operating > Citicorp and Citi Holdings (NYSE: C). > Thanks for the correction!
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