PayPal to join S&P 500, replace eBay in S&P 100

PayPal will join S&P indexes when it becomes a separate company at the end of the week, replacing parent company eBay inc. in one case. S&P Dow Jones Indices announced Wednesday that the payments company will be included in the S&P 500, replacing offshore drilling company Noble Corp. , and will take the place of eBay in the S&P 100. EBay, which announces earnings Thursday morning, plans to spin off PayPal after trading ends Friday.

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From:: Stock Market News

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