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).

-- 
Derek D. Martin    http://www.pizzashack.org/   GPG Key ID: 0xDFBEAD02
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