Delphi to Replace Titanium Metals on S&P 500 and 2 Morning Hot Stocks Demanding Attention
Russian search engine Yandex (NASDAQ:YNDX) may sell its Yandex.Dengi online payment service to top Russian bank Sberbank, says Reuters. No confirmation, however, was received from either Yandex or Sberbank in this regard. The Russian bank has been ramping up its consumer focus in the country and recently introduced its own credit cards. The bank’s joint venture with French bank BNP Paribas offers point of sale lending.
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Integrated Device Technology Inc (NASDAQ:IDTI) announced that the US FTC has filed an administrative complaint against the company’s proposal to acquire PLX Technology (NASDAQ:PLXT) for $330 million. According to a press release issued by the FTC, the deal “allegedly would give the combined firm a near-monopoly in the market for a type of integrated computer circuits called PCIe switches, which perform critical connectivity functions in computers and other electronic devices widely used by American consumers and businesses.”
Vehicle component manufacturer Delphi Automotive Plc (NYSE:DLPH) will replace Titanium Metals Corp (NYSE:TIE) in the S&P 500 after trading closes on Friday, December 21. Delphi Automotive is up 3.02% to $35.49 and Titanium Metals gains 0.12% to $16.47.