Standard & Poor's Announces Changes to U.S. Indices

Jan 26, 2010, 17:57 ET from Standard & Poor's

NEW YORK, Jan. 26 /PRNewswire/ -- Berkshire Hathaway Inc. (NYSE: BRK.B) will replace Burlington Northern Santa Fe Corp. (NYSE: BNI) in the S&P 100 and S&P 500 indices on a date to be announced. Burlington Northern Santa Fe is being acquired by Berkshire Hathaway in a deal expected to close next month, pending final approvals.

Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.  

Berkshire Hathaway is primarily engaged in the property and casualty insurance and reinsurance business, and is also engaged in a variety of other businesses. Headquartered in Omaha, NE, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Property & Casualty Insurance Sub-Industry index.

Following is a summary of the changes:

S&P 100 INDEX  –  TBA

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Berkshire Hathaway

Financials

Property & Casualty Insurance

DELETED

Burlington Northern Santa Fe

Industrials

Railroads

S&P 500 INDEX  –  TBA

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Berkshire Hathaway

Financials

Property & Casualty Insurance

DELETED

Burlington Northern Santa Fe

Industrials

Railroads

About Standard & Poor's Index Services

Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index.  For more information, please visit www.standardandpoors.com/indices.

About Standard & Poor's

Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

SOURCE Standard & Poor's



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