Last updateFri, 03 Jul 2020 5pm

Valve Manufacturing

Flowserve Gets WaMu's S&P 500 Spot

Flowserve Corp. was picked to replace Washington Mutual Inc. in the Standard & Poor's 500 Index after the thrift was seized by regulators.

Washington Mutual shares lost 96 percent this week after its branches and assets were sold to J.P. Morgan Chase & Co. following the biggest U.S. bank failure in history.

Source: Bloomberg

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