S&P Updates Market Cap Thresholds for Its Indexes

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Updating its requirements to reflect the long bull market, S&P Global (NYSE: SPGI) unit S&P Dow Jones Indices is raising the market capitalization requirements for stocks to be listed on three of its key indexes. Effective Monday, stocks will be required to have a market value of at least $6.1 billion for listing on the S&P 500, $1.6 billion to $6.8 billion to be included on the S&P MidCap 400, and $450 million to $2.1 billion to be on the S&P SmallCap 600.






SAP Entering the B2B Payments Market

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Known primarily for its fast-growing cloud  sales, Germany-based enterprise software giant SAP (NYSE: SAP) recently announced a strategic development partnership with online payments provider PYMNTS.com, and unveiled a new “Payments2CashFlow Challenge.” Under the challenge, a few select developers among those that submit proposals will be given access to SAP’s cloud-based solutions and PYMNTS.com’s expertise to help them create a new business-to-business (B2B) payments offering.