Nielsen Holdings (NLSN) gained 2% yesterday after the Standard & Poor’s announced the stock would replace Sprint (S) in the S&P 500. Sprint is getting the boot because Japan’s SoftBank (SFTBF) is acquiring a 78% stake in the company, which will make it ineligible under one of the index’s many criteria.
Mark Pincus, the founder of online gaming company Zynga (ZNGA), announced that he is stepping aside as CEO and handing the reins over to Microsoft’s (MSFT) Don Mattrick. Zynga’s stock jumped on the news, and InvestorPlace expert Tom Taulli is a huge supporter of the move.
For more videos — including exclusive access to full-length interviews and early access to weekly updates — like us on Facebook or follow us on Twitter. As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities. Follow her on Twitter: @alyssaoursler.