Following Lehman Brothers Holdings Inc.'s filing for Chapter 11 bankruptcy protection, two companies have announced that Lehman's shares will be removed from their stock indices. Standard & Poor's said Lehman will be removed from the S&P 500 and S&P 100 indices after the close of trading Sept. 16. (It will be replaced by Harris Corp., a communications equipment company, in the S&P 500 and by Occidental Petroleum Corp. in the S&P 100.) In addition, Keefe, Bruyette & Woods Inc., an investment bank, announced that Lehman will be deleted from its KBW Capital Markets Index before the opening of business on Sept. 17 and replaced by Stifel Financial Corp.
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