Radian Dropping From S&P MidCap 400

The Radian Group Inc., Philadelphia, will be dropped from the S&P MidCap 400 after the close of trading on July 2, according to Standard & Poor's. It will be replaced by Lender Processing Services Inc., Jacksonville, Fla., which is being spun off by Fidelity National Information Services, also of Jacksonville, on July 3. At the close of trading on June 24, Radian had a market capitalization of $165 million, ranking it 400th in the index. S&P is also removing BankUnited Financial Corp., Coral Gables, Fla., from the S&P SmallCap 600 as of the close of trading on June 30. On June 24, BankUnited was 600th in the index in terms of its market cap, at $47 million, S&P said. It will be replaced by media company E.W. Scripps Co. (On July 1, the original E.W. Scripps is slated to spin off Scripps Networks Interactive Inc., which will take its former parent's place in the S&P 500.) S&P can be found online at http://www.standardandpoors.com.