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S&P sector reshuffle may do little for telecom stocks

The S&P 500's three-company telecommunications services index is about to be folded into a much higher-profile group, but a brighter spotlight may not be enough to boost the stocks as investors continue to favor growth sectors.

Peugeot urges France to revive incentives for hybrids

PSA Group is pressing the French government to revive sales incentives on rechargeable hybrid vehicles as it rolls out plug-in versions of its larger models to meet tightening European emissions rules, the carmaker said on Thursday. Automakers are rushing to deploy electric cars and hybrids, which combine battery power with a combustion engine, to meet EU carbon dioxide limits and avoid hefty fines.

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