S&P buying global index group

Standard & Poor's will acquire the SSB Global Equity Index System from Citigroup. Terms were not announced. The indexes will be known as S&P/Citigroup Global Equity Indexes, covering more than 7,500 companies in 52 global markets. Half the companies will be in developed countries and the other half in emerging markets countries, said David M. Blitzer, chairman of the S&P index committee.