Retailer to replace Dow Jones & Co in financial rank

US videogames retailer GameStop is to take the place of newspaper publisher Dow Jones & Co in the Standard & Poor 500 financial index.

Dow Jones, which publishes the Wall Street Journal, is a purchase target for News Corp - a date for GameStop's stock move is pending completion of that deal, which is thought to be at an advanced stage.

BE Aerospace Inc, which manufactures aeroplane parts, will step up to replace GameStop in the S&P MidCap 400, the exchange stated.