UPDATE 1-New rule to add $400 billion to S&P 500 books-CSFB

Newswire

(Adds Raytheon comment, paragraph 11) NEW YORK, June 30 (Reuters) - A new accounting rule taking effect on Tuesday will add nearly $400 billion of assets and liabilities to Standard & Poor's 500 companies' balance sheets, Credit Suisse First Boston said in a new report. About $55 billion of assets at Citigroup Inc. and $43.6 billion at General Electric Co. might move onto balance sheets because of changes adopted in January by the Financial Accounting Standards Board (FASB), which ...

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