Correction.The headline of the Jan. 3 health column, "Universal Stays on Watch List Watch List A list of securities being monitored closely by a brokerage or exchange in order to spot irregularities.Notes: Firms on the watch list might be suspected of regulatory violations, about to issue new securities, attracting unusually heavy volume, etc. See also: SEC, Security Despite Cash From Spinoff Spinoff A new, independent company created through selling or distributing new shares for an existing part of another company.Notes: Spinoffs may be done through a rights offering. See also: Carveout, Rights Offering, Sum of Parts Valuation, Tracking Stock ," incorrectly implied that state regulators had already considered proceeds from Universal's proposed sale of a line of business in evaluating the company's financial health. In fact, regulators will not evaluate the sale's impact on Universal's finances until after it is completed.
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