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The New York Stock Exchange will suspend share price and market capitalization rules for its listed companies until June 30 to deal with the deepening market sell-off, parent company NYSE Euronext said on Thursday.
For the first time, the Big Board will suspend its requirement that companies keep their shares above $1 or face delisting. The market operator said it will also extend a temporary lowering of its market capitalization standard, which it introduced last month to stem a growing tide of delistings.
THE SOURCE, LADIES AND GENTLEMEN....of manure. Seriously, McClatchy Company Countdown? Is that the best you can do? Really? HOW DELIGHTFULLY INFORMATIVE AND WITTY!
Posted by: wingo | February 26, 2009 at 07:47 PM
You could suspend the rules forever. Either way McClatchy is never coming back.
They're deader than Chuck "Stand Up" Graham's political career.
Posted by: hoosier | March 01, 2009 at 09:04 PM