Retail
Borders Names New CEO
Stock quotes in this article:BGP
Meanwhile, Borders said it has been notified by the New York Stock Exchange that it doesn't meet one of the standards for continued listing because the average closing price of the company's common stock was less than $1 a share during a consecutive 30-trading-day period. The company will notify the NYSE in the next few days of how it plans to remedy the situation.
Further, the NYSE advised the company that its current market capitalization is approaching the minimum allowable levels. Recently, shares of Borders were up 11 cents at 56 cents. Competitor Barnes & Noble (BKS) was gaining $1.77 at $17.09.TheStreet Premium Services
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