NYSE moves to delist New Century

Stock exchange says stock to be suspended; New Century to trade on 'Pink Sheets.'


NEW YORK (CNNMoney.com) -- The New York Stock Exchange moved Tuesday to suspend shares of New Century Financial, the troubled subprime lender, from trading on the exchange.

The NYSE (Charts) noted that New Century's lenders had cut off financing or had notified New Century that they intended to do so.

New Century was listed on the NYSE under the symbol NEW (Charts). The stock has lost about 90 percent of its value since the start of the month on news of growing defaults and problems getting new financing.


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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.