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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Market indexes 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. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.