homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


print  email to a friend  reprints add to mydjc  

March 31, 2003

Stock exchange to drop United listing

CHICAGO (AP) -- The New York Stock Exchange announced Friday that it would stop trading in United Airlines parent UAL Corp. because the bankrupt carrier's stock had fallen below $1 a share for a 30-day period.

The widely expected delisting is effective April 3, when United plans to begin selling its stock on the OTC Bulletin Board.

United said the move would have no effect on customers or operations.

The announcement came the same day leaders of United's union representing baggage handlers and public contact workers sent members a letter suggesting an eleventh-hour deal to salvage their labor agreement was possible.




Email or user name:
Password:
 
Forgot password? Click here.