The New York Stock Exchange has put a stop to the trading of beleaguered automotive supplier Delphi in lieu of its practically nonexistent trading activity after announcing its bankruptcy filing. Since the announcement, the GM spinoff's stock has plummeted 70%, and although it rose three cents yesterday, it wasn't enough to keep the higher-ups at the Big Board from pulling the plug. As Lando Calrissian so famously lamented as the Imperial forces took over his beloved Cloud City, "This deal is getting worse all the time!"
NYSE suspends trading in bankrupt Delphi Corp. due to low volume [The Detroit News]
Related:
Supplier in Ruin? Delphi Files for Bankruptcy [Internal]