UAL delisted

[Doug Henwood]

Meanwhile, a whole major sector of the U.S. economy is in meltdown. 
Not only is this a cyclical problem, but the cumulative effects of 
over 20 years of deregulation. And no one seems to care.

At 9:32 PM +0000 3/28/03, CBS MarketWatch Alerts wrote:
>Breaking News Bulletin: Bankrupt UAL delisted by NYSE as of April 3
>
>NYSE to delist UAL (UAL) By Jennifer Waters
>The New York Stock Exchange said after the bell Friday that it will 
>delist UAL Corp. (UAL) , the bankrupt parent of United Airlines. In 
>a press release, the exchange said that the company's share price 
>stayed under $1 for more than 30 days, triggering the delisting. 
>Shares instead will be traded over the counter beginning April 3, 
>NYSE said. UAL shares closed up a penny at 85 cents. With 66.5 
>million shares outstanding, UAL had a market value of $56.2 million. 
>The NYSE said in December that UAL's listing was under review. UAL 
>was first listed on the NYSE on Aug. 1, 1969.

$56 million market cap! JetBlue's is $1.76 billion.

Doug