SOUTHFIELD, Mich. (April 22)—Federal-Mogul Corp. stock will be delisted from the New York Stock Exchange, with its last day of trading tomorrow, a company spokeswoman said. The seal maker's stock traded below $1 for more than 30 consecutive days, leading to the Securities and Exchange Commission's ruling. Federal-Mogul will begin trading on the National Association of Securities Dealers Inc.'s Over the Counter Bulletin Board on Wednesday, but a new ticker has not yet been designated, the spokeswoman said. "It's disappointing, but it means nothing to the business," she said. "Business goes on as usual."
Federal-Mogul stock to be delisted from NYSE
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