RadioShack Notified That it's Out of Compliance With NYSE

RadioShack, the struggling electronics retailer, was notified by the New York Stock Exchange that it's out of compliance with requirements because its stock has traded below $1 for 30 straight days. Under the exchange's rules, RadioShack has six months to get back into compliance by boosting its stock price to at least $1 on the last trading day of the month and having an average closing price at that level over a 30-day period, according to a statement yesterday. The risk of delisting adds to RadioShack's headaches as the retail chain attempts a turnaround.