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ID: 28238
Title: New Century subpoenaed, faces delisting (AP)
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The office building of New Century Financial Corp., left,  is seen in Irvine, Calif., Tuesday, March 13, 2007. Subprime mortgage lender New Century Financial Corp., its financial footing crumbling, was all but kicked from the New York Stock Exchange Tuesday, while federal investigations into accounting errors and trading of its stock intensified. The NYSE suspended trading in shares of New Century and began taking steps to delist its shares from the exchange, citing the company's worsening financial prospects and allegations it has defaulted on obligations to its lenders.  (AP  Photo/Damian Dovarganes)AP - Subprime mortgage lender New Century Financial Corp., its financial footing crumbling, was all but kicked from the New York Stock Exchange Tuesday, while federal investigations into accounting errors and trading of its stock intensified.


Category: Business/Stock Markets/
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Date Added: March 14, 2007 01:43:58 AM
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