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Standard Register Gets NYSE Non-compliance Notice

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Standard Register (SR: Quote), engaged in the management and execution of mission-critical communications, on Friday said that on April 3, it was notified by the New York Stock Exchange that it is no longer in compliance with the NYSE's continued listing standards.

Standard Register is considered below the criteria since the company's average market capitalization was less than $50 million over a 30 trading-day period and its shareowner's equity was less than $50 million.

Under applicable NYSE procedures, the company has 45 days from receipt of the notice to submit a plan to the NYSE to demonstrate its ability to achieve compliance with the continued listing standards within 18 months. Standard Register intends to submit such a plan.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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With disappointing earnings news generating some selling pressure, stocks have moved mostly lower in early trading on Friday. The major averages have slid firmly into negative territory after ending the previous session nearly flat. After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June. British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.
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