09:55 AM
NASDAQ OMX Extends Suspension of the Bid Price and Market Value of Publicly Held Requirements
The NASDAQ OMX Group said in a press release that the NASDAQ Stock Market has made a filing with the Securities and Exchange Commission to extend its suspension of the rules requiring a minimum $1 closing bid price and a minimum market value of publicly held shares. Given the continued extraordinary market conditions, NASDAQ has extended the suspension of the requirements until Monday, April 20, 2009.