By Daniel Hunter

RadioShack shares have been suspended on the New York Stock Exchange as it tries to avoid bankruptcy.

The NYSE said it was "taking action" to de-list RadioShack after it 'failed to comply with listing standards'.

RadioShack shares have plummeted by around 90% over the last year as its financial troubles grew and neared bankruptcy.

The stock exchange companies must maintain an average market of $50m (£33m) over 30 consecutive days, but the NYSE said the "company does not intend to submit a business plan to address its non compliance".

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