FINANCE

Pier 1 regains compliance with NYSE listing standards

BY CSA STAFF

Fort Worth, Texas Pier 1 Imports has announced it is no longer out of compliance with New York Stock Exchange trading regulations.

The company had been in danger of being delisted from the exchange because of its low trading price, after shares fell below $1 in mid-November.

But the retailer said late Monday that it was notified that its average stock price for 30 trading days ending April 30 was above the required threshold.

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First Insight adds new director

BY CSA STAFF

PITTSBURGH First Insight announced that Richard Marcus has joined its board of directors.

Marcus, a senior advisor at Peter J. Solomon Co., a leading independent investment banking firm, is a director of 7 Billion People and My Wines Direct.

Marcus commented, “First Insight’s new product market testing analytics gives retailers the means to couple new product development and merchandising decisions with keen predictive insight. Its customer network approach to product market testing offers retailers unmatched scale, speed, and accuracy critical for better merchandise performance and customer satisfaction.”

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Deer Consumer products names new board members

BY CSA STAFF

NEW YORK Deer Consumer Products, maker of small kitchen electronics targeting both international and the Chinese domestic markets, welcomes three independent board members to the company.

Arnold Staloff, chairman of the audit committee, currently serves on the boards of several NASDAQ listed companies including Shiner International, a packaging and anti-counterfeit plastic film company; AgFeed Industries, a feed and commercial hog producer and SmartHeat, an energy savings equipment company.

 

Edward Hua, chairman of the nominating committee, has held various management positions at the Bank of China and is currently the general manager of the Treasury Department of the Bank of China Shenzhen Branch.

Walter Zhao, chairman of the compensation committee, has been the president of Kaito Electronics, an electronics design and manufacturer, since 1997.

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