A RadioShack store is pictured in the Manhattan borough of New York January 15, 2015. Electronics retailer RadioShack Corp might prepare to file for bankruptcy protection by next month, the Wall Street Journal reported citing people familiar with the matter. RadioShack was not immediately available for comment. REUTERS/Carlo Allegri

(Reuters) - The New York Stock Exchange said its regulatory arm is taking action to delist the shares of troubled retailer RadioShack Corp from the exchange, and would suspend trading of the stock immediately.

The exchange said it reached the decision as RadioShack does not intend to submit a business plan to address the company's non-compliance with its listing standards. (