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Cerritos-based Craig Consumer Electronics Inc. said the Nasdaq Stock Market advised the company that its shares no longer qualify to trade on Nasdaq. The company also said it is still negotiating with lending sources to replace its existing line of credit, which matures Aug. 5 and is subject to various defaults. . . . Bob Guccione Jr., who co-founded Spin magazine in 1985 and sold it last month, told Reuters he is now working for Gear, a new pop-culture magazine aimed at young males. It is set to hit newsstands next year.