The following are the top stories in the Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. * Vikram Pandit, who was named chief executive of Citigroup Inc on the eve of the financial crisis and led the bank through a bruising five-year stretch that included a $45 billion federal rescue, abruptly stepped down on Tuesday.* Softbank Corp's shares rallied 9.6 percent on Tuesday after Chief Executive Masayoshi Son made an impassioned pitch for the company's debt-laden investment in Sprint Nextel Corp, recovering about a third of the $8.9 billion in market value that Softbank had lost the previous two days.
Citigroup Inc. is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services. Shares of C traded higher by 1.61% or $0.59/share to $37.25. In the past year, the shares have traded as low as $23.30 and as high as $38.40. On average, 35998700 shares of C exchange hands on a given day and today's volume is recorded at 128150000.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S remained unchanged at $5.69. In the past year, the shares have traded as low as $2.10 and as high as $6.04. On average, 85122704 shares of S exchange hands on a given day and today's volume is recorded at 182174304.
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