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. * Sprint Nextel Corp is in advanced talks to acquire the 49 percent of Clearwire Corp it doesn't already own, people familiar with the matter said. Such a move would clear up a tangled ownership structure that has left Sprint unable to control the decisions of a key strategic partner. ()* Delta Air Lines Inc confirmed plans to purchase 49 percent of Virgin Atlantic Airways Ltd for $360 million, aiming to create a trans-Atlantic joint venture that would substantially boost its market share in the lucrative U.S.-London market and pose a fresh competitive challenge to American Airlines. ()
Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. Shares of DAL traded higher by 5.13% or $0.52/share to $10.66. In the past year, the shares have traded as low as $7.83 and as high as $12.25. On average, 10015600 shares of DAL exchange hands on a given day and today's volume is recorded at 28376350.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S fell by 1.59% or $-0.09/share to $5.57. In the past year, the shares have traded as low as $2.10 and as high as $6.04. On average, 66289400 shares of S exchange hands on a given day and today's volume is recorded at 50322768.
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