Citigroup Inc. (NYSE:C) surges 0.29% to $3.51 on 86.33 million shares after ChipMOS Technologies Ltd. announced that the Company's subsidiary ChipMOS TECHNOLOGIES, INC. (ChipMOS Taiwan) has entered into a Revised Term Sheet that it anticipates will lead to a definitive agreement to sell to Citigroup Financial Products Inc. (Citigroup) the general unsecured claim reflected in the proof of claim against Spansion Inc., Spansion Technology LLC, Spansion LLC, Spansion International Inc. and Cerium Laboratories LLC (collectively, Spansion) filed by ChipMOS Taiwan in United States Bankruptcy Court.
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Bank of America Corporation (NYSE:
Sprint Nextel Corporation (NYSE:S) increases 2.50% to $4.10 on 24.29 million shares. The stock hit an intraday high and an intraday low of $4.16 and $3.96 respectively. In the last six months the stock went down over 6%. Sprint Nextel Corporation is a holding company that offers a range of wireless and wire line communications products and services for individual consumers, businesses and government customers.
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