Citigroup Up, Sprint Sees Sellers, NVIDIA Climbs in High Volume Trading Feb. 16th

Citigroup Inc. (NYSE:C): Moody’s Japan K.K. has placed under review for possible downgrade the ratings of Citibank Japan Ltd. Those affected are its C- bank financial strength rating, which translates into a Baa1 baseline credit assessment, and its A2/Prime-1 long-term and short-term deposit ratings. At the same time, Moody’s has placed under review for possible downgrade the Baa1 issuer rating of Citigroup Japan Holdings Corp.; and the Baa1 senior unsecured and long-term issuer ratings, and Baa2 subordinated debt ratings, and Prime-2 short-term rating of Citigroup Global Markets Japan Inc.

NVIDIA Corporation (NASDAQ:NVDA): AMD (NYSE:AMD) is preparing to release the Radeon HD 7870 and 7850 GPUs in the first half of March, while Nvidia (NASDAQ:NVDA) is expected to launch the 28nm Kepler in April, according to sources from graphics card makers and reported in Digitimes.

Sprint Nextel Corporation (NYSE:S): On February 8, the Compensation Committee approved the payouts for all eligible employees, including named executive officers, with respect to the 2011 Short-Term Incentive Plan and performance units allocated to the 2011 performance period under our Long-Term Incentive Plan. In combination with the Company’s annual budget and long-term strategic plan, the annual targets are set to incentivize achievement of the plan. In the assessment of actual performance against targets, the Company’s STI and LTI Plans allow for the use of discretion by the Compensation Committee to award lower or higher payout levels than the pre-established criteria and formulae would provide. These provisions are to ensure that extraordinary circumstances do not inequitably increase or decrease compensation. The incentive plan targets for 2011, and the 2011 operating budget, did not include the impacts on our financial results of offering the iPhone due to the timing and confidential nature of the discussions.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com