Splitsville

Citigroup shares fell 2.3 percent to $44.16 after a reverse 1-for-10 split that could be fruitful for in vestors in the future but is tough going for now.

Bair down

As expected, FDIC Chairwoman Sheila Bair announced she will step down on July 8, ending her five-year term.

‘Early’ fallout

David Friedman, the executive producer of the “Early Show,” is exiting CBS — an expected de parture following an April clash with CBS News President David Rhodes.

‘Duty’ call$

Activision Blizzard said its first-quarter net of $503 million and 11 per cent revenue growth were helped by strong demand for digital offer ings such as download able content for the pop ular “Call of Duty” games.

Picard strikes

Bernie Madoff trustee Irving Picard an nounced a settlement with the Joint Liqui dators of Fairfield Sen try Limited. Under the terms, Sentry’s approx imately $1.2 billion net equity SIPA claim is permanently reduced to $230 million.