Rumors that Vimpel Communications (NYSE: VIP) chief executive Alexander Izosimov was resigning and that Alfa Group which owns 44% Vimpel was selling its stake in the mobile phone company sent shares of the company skidding $1.98 to $7.02. Both rumors have been denied.
Rumors Sink Vimpel Communications
October 24, 2008 at 14:12 PM EDT
