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Investment News Briefs: CIT To Exit Bankruptcy Tomorrow; Gold Falls A Third Straight Day; Strong Europe Sales Keep McDonald’s Growth Going
December 09, 2009
Obama Proposes New Stimulus Initiatives; CIT to Exit Bankruptcy Tomorrow; Gold Falls a Third Straight Day; GM Aims to Repay TARP by End of 2010; P&G Chair Lafley to Retire; United Orders 50 New... Read More
category UK , uaua , ba , and 12 more.
from DailyMarkets.com
Investment News Briefs
December 08, 2009
category CIT , Global Roundup , Investment News Briefs , and 4 more.
from Money Morning
CIT’s Bondholders Will Be The Biggest Beneficiaries Of The Bankruptcy
November 02, 2009
CIT Group Inc. (CIT) on Sunday filed for Chapter 11 bankruptcy protection. CIT’s filing is the fifth largest bankruptcy in U.S. history, behind Lehman Brothers Holdings Inc., Washington Mutual Inc.,... Read More
category Financial , CIT , USA , and 3 more.
from DailyMarkets.com
Bondholders the Big Winners as CIT Files for Bankruptcy
November 02, 2009
category Top News , Jason Simpkins
from Money Morning
(CIT) CIT Group Files for Chapter 11
November 02, 2009
CIT Group Inc. (CIT) has filed for Chapter 11 protection on Sunday. The company struggled for months to avoid collapse since the recession elicited billions of dollars in loan losses, and the financial... Read More
category Financial , CIT , Credit Services , and 1 more.
from Stock Blog Hub
Does Consumer Spending Really Drive GDP?
November 02, 2009
Do you recall the Thursday action after the GDP report showed such strength (whether you believe it or not) and the dollar got sold like pet rocks? Well the government made a big deal out of the fact... Read More
category Australia , New Zealand , External Research , and 9 more.
from DailyMarkets.com
Midday Stock Market Update: Construction And Industrial Sector Get A Lift From Economic Reports
November 02, 2009
Positive news from both the real estate and manufacturing sectors had the combined effect of sending the markets and exchange traded funds (ETFs) higher. Will it make last week all but a distant... Read More
category ETFs , External Research , Contributor , and 7 more.
from DailyMarkets.com
US Lender CIT Group goes bankrupt files for bankruptcy
November 02, 2009
var fbShare = {url: 'http://ceoworld.biz/ceo/2009/11/02/us-lender-cit-group-goes-bankrupt-files-for-bankruptcy/',size:'large'}US lender CIT Group (NYSE:CIT) has filed for bankruptcy, the fifth largest... Read More
category CIT , bankruptcy , Business and Finance , and 3 more.
from CEOWORLD Magazine
A Year After The Crisis, The Global Economy Is Firing On All Cylinders
November 02, 2009
What a difference 12 months can make. Just one year after every national economy on earth was in deep trouble, a powerful global rebound is underway. In fact, the global upswing is a lot stronger than... Read More
category XLB , Australia , XLE , and 22 more.
from DailyMarkets.com
CIT Group Files For Bankruptcy - One Of The Largest In US History
November 02, 2009
CIT Group Inc. (CIT) has filed for Chapter 11 protection on Sunday. The company struggled for months to avoid collapse since the recession elicited billions of dollars in loan losses, and the financial... Read More
category Financial , CIT , USA , and 3 more.
from DailyMarkets.com
Stock Market News: CIT Group Announced Bankruptcy Plans; Ford Reports Profit
November 02, 2009
Ford (F) reported a profit of 26 cents a share, beating expectations of a 12 cent loss, on better-than-expected revenues of $30.9 billion. The firm maintained estimates for 2009 industry sales of 10.6... Read More
category F , DF , Auto , and 9 more.
from DailyMarkets.com
CIT Group to File For Bankruptcy Within Days
November 01, 2009
category Wall Street , Carl Icahn , bondholders , and 2 more.
from Wall Street Pit
Goldman Trims CIT Group Loan by $875M
October 30, 2009
category Wall Street , Securities and Exchange Commission , Goldman Sachs Group Inc , and 2 more.
from Wall Street Pit
Stock News Briefs: Motorola, Verizon Introduce Latest “Google Phone”; CIT Lives To Lend Another Day
October 29, 2009
New Home Sales Unexpectedly Collapse; US Airways Lays Off 1,000 Employees; Former AMD Chief Linked to Galleon Insider Trading Case; CIT Lives to Lend Another Day; Durable Goods Orders Up; Oil Prices... Read More
category goog , VZ , LLC , and 14 more.
from DailyMarkets.com
CIT Group Obtains $4.5B in Financing
October 28, 2009
category Wall Street , CIT Group Inc , Business
from Wall Street Pit
Stock News Briefs: U.S. Steel Suffers Third Straight Quarterly Loss; Icahn Again Trying To Stop CIT Debt Offer
October 28, 2009
Consumer Confidence Falls Again; Home Prices Gain for Seventh Month in a Row; Icahn Again Trying to Stop CIT Debt Offer; Obama Reveals $3.4 Billion “Smart Grid” Grant; U.S. Steel Suffers Third... Read More
category F , db , X , and 8 more.
from DailyMarkets.com
Icahn Offers to Buy Certain Classes of Debt from CIT Group Bondholders
October 27, 2009
category Wall Street , Carl Icahn , CIT Group , and 1 more.
from Wall Street Pit
CIT Group amends debt exchange offer, Icahn May Become Top CIT Shareholder
October 26, 2009
var fbShare = {url: 'http://ceoworld.biz/ceo/2009/10/26/cit-group-amends-debt-exchange-offer-icahn-may-become-top-cit-shareholder/',size:'large'}Troubled lender CIT Group Inc (CIT.N) has extended and... Read More
category Tech and Web , CIT , Carl Icahn , and 4 more.
from CEOWORLD Magazine
CIT Group Has Reached a $3B Tentative Deal with Goldman Sachs
October 23, 2009
category Wall Street , CIT Group Inc , Business
from Wall Street Pit
Stock Market News Briefs: More Insider Trading Arrests Coming, Carl Icahn To Lend To CIT Group, US Treasury To Buy Securities From Freddie & Fannie
October 20, 2009
More Insider Trading Arrests Coming; Icahn Offers CIT Bailout; Oil Pushes $80; Treasury Steps In To Support HFAs; N.Y. Times to Cut 100 Newsroom Jobs; Hasbro Shares Fall Amid Soft Sales, Inventory... Read More
category HAS , NYT , External Research , and 12 more.
from DailyMarkets.com
CIT Group Announces Amendmends to its Restructuring Plan
October 18, 2009
category Wall Street , CIT Group Inc , Business
from Wall Street Pit
(CIT) A Rarity: The Small-Business Loan
October 14, 2009
Today’s New York Times has an excellent article on the difficulty that small businesses are still having in getting loans. While the capital markets have freed up, and as a result larger firms are able... Read More
category Freddie Mac , Credit Services , CIT Group , and 7 more.
from Stock Blog Hub
Jeffrey M. Peek is stepping down as the CIT Group CEO
October 14, 2009
Jeffrey M. Peek is stepping down as the CIT Group’s (NYSE:CIT) chief at the end of this year. The stock market did not like the news, as CIT’s shares fell below $1 for the first time since the company... Read More
category CSFB , CIT Group , Jeffrey M/ Peek , and 13 more.
from CEOWORLD Magazine
CIT Group CEO Jeffrey Peak to Resign
October 13, 2009
category CIT , Wall Street , Business , and 1 more.
from Wall Street Pit
Goldman Sachs May Amend CIT Loan
October 07, 2009
Goldman Sachs Group Inc. (GS) is contemplating to amend the terms of a $3 billion loan which it had given to struggling lender CIT Group Inc. (CIT) to enable it to continue using the facility. The... Read More
category Financial , CIT , GS , and 3 more.
from DailyMarkets.com
($GS) Goldman Sachs Group May Amend $3 Billion CIT Group Loan
October 07, 2009
Goldman Sachs Group Inc. (GS) is contemplating to amend the terms of a $3 billion loan which it had given to struggling lender CIT Group Inc. (CIT) to enable it to continue using the facility. The... Read More
category Goldman Sachs Group Inc/ , Financial , CIT , and 3 more.
from Stock Blog Hub
Pacific Investment Management Co – PIMCO Left CIT Group Bondholder Steering Committee
October 07, 2009
Pacific Investment Management Co- PIMCO, one of six members of a steering committee of CIT Group Inc’s (NYSE: CIT) largest bondholders that put in place $3 billion of financing for the struggling... Read More
category Pacific Investment Management Co/ , Oaktree Capital Mngmt , Centerbridge Partners LP , and 6 more.
from CEOWORLD Magazine
CIT Group Has Little Hope of Succeeding, Analysts Says
October 05, 2009
category Wall Street , CIT Group Inc , Business
from Wall Street Pit
Goldman Sachs Would Receive $1B if CIT Group Goes Bust
October 04, 2009
category Wall Street , Goldman Sachs Group Inc , CIT Group Inc , and 1 more.
from Wall Street Pit
CIT Offers Debt Exchange, Draws Up Bankruptcy Plans
October 04, 2009
In what is being viewed as a last-ditch effort to avoid filing for protection from its creditors, commercial lender CIT Group Inc. (CIT) is offering bondholders a debt exchange, while still preparing... Read More
category Financial , CIT , USA , and 3 more.
from DailyMarkets.com
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