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Cit Group stories from Top sites:
After filing for bankruptcy, CIT wants to borrow $500 million cushion
Nov 2nd, 2009 - cleveland.com
Daniel Acker, Bloomberg NewsCIT headquarters in New York.Staff and wire reportsNEW YORK — CIT Group Inc., the bankrupt 101-year-old commercial lender, sought a judge's...Retailers 'Dodge Bullet' With CIT's November Bankruptcy Filing
Nov 2nd, 2009 - Bloomberg
Nov. 3 (Bloomberg) -- The timing of CIT Group Inc.’sbankruptcy filing may have helped U.S. retailers avoid a holidayseason with empty shelves. “Most retailers have dodged a bullet,” said CraigShearman...
CIT Group's future remains up in the air after bankruptcy filing
Nov 2nd, 2009 - Los Angeles Times
On the heels of its bankruptcy filing, CIT Group Inc.'s future as a commercial lending giant will be determined by the confidence of its creditors and customers.
The 101-year-old...After bankruptcy, CIT’s next hurdle is to keep its base
Nov 2nd, 2009 - Boston.com
NEW YORK - A Chapter 11 filing usually means the end of the road for financial companies since they rely so heavily on customer trust. CIT Group Inc. is hoping that its case will be different.
cit's bankruptcy exit fraught with uncertainty
Nov 2nd, 2009 - Reuters
NEW YORK (Reuters) - CIT Group Inc (CIT.N) is looking for a quick exit from Chapter 11 protection but its long-term survival outside of bankruptcy depends in large part on what regulators will allow it to do with its various businesses.
Cit Group videos from YouTube:
- CIT Group Files for Chapter...The Chapter 11 bankruptcy filing for CIT Group was not unexpected. The lender to thousands of small and mid-sized businesses has been struggling for months to avoid collapse. (Nov. 2)
- CIT Group Files for Chapter...
- AP Sources: CIT Group Board...AP sources have confirmed that CIT Group's board has approved a deal with major bondholders involving a $3 billion rescue loan to keep it alive long enough to restructure its debt. (July 20)
- In-Depth Look - CIT Group...Insight with Bloomberg Editor-at-Large Tom Keene (Bloomberg News)
Cit Group stories from Digg:
Marketplace Minute With Bill Radke
Marketplace Minute With Bill Radke : Watch Marketplace Morning Report host Bill Radke cram all the week's business news into a 60-second poem. This week: unemployment, GM isn't selling Opel, Warren Buffett bets on Berkshire Hathaway, Disney's new Chinese park, and CIT Group goes bust.(Business & Finance)
fredochsFri, Nov 6th, 20091 Diggs, 0 CommentsDaily Tackle: CIT Group Files for Chapter 11. No-Yes-Kind of
CIT’s filing for bankruptcy. We have questions, and you may too.(Business & Finance)
legalfishllcFri, Nov 6th, 20091 Diggs, 0 CommentsGarment exporters worried over US firm's bankruptcy filing
Indian garment exporters, already reeling under a severe demand crunch in key markets, have expressed concern over the application for bankruptcy protection filed in the US by CIT group, among the largest lenders to small and medium sized businesses.(Business & Finance)
smetimesThu, Nov 5th, 20093 Diggs, 0 Comments
Cit Group from WikiPedia:
CIT Group, Inc. is a large American commercial and consumer finance company, founded in 1908. The company is included in the Fortune 500 and is a leading participant in vendor financing, factoring, equipment and transportation financing, Small Business Administration loans, and asset-based lending. The company does business with more than 80% of the Fortune 1000, and lends to a million small and medium businesses. It was a part of the S&P 500 Index, but has been replaced by Red Hat as of the close of trading on July 24, 2009. The company has its headquarters in New York City, and employs more than 7,300 people in locations throughout North America, Europe, Latin America, and Asia Pacific. The company's name is an abbreviation of an early corporate name, Commercial Investment Trust.
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