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Cit Group stories:
Wal-Mart offers vendors a way to faster payment
Nov 13th, 2009 - Boston
SAN FRANCISCO—Wal-Mart Stores Inc., the world's biggest retailer, is offering its clothing vendors a faster way to get paid that could change how struggling retailers and vendors do business together. Wal-Mart...
After filing for bankruptcy, CIT wants to borrow $500 million cushion
Nov 3rd, 2009 - cleveland
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 3rd, 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...
After bankruptcy, CIT’s next hurdle is to keep its base
Nov 2nd, 2009 - Boston
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 Group's future remains up in the air after bankruptcy filing
Nov 3rd, 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...



