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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...
Cit Group videos from YouTube:
- In-Depth Look - CIT Group...Insight with Bloomberg Editor-at-Large Tom Keene (Bloomberg News)
- 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)
- Don't Panic! CIT Group -...July 26, 2009 - recorded 14:30 EDT Dodd Says US Shouldnt Rule Out Helping CIT Avoid Bankruptcy: www.bloomberg.com CIT Reworks Tender to Punish Late Exchange of Notes: www.bloomberg.com CIT ripple effect squeezes small businesses, retailers: tinyurl ...
- 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 stories from Digg:
Taxpayers on hook as bailed-out firms fail
NEW YORK -- A year ago, the financial system was tottering and government officials arranged a $2.3 billion emergency cash infusion into CIT Group, a troubled lender to small businesses. Today, CIT is in bankruptcy court, and the taxpayers' investment is on the brink of being wiped out. (Political News)
MinarchianSun, Nov 15th, 200916 Diggs, 2 CommentsTaxpayers on hook as bailed-out firms fail
NEW YORK -- A year ago, the financial system was tottering and government officials arranged a $2.3 billion emergency cash infusion into CIT Group, a troubled lender to small businesses...Today, CIT is in bankruptcy court, and the taxpayers' investment is on the brink of being wiped out. It would be the largest loss so far...(Political News)
equanimistSun, Nov 15th, 20095 Diggs, 0 CommentsCIT Group è il quinto fallimento più grande della storia...
...ma nessuno sembra accorgersene. Come ampiamente previsto e atteso CIT Group, una finanziaria indipendente specializzata nel credito alle piccole e medie imprese, ha presentato i libri al tribunale fallimentare di New York richiedendo di seguire la strada della ristrutturazione del debito detta "Chapter 11".(Business & Finance)
castellidicarteSun, Nov 15th, 20091 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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