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" cit group files chapter 11 protection
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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)
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Although Goldman Sachs' record $2 billion profit took a share of attention but not all today’s economic news was so rosy. CIT Group, Dell and CSX were under pressure. Dave Kansas reports after the closing bell.
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Top stories include: Business lender CIT Group might be headed for bankruptcy. Plus, the trillion dollar deficit, and market strategist Joe Battipaglia.
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Top stories include: Former Treasury Secretary Henry Paulson gets grilled on the Capitol Hill, CIT Group is on a bankruptcy countdown & JP Morgan Chase 2Q revenues jump.
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Top stories include: CIT Group shares surge on news of rescue deal. Stuart Schweitzer has the outlook for stocks. And, new challenges for health care reform.
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