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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 Reorganization Plan Confirmed By Court
December 08, 2009
CIT Reorganization Plan Confirmed By Court Read More
category Finance
from FOXBusiness.com
CIT's Reorganization Plan Confirmed by Court, Co. Expects to Emerge from Bankruptcy on Dec. 10
December 08, 2009
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5168007 for the full story. Read More
from StreetInsider.com News Articles
CIT Prepackaged Plan of Reorganization Confirmed by Court
December 08, 2009
Emergence from Bankruptcy Anticipated for December 10, 2009 Read More
from Business Wire News Releases
CIT Group Bankruptcy Plan Wins Wide Support
November 19, 2009
CIT Group's bankruptcy plan gets much more support than required. Read More
category Market Overview
from FOXBusiness.com
CIT Announces Updated Solicitation Results for Its Prepackaged Plan of Reorganization
November 19, 2009
Provides Notice of Election to Eligible Holders of Class 8 Long-dated Senior Unsecured Notes Read More
from Business Wire News Releases
UCBH failure likely spells second TARP loss
November 09, 2009
The second loss from the government’s Troubled Asset Relief Program, or TARP, may come from the failure of San Francisco-based bank UCBH Holdings. Read More
category Company Announcements , SEC , UCBH , and 5 more.
from MarketWatch
Advanta files for bankruptcy -- more bad news for small-business borrowers
November 09, 2009
DailyFinance : A deep recession isn't a great time to be in the business of lending to entrepreneurs. First CIT Group had to seek bankruptcy protection last month when it failed to strike a deal with... Read More
category SmallBusiness , small business , credit cards , and 8 more.
from DailyFinance.com
Top 10 News Items 11/02-11/06: Unemployment Rate Now Over 10%, Fed to Keep Rates 'Exceptionally Low' for 'Extended Period', Buffett Does the Biggest Deal of His Life
November 06, 2009
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5085187 for the full story. Read More
from StreetInsider.com News Articles
Court Date For CIT's Reorganization Set For Dec. 8
November 03, 2009
Court Date For CIT's Reorganization Set For Dec. 8 Read More
category Finance
from FOXBusiness.com
CIT Confirmation Hearing Scheduled for December 8, 2009
November 03, 2009
Business Operations to Continue in the Ordinary Course Read More
from Business Wire News Releases
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
Mexican peso eases; progress made on 2010 budget
November 02, 2009
Mexico’s currency eases, moving off earlier advances made after legislators decided to accept a permanent sales-tax increase, and after the release of upbeat economic data from the U.S., Mexico’s... Read More
category TMX , Market News , CIT , and 6 more.
from MarketWatch
Cramer Thinks U.S. Could Be Readying Sale of Citigroup (C) Shares
November 02, 2009
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5065124 for the full story. Read More
from StreetInsider.com News Articles
Einhorn gained almost 4% in October
November 02, 2009
SAN FRANCISCO (MarketWatch) -- David Einhorn generated gains of almost 4% in October, according to the investment results of Greenlight Capital Re, a reinsurer that invests its premiums with the hedge... Read More
category F , Market News , DE:PAH3 , and 12 more.
from MarketWatch
Insurers Principal, Hanover to report after bell
November 02, 2009
Principal Financial is forecast to report a decline in earnings when it releases quarterly results, while Hanover Insurance Group's earnings are expected to surge for the third quarter. Read More
category Market News , SNCR , THG , and 7 more.
from MarketWatch
Unusual 11 Mid-Day Movers 11/02: HGSI, EAC, IUSA, VRTX Higher; CIT, YRCW, GTXI, CPF Lower
November 02, 2009
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5064880 for the full story. Read More
from StreetInsider.com News Articles
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
NYSE To Suspend Trading of CIT Group (CIT) Tomorrow
November 02, 2009
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5064151 for the full story. Read More
from StreetInsider.com News Articles
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, Ford, Sysco in the spotlight
November 02, 2009
U.S. stock futures pointed to a solid open Monday after strong results from Ford Motor Co. and as investors looked ahead to a week of rate decisions, earnings and economic reports. See Indications. Read More
category JWN , F , Earnings , and 13 more.
from MarketWatch
Stocks Open Mixed as Investors Await Economic Reports
November 02, 2009
Blue chips rose while tech stocks were stagnant as investors awaited the latest reports on manufacturing and housing. The Dow added 34 points to 9747 while Nasdaq slipped 3 points to 2041. Read More
category Market News
from MarketMinute.com Market Updates
CIT files for bankruptcy protection
November 02, 2009
CIT Group Inc., a major lender to small and midsize businesses across the nation, becomes the latest victim of the financial crisis, filing one of the largest Chapter 11 bankruptcies in U.S. history Read More
category MTLQQ , AIG , General , and 7 more.
from MarketWatch
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