CIT Group



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CIT GROUP Bankruptcy News, Issue No. 6

(EMAILWIRE.COM, November 25, 2009 ) FAIRLESS HILLS, Pa. -- Bankruptcy Creditors\' Service, Inc., published Issue No. 6 of CIT GROUP BANKRUPTCY NEWS today. The 6-page newsletter contains stories with these headlines: [00064] CIT PLAN GETS OVERWHELMING SUPPORT FROM CLASS 7 CREDITORS [00065]...

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CIT gets court OK to borrow $500 million

CIT Group, the bankrupt 101-year-old commercial lender, won court approval Monday to borrow as much as $500 million to issue letters of credit that guarantee its debts.

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CIT Gets OK for $500M in Financing

CIT Group receives go-ahead from bankruptcy judge to borrow as much as $500M to operate while in Ch 11. proceedings.

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CIT Makes Sure Rodge Cohen Will Get Paid $965 Per Hour

CIT was allowed to officially add Sullivan & Cromwell to the laundry list of lawyers handling its bankruptcy, and it made sure the firm would be paid specific hourly rates. S&C has been advising CIT Group's board since August (when it was trying to avoid bankruptcy), but asked the court to approve the firm's change from counsel to the board to special counsel to the company. Three sources...

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Judge Allows CIT to Borrow Up to $500 Million

The CIT Group, a leading commercial lender, won bankruptcy court approval on Monday to borrow as much as $500 million to issue letters of credit that guarantee its debt.

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CIT Group CITGQ Stock Analysis - Update

The following is technical analysis on CIT Group, Inc. (CIT) for November 23, 2009 CIT Group, Inc. (CIT) support and resistance levels - 11/23/09 Resistance Levels - $0.23, $0.257, $0.286 Support Levels - $0.15 Chart - http://stockcharts.com Discuss Stocks - http://stockstobuy.org CIT Group, Inc. (CITGQ.PK) continues to trade below the 10 day moving average and has failed to make...

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Tierney Group Gets More Time in Philadelphia Newspapers Bankruptcy

Philadelphia Newspapers LLC, the group that owns the bankrupt Philadelphia Inquirer and Philadelphia Daily News, will have the exclusive right to propose a reorganization plan until at least the end of January -- good news for Philadelphia Newspapers CEO Brian Tierney (left).

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Hot OTC Pink Sheets Stocks November 27 2009

... 1. BizAuctions, Inc. ( BZCN.PK ) 2. MedClean Technologies, Inc ( MCLN.OB ) 3. CIT Group, Inc. (CITGQ.PK) 4. Motors Liquidation Company (MTLQQ.PK) 5. General Growth Properties Inc. (GGWPQ.PK) 6. Washington Mutual Inc. (WAMUQ.PK) 7. Imaging3 Inc. ( IMGG.OB ) 8. Bryn Resources, Inc. (BRYN.PK) 9. Health Sciences Group Inc. (HESG.PK) 10. American Sierra Gold Corp. (AMNP.OB) 11. Vega Promotional...

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Hot OTC Pink Sheets Stocks November 25 2009

... 1. BizAuctions, Inc. ( BZCN.PK ) 2. Bryn Resources, Inc. ( BRYN.PK ) 3. Health Sciences Group Inc. ( HESG.PK ) 4. Vega Promotional Systems, Inc. ( VGPR.PK ) 5. MedClean Technologies, Inc ( MCLN.OB ) 6. Motors Liquidation Company (MTLQQ.PK) 7. CIT Group, Inc. (CITGQ.PK) 8. Xcellink International Inc. (XCEL.OB) 9. General Growth Properties Inc. (GGWPQ.PK) 10. Imaging3 Inc. ( IMGG.OB...

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Farmers claim cooperative not paid $2.4 million for hogs

Three pork farms say a financial services company refused to release $2.4 million to a farm cooperative after it purchased hogs from the farms. Great Lakes Pork, Johnson-Pate Pork and Lehmann Brothers Farms filed a lawsuit Nov. 19 in St. Clair County Circuit Court against The CIT Group/Business Credit and Richard T. Klene. Great Lakes Pork, Johnson-Pate Pork and Lehmann Brothers Farms all were...

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Hot OTC Pink Sheets Stocks November 24 2009

... Inc. ( BZCN.PK ) 2. Americas Energy Company (AENY.OB) 3. WIND WORKS POWER ( WWPW.OB ) 4. CIT Group, Inc. (CITGQ.PK) 5. Motors Liquidation Company (MTLQQ.PK) 6. One World Ventures, Inc. (OWVI.PK) 7. Imaging3 Inc. ( IMGG.OB ) 8. MASS PETROLEUM INC ( MASP.OB ) 9. General Growth Properties Inc. ( GGWPQ.PK ) 10. Health Sciences Group Inc. ( HESG.PK ) 11. Imaging Diagnostic Systems Inc....

5Vote!

Zions Bancorp: Shareholder Confidence May Be High, But Bank's Valuation Still Troubled

... of small- and medium-sized lender bankruptcies this year, most spectacularly in the case of CIT Group ( CITGQ.PK ). Complete Story »

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Hot OTC Pink Sheets Stocks November 23 2009

... are Up on the day Discuss Stocks - http://stocktobuy.org/ 1. BizAuctions, Inc. ( BZCN.PK ) 2. CIT Group, Inc. (CITGQ.PK) 3. Imaging3 Inc. (IMGG.OB) 4. Health Sciences Group Inc. (HESG.PK) 5. General Growth Properties Inc. ( GGWPQ.PK ) 6. American Sierra Gold Corp. ( AMNP.OB ) 7. Power 3 Medical Products Inc. (PWRM.OB) 8. Matech Corp. ( MTCH.OB ) 9. Motors Liquidation Company ( MTLQQ.PK...

4Vote!

Hot OTC Pink Sheets Stocks November 20 2009

... 1. General Growth Properties Inc. ( GGWPQ.PK ) 2. Imaging3 Inc. ( IMGG.OB ) 3. CIT Group, Inc. (CITGQ.PK) 4. Health Sciences Group Inc. (HESG.PK) 5. BERGIO INTL INC (BRGO.OB) 6. Motors Liquidation Company (MTLQQ.PK) 7. AMERICAS ENERGY CO ( AENY.OB ) 8. Power 3 Medical Products Inc. (PWRM.OB) 9. ARTFEST INTL INC ( ARTS.OB ) 10. Genta Incorporated ( GETA.OB ) 11. Advanced Cell Technology...