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EmailWire.Com (Free subscription) | 11/25/2009
(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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Denver Post (Free subscription) | 11/24/2009
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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WWD (Free subscription) | 11/24/2009
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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The Business Insider (Free subscription) | 11/24/2009
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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DealBook (Free subscription) | 11/23/2009
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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Stock Market Analysis (Free subscription) | 11/21/2009
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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Editor And Publisher (Free subscription) | 11/23/2009
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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Stock Market Analysis (Free subscription) | 11/25/2009
... 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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Madison County Record (Free subscription) | 11/24/2009
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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SeekingAlpha.com (Free subscription) | 11/24/2009
... 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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Stock Market Analysis (Free subscription) | 11/23/2009
... 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...