CIT Group News

Shares of CIT Group Inc. were off nearly 30% in early trading Friday on a report the Federal Deposit Insurance Corp.

CIT Group Inc. , the century-old lender to 950,000 businesses, is trading in the bond market as if it may fail.

We mentioned the other day that while GECapital enjoy some Federal assistance, CIT does not .

C.I.T. is in trouble. C.I.T. lose all of its three investment rates.

CIT Group Inc , a commercial U.S. lender struggling to finance its business, is pressing U.S. regulators to allow it to issue government-backed bonds to allay concerns over its financial health, the Financial Times reported on its website late on Wednesday.

The markets were down sharply on Tuesday, losing an average of over 2% following a 5-day decline in oil prices.

U.S. Markets plunged in Tuesday Midday trading as the Dow Jones Industrial Average drops 104 points to 8219.

The Dow Jones Industrial Average dropped 82.38 points to 8447.00 points. The index high for the day was 8560.44, while the low was 8393.95. Total volume traded in the 30 components of the index was 1.38bn shares.

NEW YORK A federal judge overseeing the bankruptcy proceedings for Philadelphia Newspapers LLC ordered lawyers for the company's creditors to share details of their investigation into an alleged unauthorized recording of a meeting with the company's lenders.

Props to ProPublica and the Washington Post for a joint story on how General Electric has benefited from $74 billion in bailouts in the form of guarantees on its debt - without being subject to the normal level of regulation for banks.

HT to Rhymes With Shown for this . You should read his post to get a feel for Professional Rent-Seeking. Long story short, the FDIC began backing the borrowing of certain banks and S&L's about the same time TARP rolled out.

The S&P 500 hit a recent peak on June 12, 2009, and debate continues within the investment community over whether the market is in a bear market rally , or at the start of a new bull market.

Reuters reported that investment bank Fox-Pitt downgraded CIT Group to "in line" from "outperform" and said the bank holding company's application for the government's temporary liquidity guarantee program was not likely to be approved.

SMITHFIELD Construction supplier Cam Fabrication Holdings Inc. and several related companies filed for Chapter 7 bankruptcy in late May, ending the operations of businesses that at one point employed about 130 people.

Yes, you read that headline correctly. In the midst of the worst year for dividend investors in more than a generation, I'm telling you that now's the time to double down on dividend stocks.

Retailer cites debt concerns stemming from previous reorganization. By Julianne Pepitone , CNNMoney.com contributing writer Click the chart to view the latest stock prices.

Bally Total Fitness Holding Corp., the Chicago-based operator of 328 gyms in 25 states, has reached an agreement that will enable it to emerge from bankruptcy reorganization, according to court documents filed last week.

In the latest retail casualty of the recession, Eddie Bauer is seeking Chapter 11 bankruptcy protection.

CIT Group Inc. , a leading provider of financing to small businesses and middle market companies, today released another installment of "5 Minute Capital" , its award-winning series of five-minute podcasts featuring senior CIT executives commenting on current market conditions, industry trends and future opportunities in the middle market.

Operation HOPE, a global nonprofit social investment banking and financial literacy empowerment organization, announced a partnership with CIT Group that would generate support for HOPE's core portfolio financial literacy initiatives.