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Posts related to ‘CIT’

CIT Late on Annual Report; Guides For Losses (CIT)

Posted: March 1, 2010 at 5:29 pm

Not surprisingly, CIT Group Inc. (NYSE: CIT) filed with the SEC a form NT 10-K... That is a non-timely annual report notification.  The company said it would be unable to ...
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Media Digest 2/9/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: February 9, 2010 at 3:53 am

Reuters:   Toyota (NYSE:TM) will recall the Prius. Reuters:   UBS (NYSE:UBS) posted a profit. Reuters:   Nissan posted a profit and raised forecasts. Reuters:   JAL will maintain its ties with AMR (NYSE:AMR). (more...) ...
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Disgraced Former Merrill CEO Gets Top CIT Job

Posted: February 8, 2010 at 5:16 am

They are a perfect pair. Disgraced former Merrill Lynch CEO John Thain will join CIT (NYSE:CIT), the lending firm disgraced by a Chapter 11 filing, as its new chief. Thain's ...
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Shamed Wall St. Ex-CEO Thain May Run CIT (CIT)

Posted: January 12, 2010 at 6:40 pm

John Thain, former co-president of Goldman Sachs (NYSE:GS) and CEO of The New York Stock Exchange and Merrill Lynch, who was virtually shamed into retirement after Merrill was bought by Bank of ...
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CIT Group Exits Bankruptcy, Wiping Out Old Holders (CIT, CITGQ)

Posted: December 8, 2009 at 1:38 pm

CIT Group Inc. (OTC: CITGQ) is emerging from bankruptcy.  The company has just announced that its prepackaged plan of reorganization was confirmed by the United States Bankruptcy Court for the ...
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Short Sellers Abandon Financials (WFC)(CIT)(BAC)(JPM)

Posted: November 11, 2009 at 4:24 am

Short sellers have bought into the notion that the financial industry is in full recovery. Shares sold short in Wells Fargo (NYSE:WFC) fell 8% to 78.8 million shares. Shares short ...
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The Layoff Culture Lives On

Posted: November 4, 2009 at 4:42 am

Economists still expect layoffs in the US and Europe to slow as the recovery gains momentum. Pessimists among experts on GDP growth and job losses believe that the major risk ...
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Media Digest 11/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: November 3, 2009 at 3:55 am

Reuters:   The value of the yuan could cause a trade war between the US and China. Reuters:   Executive pensions rose despite drops in stock prices. Reuters:   Lloyds will make a ...
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CIT Highlights Risks in Junkier Financial Stocks (CIT, FNM, FRE, ABK, C, ETFC, AIG, PMI)

Posted: November 2, 2009 at 3:36 pm

It is of little surprise that CIT Group, Inc. (NYSE: CIT) is seeing clobbered today.  The company has finally filed its pre-packaged Chapter 11 bankruptcy package and that has CIT ...
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Top Day Trader Alerts (CIT, DNDN, F, HGSI, MOT)

Posted: November 2, 2009 at 9:57 am

This is a strange morning for day trader alerts.  There are not dozens and dozens of stocks in the big news, but those that are moving are moving big.  We ...
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Media Digest 11/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: November 2, 2009 at 4:54 am

Reuters:   Investors in the banking sector were disturbed by the CIT (NYSE:CIT) bankruptcy. Reuters:   Summers will lead a high level meeting on the economy. Reuters:   US companies are holding more ...
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CIT (CIT) Prepares Chapter 11

Posted: November 1, 2009 at 2:14 pm

According to The Wall Street Journal, CIT (NYSE:CIT) will file for Chapter 11 today. Bondholders will probably provide $4.5 billion in financing for a prepackaged bankruptcy. Senior creditors will likely get ...
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The Unusual Suspects (BEAT, CIT, CIT-PZ, GNW, GFIG, HGSI, GSK, MCO, BRK-A, RVSN, CSCO)

Posted: November 1, 2009 at 11:33 am

Earnings season is seeming to wind down here, but that won't stop the unusual suspects of key equity events and issues to watch this coming week.  We are looking into ...
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CIT (CIT) Gets $1 Billion From Icahn

Posted: October 30, 2009 at 1:26 pm

CIT Group (NYSE: CIT) it has entered into an agreement with Carl Icahn to support its restructuring plan and secured an incremental $1 billion committed line of credit from Icahn Capital ...
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Top Day Trader Alerts (GNW, CIT, VVUS, NVTL, SWIR, HGSI)

Posted: October 30, 2009 at 9:11 am

We are only featuring a few key day trader and active trader stocks early this morning.  We have links through to more data and analysis with links on each stock ...
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