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CIT Group Looking To Sell Commercial Air Unit For As Much As $4 Billion
Tuesday, May 31, 2016 - 10:58am | 244Read More...Shares of CIT Group Inc. (NYSE: CIT) were trading higher by more than 1 percent on Tuesday following a report by Reuters that the company is looking to sell its aircfrat leasing assets which could fetch $3 billion to $4 billion. Interested bidders include more than a dozen entities, including...
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The 10 Largest Bankruptcies Of All Time
Monday, January 26, 2015 - 4:55pm | 612Read More...Despite a continued recovery in the U.S. economy and generally strong growth of American industry last year, not all companies enjoyed a prosperous 2014. In fact, two of the ten largest bankruptcies in history happened last year. Here’s a rundown of the 10 largest bankruptcies (by assets)...
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CIT Group: The Great 'Known Unknown' In 2 Charts
Wednesday, January 21, 2015 - 10:37am | 401Read More...These graphs were produced by Capital Market Labs. Learn how the company is bringing the power of living data to the world of finance. Here’s a remarkable pair of charts for CIT Group Inc. (NYSE: CIT). The first plots the Fair Value of Liabilities on the x-axis, versus Level 3...
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Markets Mostly Higher As Earnings Season Continues To Impress
Wednesday, July 23, 2014 - 4:55pm | 2953Read More...U.S. stocks were mostly higher as investors and traders continue to weigh in on earnings from large-cap companies like Apple, Microsoft, Facebook, and momentum high-flyers like Chipotle Mexican Grill and Intuitive Surgical. Despite geopolitical concerns, the S&P 500 managed to close at a...
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Earnings Season Boosts Confidence; S&P Trades At Record Highs
Tuesday, July 22, 2014 - 4:40pm | 2810Read More...U.S. stocks rose as earnings season continues to impress with companies like Comcast, Chipotle Mexican Grill and Verizon reported positive results. The National Association of Realtors reported existing home sales rose better than expected. helping propel stocks higher despite global...
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Is Sears on Life Support?
Wednesday, October 30, 2013 - 8:31am | 619Read More...Sears Holdings (NASDAQ: SHLD) said Tuesday it was mulling over spinning off both its Land’s End and Sears Auto Center businesses, according to The New York Times. Brian Sozzi, chief equities strategist at Belus Capital Advisors said this is yet one more sign of impending doom for the brand. As...
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Wednesday Was A Day That Bill Ackman Will Want to Forget
Thursday, August 1, 2013 - 7:41am | 640Read More...Even billionaires have bad days at the office. Ackman started the day with CNBC announcing that he had taken a 9.8 percent stake in Air Products and Chemicals (NYSE: APD). Despite announcing a new long position that sent the stock up more than three percent on the day, it’s probably safe...
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Sterne Agee Reiterates Buy Rating On CIT Group
Wednesday, June 15, 2011 - 7:51am | 115Read More...According to Sterne Agee, CIT Group (NYSE: CIT) Buy rating is reiterated. Sterne Agee said that it is altering the format of our earnings estimates to reflect expected cost related to reduction in the company 7.00% notes (As & Cs). “We have always factored this into our book value estimates,...
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Barclays Downgrades CIT Group To Equal Weight, PT To $46
Wednesday, April 6, 2011 - 8:37am | 28Read More...Barclays has downgraded CIT Group (NYSE: CIT) from Overweight to Equal Weight and has lowered the price target from $48 to $46.
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Citigroup Initiates CIT Group At Buy
Tuesday, January 11, 2011 - 8:50am | 24Read More...Citigroup has initiated coverage on CIT Group (NYSE: CIT) with a Buy rating and $57 price target.
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Credit Suisse Initiates CIT Group
Friday, December 10, 2010 - 11:42am | 24Read More...Credit Suisse initiates coverage on CIT Group (NYSE: CIT) with a Neutral rating and $45 price target.
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How Much Upside Is Left For Junk Bonds?
Monday, October 25, 2010 - 12:49pm | 358Read More...If you've been wondering how much upside is left for junk bonds, Barron's has an interesting interview with Mark Vaselkiv, the man in charge of the taxable high-yield bond team at investment manager T. Rowe Price Group, Inc. (NASDAQ: TROW). Vaselkiv has been in charge of the $8 billion T. Rowe...
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Bears Target CIT
Tuesday, May 4, 2010 - 1:48pm | 110Read More...CIT Group (NYSE: CIT), who recently reemerged from bankruptcy, is seeing a large bearish bet this afternoon even as the stock moves lower. The July $35 put was purchased on the offer 20,000 times a short while ago. This volume vastly outpaces the open interest on that strike and suggests that new,...
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CIT Group (CIT) Repaying $750 Million Of Debt Early
Monday, February 8, 2010 - 6:44pm | 90Read More...CIT Group, Inc. (NYSE: CIT) announced on Monday that the company will repay $750 million of its "high cost" debt ahead of schedule. "The company will prepay this high cost debt out of its available holding company cash position, which is in excess of $5 billion," CIT said in a statement. The board...
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Carl Icahn Approves Of CIT Group (CIT) Hiring John Thain
Monday, February 8, 2010 - 5:40pm | 190Read More...Investor Carl Icahn voiced his support for John Thain's hiring as Chief Executive of CIT Group, Inc. (NYSE: CIT). "He's a very good pick for the job," Icahn said. "Thain has a pretty good history of operations and making things happen." Icahn said that CIT Group has "great" lending platforms that...
