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  • going_out_of_business3.jpg

    As CIT works to avoid bankruptcy, many who track the retail industry are concerned that CIT's troubles will set off a chain reaction that will leave retailers in the lurch during the critical holiday season.

  • Michael J. Cavanagh

    JPMorgan Chase had impressive earnings for the quarter and is on track to continue those results in the quarters to come according to CFO Michael Cavanagh.

  • CIT Group entrance

    I can report that CIT is likely to file bankruptcy tomorrow, though the situation remains fluid, according to a source close to the company.

  • cit_logo.jpg

    CIT Group's inability to get emergency government funding raises expectations that the commercial lender will file for bankruptcy.

  • The business model of the traditional (i.e., non-distressed) private equity fund is challenged.

  • GM_logo_down.jpg

    I’ve noticed today that shares of GM, which have absolutely no value, are trading up 39% to well over $1 a share. The stock no longer trades on the NYSE, but still trades over the counter.

  • It’s a unique call, to say the least, but the numbers don’t lie.

  • General Motors’ plan to sell its European operations to a Canadian auto parts maker and a Russian bank appeared Monday to be in trouble, when another bidder said it was nearing a deal for the unit, the New York Times reported.

  • M&A is not dead, it has just moved from the boardroom to the bankruptcy court.

  • Stocks racked up their fourth straight down week Friday as a Chevron profit warning exacerbated earnings worries. Techs got a boost from an upgrade on the hardware sector.

  • Fritz Henderson

    GM CEO Fritz Henderson told CNBC Friday that the new GM must succeed and he said that he believes that the company will do just that.

  • Stocks were mixed Friday as a Chevron profit warning exacerbated earnings worries but an upgrade on the hardware sector boosted tech stocks.

  • On the day GM emerged from bankruptcy, company CFO Ray Young told CNBC Friday that the new GM won't be seeing real cash flow until sometime in 2010.

  • 2010 Chevy Camaro

    Amid the gloom of bankruptcy and a miserable market for new vehicles, G.M.’s  new Chevrolet Camaro muscle car is winning over consumers looking for a little excitement in a bland landscape of look-alike sedans and watered-down sport utilities.

  • Stocks opened lower Friday as Chevron's earnings warning added to investors' worries about earnings and the economic recovery.

  • Just off the lows of the day, futures point to a slightly lower open on this last trading day of the week. The markets are on pace for their fourth straight week of declines – their longest losing streak since February/March.

  • Futures pointed to a modestly lower open for Wall Street on Friday as Chevron's earnings warning added to investors' uncertainty on corporate earnings.

  • GM auto dealership with sign.

    Once the world's largest and most powerful automaker, new GM is now cleansed of massive debt but faces a daunting task as car sales are in the worst slump in 25 years.

  • GM logo, General Motors logo

    General Motors completed a major step in its turnaround and closed the sale of its good assets to a new, government-backed carmaker, at a speed unimagined by auto and bankruptcy experts.

  • Lenny Dykstra sat down with CNBC at his $24 million hilltop estate behind the gates of Sherwood Country Club.