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  • CIT Group Confirms $3 Billion Financing Deal Monday, 20 Jul 2009 | 8:27 PM ET
    CIT Group entrance

    Commercial lender CIT Group  confirmed late Monday that it has secured a $3 billion bailout from its bondholders, saving the company from bankruptcy protection.

  • S&P Hits 8-Month High Amid Earnings Optimism Monday, 20 Jul 2009 | 4:24 PM ET

    Stocks rallied to the finish line Monday after a wobbly morning as a CIT deal to avert bankruptcy and strong earnings gave investors cause for optimism.

  • Stock Rally Begins to Fizzle; CIT Jumps Monday, 20 Jul 2009 | 10:53 AM ET

    A strong start for stocks began to peter out Monday, though CIT continued to rally.

  • Stocks Open Higher, Buoyed by CIT, Earnings Monday, 20 Jul 2009 | 10:31 AM ET

    Stocks opened higher Monday as investors were cheered by news of a deal that will avoid bankruptcy for commercial lender CIT Group and a better-than-expected start the earnings season.

  • Futures Higher on CIT, Earnings Optimism Monday, 20 Jul 2009 | 7:50 AM ET

    Futures indicated a positive open for Wall Street Monday as investors were cheered by news of a deal that will avoid bankruptcy for commercial lender CIT Group.

  • Dow Finishes Big Week With Small Gain Friday, 17 Jul 2009 | 4:44 PM ET

    The Dow turned lower again in late morning trading as investors continued to digest earnings reports from a slew of top-tier companies.

  • Market Struggles For Gains, But CIT Soars Friday, 17 Jul 2009 | 12:56 PM ET

    The Dow turned lower again in late morning trading as investors continued to digest earnings reports from a slew of top-tier companies.

  • Futures Fall as GE, BofA Drop; Citi Gains Friday, 17 Jul 2009 | 8:49 AM ET

    Stock futures pointed to a lower opening Friday as traders took a mostly dim view of earnings from General Electric and Bank of America.

  • The difficulties faced by CIT Group may help GE Capital as it will allow GE's finance unit more room to diversify, two analysts told CNBC Friday.

  • CIT Seeks Up to $3 Billion to Avoid a Bankruptcy Filing Thursday, 16 Jul 2009 | 2:57 PM ET

    CIT, the finance company struggling to avoid a Chapter 11 filing as soon as tomorrow, is seeking to line up between $2 to $3 billion in secured financing from private investors, CNBC has learned.

  • Video Debate: What Will Happen to CIT? Thursday, 16 Jul 2009 | 2:38 PM ET

    A bankruptcy filing for CIT is likely, sources have told CNBC, but the debate on whether CIT should receive a government bailout or be allowed to fail is still up for discussion by many CEOs and financial analysts.

  • Will CIT Take Retail With It? Thursday, 16 Jul 2009 | 2:30 PM ET

    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.

  • JPMorgan CFO: Loan Losses Stabilizing; No CIT Exposure Thursday, 16 Jul 2009 | 1:11 PM ET
    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 Looks Set to File for Bankruptcy Thursday, 16 Jul 2009 | 8:24 AM ET
    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 Won't Get Bailout, Raising Bankruptcy Prospect Thursday, 16 Jul 2009 | 8:19 AM ET

    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.

  • Beware GM Equity Wednesday, 15 Jul 2009 | 9:55 AM ET

    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.

  • Cramer’s Latest Bull Market Monday, 13 Jul 2009 | 6:18 PM ET

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

  • Rival Bidder for GM's Opel Says Deal is Near Monday, 13 Jul 2009 | 9:27 AM ET

    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.