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CIT Group Inc

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  • April 10- Shares of auto-lender Ally Financial Inc fell as much as 4.1 percent in their market debut on Thursday, taking the shine off the biggest U.S. initial public offering so far this year as investor appetite for big stock offerings shows signs of waning.

  • Feb 25- U.S. companies borrowed more in January to spend on capital investment, the Equipment Leasing and Finance Association said.

  • Jan 28- CIT Group Inc reported a 37 percent fall in its quarterly profit as the century-old small-business lender booked a charge and earned lower interest income. The company booked a $45 million settlement charge in the quarter related to a dispute with former parent Tyco International Ltd..

  • Lender CIT's profit falls 37 pct Tuesday, 28 Jan 2014 | 6:11 AM ET

    Jan 28- Small-business lender CIT Group Inc reported a 37 percent fall in its quarterly profit due to higher expenses. Net income fell to $129.9 million, or 65 cents per share, for the fourth quarter ended Dec. 30 from $206.8 million, or $1.03 per share, a year earlier. The New York- based lender's expenses, excluding interest expense, rose 19 percent to $433.4 million.

  • Nov 22- U.S. companies' borrowing to spend on capital investment was unchanged in October, the Equipment Leasing and Finance Association said.

  • Geithner to join private equity firm Monday, 18 Nov 2013 | 6:03 AM ET

    Former U.S. Treasury Secretary Timothy Geithner is joining private equity firm Warburg Pincus.

  • Oct 22- U.S. companies borrowed less to spend on capital investment last month, the Equipment Leasing and Finance Association said. Washington- based ELFA, a trade association that keeps track of economic activity for the $725 billion equipment finance sector, said credit approvals totaled 77.3 percent in September, down from 79.1 the previous month.

  • Early movers: TRV, DAL, DD, UTX & more Tuesday, 22 Oct 2013 | 7:47 AM ET

    Some of the names on the move ahead of the open.

  • *Third-qtr earnings 99 cents/ shr vs loss of $1.49 year earlier. Oct 22- CIT Group Inc reported its third straight quarterly profit that also beat analysts' estimates as the century-old small-business lender benefited from lower interest payments on its long-term debt.

  • Lender CIT posts profit as interest expense falls Tuesday, 22 Oct 2013 | 6:45 AM ET

    Oct 22- Small-business lender CIT Group Inc reported its third straight quarterly profit due to lower interest payments on its long-term debt. Net income was $199.6 million, or 99 cents per share, for the third quarter ended Sept. 30 compared with a loss of $299.2 million, or $1.49 per share, a year earlier.

  • After-hours buzz: Transocean, Netflix, TI & more Monday, 21 Oct 2013 | 5:32 PM ET

    Check out which companies are making headlines after the bell Monday:

  • Lockheed to furlough 3,000 workers due to shutdown Friday, 4 Oct 2013 | 4:30 PM ET

    Lockheed Martin said about 3,000 employees would be furloughed from Monday due to the U.S. shutdown.

  • After-hours buzz: Red Hat, Westar, Verifone & more Monday, 23 Sep 2013 | 5:07 PM ET

    Check out which companies are making headlines after the bell Monday:

  • John Thain: 'Too big to fail' is too big to solve Monday, 16 Sep 2013 | 11:38 AM ET
    John Thain

    Former Merrill Lynch CEO John Thain told CNBC that "too big to fail" banks are still a problem for markets.

  • Retail: It's (almost) all bad news Monday, 19 Aug 2013 | 12:07 PM ET

    With Saks the latest retailer to disappoint with weaker-than-expected earnings, investors are worried about how the retail sector will fare heading into a heavy week of earnings.

  • Why is everyone picking on Bill Ackman these days? Thursday, 1 Aug 2013 | 10:24 AM ET
    Bill Ackman

    Activist investor Bill Ackman finds himself targeted by other hedge fund giants. But Wednesday, it got even worse for Ackman.

  • Early movers: PG, JCP, CI, TWC, BZH, CBS & more Thursday, 1 Aug 2013 | 8:20 AM ET

    Some of the names on the move ahead of the open.

  • JC Penney stock skids after credit problem report Wednesday, 31 Jul 2013 | 4:26 PM ET

    Commercial lender CIT has stopped supporting deliveries to struggling retailer JC Penney's stores from smaller manufacturers, according to a report from the New York Post.

  • CIT posts profit as interest expense drops 60% Tuesday, 23 Jul 2013 | 8:34 AM ET
    John Thain, chief executive officer of CIT Group Inc.

    CIT Group reported a profit that edged past analysts' estimates as debt-servicing costs fell and its banking unit posted strong loan growth.

  • Your First Move for Monday Friday, 14 Jun 2013 | 1:40 PM ET

    The "Fast Money" traders share their final trades of the day and what they're watching in the week ahead.

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