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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.
As Hyundai looks to gain share in the auto market, it will need to offer a full range of vehicles, said John Krafcik, acting president and CEO of Hyundai Motors America.
Contrary to comments made this past weekend by Vice President Joe Biden, President Barack Obama says that the administration did not misread the economic downturn.
The "endless salad and soup" deals remain popular items at Darden Restaurants, but CEO Clarence Otis is more concerned about whether consumers continue to skip dessert or go easy on the cocktails.
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