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Markets Start Week Higher on CIT Reports

Jul. 20, 2009
Upbeat investors welcomed reports that the CIT Group was close to securing enough financing to avoid filing for bankruptcy protection.
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JPMorgan Chase eyes CIT Group

JPMorgan Chase eyes CIT Group

NEW YORK, July 17 (UPI) -- A JPMorgan Chase spokesman said the bank was keeping an eye on the fate of CIT Group, the struggling New York lender, as a possibility for expansion.
U.S. mulls rescue of small-business lender

U.S. mulls rescue of small-business lender

WASHINGTON, July 14 (UPI) -- The Obama administration is mulling whether to bail out a key small-business lender, a consideration analysts say underscores how fragile the U.S. economy is.

CIT Aerospace orders five 787-8 jets

CHICAGO, Oct. 26 (UPI) -- A unit of CIT Group Inc. has ordered five Boeing Co. 787-8 jets, the Chicago aeronautics company said Thursday.

CIT buying European vendor businesses

NEW YORK, Oct. 2 (UPI) -- CIT Group Inc., a U.S. commercial and consumer finance group, is buying the British and German vendor finance business of Barclays Bank PLC.

More Airbus jets for Qatar Airways

DOHA, Qatar, Sept. 18 (UPI) -- Qatar Airways is leasing six new Airbus jets from CIT Aerospace, the CIT Group Inc. subsidiary said Monday.

Airbus books orders worth about $1 billion

FARNBOROUGH, England, July 20 (UPI) -- CIT Group Inc.'s aircraft leasing unit, which is based in New York, is buying Airbus SA aircraft worth about $1 billion, at current list prices.

Donnkenny files Chapter 11

NEW YORK, Feb. 8 (UPI) -- Donnkenny Inc. of New York and its subsidiaries Tuesday filed for voluntary Chapter 11 bankruptcy protection.

Happy Kids files Chapter 11

NEW YORK, Jan. 4 (UPI) -- Clothing producer Happy Kids Inc. of New York Tuesday filed a voluntary petition for Chapter 11 in U.S. Bankruptcy Court in Manhattan. The company's two largest secured creditors are CIT Group/Commercial Services, which holds a claim of $33 million, and n

CIT Group opens on Big Board

NEW YORK, July 2 (UPI) -- Tyco International on Tuesday raised a less-than-expected $4.6 billion from the sale of its CIT Group finance arm in the fourth-largest initial public offering

CIT opens on Big Board

NEW YORK, July 2 (UPI) -- Tyco International on Tuesday raised a less-than-expected $4.6 billion from the sale of its CIT Group finance arm. Tyco sold 200 million shares at $23 each, bel
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler