The CIT Group, Inc., is racking up a row of firsts with its acquisition of 90 new locomotives--40 SD90MAC/4300 high speed units and 50 GP15D and GP20D road switchers--from the Electro-Motive Division of General Motors. "This acquisition marks the first ever of new locomotives for CIT and the first ever...
NEW YORK -- CIT Group Inc. (NYSE: CIT), in response to Moody's Investors Service's decision to downgrade its senior unsecured rating to Baa1 from A3, today issued the following statement:
IRVINE, Calif. -- Toshiba's Digital Products Division, a division of Toshiba America Information Systems Inc. and provider of industry-leading portable computers, projectors and other mobile-related services and products, and CIT Group Inc. (NYSE:CIT) today announced that CIT will provide leasing and financing programs for Toshiba customers in the private and...
CHICAGO -- Fitch Ratings has issued a presale report on CIT Equipment Collateral 2004-DFS (CITEC 2004-DFS). The notes will be backed by commercial lease contracts originated directly or purchased and serviced by Dell Financial Services L.P. DFS through the Dell Inc. Dell/CIT Group Inc. CIT Joint Venture. CITEC DFS represents...
NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced that it has provided a $90 million revolving line of credit and term loan to Como Fred David Group, a women's apparel company. The funds were used to facilitate a recapitalization of Como Fred...
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Christopher Menkin submits: On Friday, October 3, 2008, CIT Group Inc. CIT announced that Walter Owens resigned as President of Corporate Finance, effective immediately. The company will issue its financial results for the quarter ending September 30, 2008 before the market opens on Thursday, October 16, 2008. No comment on...
NEW YORK & REDMOND, Wash. -- CIT Group Inc. (NYSE:CIT), a leading global commercial finance company, today announced the expansion of its global vendor financing relationship with Microsoft Corp. (NASDAQ:MSFT) into the United States and Canada. CIT currently provides vendor financing solutions for Microsoft's products and services in France, Germany,...
In an expansion move, leading commercial and consumer finance company CIT Group Inc., will open its first Fairfield County office in MerrittView, W&M Properties' Norwalk building, according to Jeffrey H. Newman, executive vice president of W&M, the marketing and managing agent for the building.
October 31, 2005 CIT places $400 million order for Iae's v2500 CIT Group Inc, a leading provider of commercial and consumer finance solutions, has today (October...
San Francisco-- Wells Fargo & Company (NYSE: WFC) said it has completed the acquisition of CIT Construction, the U.S. construction lending business unit of CIT Group Inc. (NYSE: CIT). Terms of the agreement were not disclosed. San Francisco-- Wells Fargo & Company (NYSE: WFC) said...
The parent company of plastic film and sheet major Tyco Plastics and Adhesives Group is buying finance company CIT Group Inc. to help fund growth and provide customer credit. Tyco International Ltd. has agreed to swap stock to buy CIT, the largest The...
NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced that it has agreed to a $3 billion long-term committed financing facility provided by Goldman Sachs (NYSE: GS).
NEW YORK -- CIT Group Inc (NYSE: CIT), a leading global commercial finance company, announced today that Jeffrey M. Peek, Chairman and Chief Executive Officer, will participate in the Lehman Brothers 11th Annual Financial Services Conference on Tuesday, May 20, 2008, in London. The presentation is scheduled for 5:50 AM...
NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global provider of financial products and services, today announced that it has agreed to sell to Freddie Mac between $3.5 and $4.2 billion of "AAA-rated" securities backed by approximately $6 billion of residential mortgages. The ultimate amount of the "AAA-rated"...
NEW YORK--BUSINESS WIRE--Oct. 14, 1997--The CIT Group Inc., one of the nation's largest commercial and consumer lending organizations, today reported net income of $75.3 million for the third quarter of 1997, a 15.7 percent increase from the $65.1 million reported for 1996.
CHICAGO -- Zacks.com releases the latest list of Zacks Rank Buy Stocks. Everyday on Zacks.com, four stocks are selected based on how well they match the criteria for the four main schools of investing: Aggressive Growth, Growth & Income, Momentum and Value. The four Zacks Rank Buy stocks highlighted today...
CIT Group Inc., a leading global provider of commercial and consumer finance solutions, and BRT Realty Trust, a mortgage-oriented real estate investment trust, today announced that they have entered into a strategic relationship.
Byline: Aaron Elstein Last week was one that Jeffrey Peek, chief executive of CIT Group Inc., would love to forget. His firm, which lends money to companies and consumers alike, saw its stock plunge 11% in a single day after the company...
A new survey conducted by face=+Bold; CFO Research Servicesface=-Bold; , in collaboration with commercial finance company face=+Bold; CIT Group Inc.face=-Bold; , New York, (NYSE: CIT) reveals 48% of senior-level finance executives from both U.S. and CanA new survey conducted by face=+Bold; CFO Research Servicesface=-Bold; , in collaboration...
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