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CIT Reports Third Quarter Results; Continued Progress on Liquidity Initiatives: * Loss from continuing operations of $1.13 per share driven by goodwill and intangible impairment charges * Operating expenses reduced * Tangible capital ratio improved * Credit reserves increased NEW YORK -- CIT Group Inc. (NYSE: CIT) today reported a loss from continuing operations of $301.6...; Tags: asset, CIT Group, Company, liquidity; Research articles 2008-10-16
CIT to Announce Third Quarter 2008 Results on Thursday, October 16, 2008: Conference Call and Audio Webcast Scheduled for 9:00 AM EDT NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced it will issue its financial results for the quarter ending September 30, 2008, before the market opens on Thursday, October 16, 2008. CIT...; Tags: CIT Group, Editor, FINANCE; Research articles 2008-10-01
Company Watch - Airbus: Sep 7, 2008 Airbus and Syrian Arab Airlines have had "exploratory discussions" about a potential order for more than 50 aircraft valued at as much as $35 billion, a French official told the Financial Times. There had been recent speculation that French President Nicolas Sarkozy's visit this week to...; Tags: Airbus S.A.S., aircraft, CIT Group, Manufacturing; Research articles 2008-09-08
Aircraft Finance & Leasing News - Europe: Sep 8, 2008 Air France, Regional, Embraer Air France subsidiary Regional took delivery of the first of nine 76-seat Embraer E-170s. Sep 8, 2008 Austrian Airlines, Bombardier Austrian Airlines Group ordered four bombardier DHC-8-Q400 NextGens plus two options, Bombardier announced. Firm orders are worth $118 million...; Tags: aircraft, Boeing Co., CIT Group, Manufacturing; Research articles 2008-09-08
CIT Group guides re-structuring of Victory Memorial Hospital: CIT Group served as the exclusive real estate avisor to both Victory Memorial Hospital and its Official Committee of Unsecured Creditors in the sale of the hospital's main campus in Brooklyn, NY to Sunset LG Realty LLC for $44.9 million. The sale, approved last week by the United States...; Tags: CIT Group, HEALTHCARE, hospital; Research articles 2008-07-16

CIT Agrees to Sell Home Lending Business: Completes Exit of Business Including Entire Loan Book and Servicing Operations NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, announced today that it has agreed to sell its Home Lending business, consisting of $9.3 billion in assets and related servicing operations, to Lone...; Tags: asset, CIT Group, FINANCE, financing, Investment; Research articles 2008-07-01
Fitch Comments on CIT's $1.8B Home Lending Sale: NEW YORK & CHICAGO -- CIT Group (CIT rated 'A-'/'F2', Negative Outlook by Fitch) announced today that it has agreed to sell its home lending business to Lone Star Funds for $1.5 billion cash and the assumption of $4.4 billion of debt. Separately, CIT also agreed to sell its manufactured...; Tags: CIT Group, Fitch; Research articles 2008-07-01
CIT to Announce Second Quarter 2008 Results on Thursday, July 17th: Conference Call and Audio Webcast Scheduled for 9:00 AM EDT NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced it will issue its financial results for the quarter ending June 30, 2008, before the market opens on Thursday, July 17, 2008. CIT...; Tags: CIT Group, FINANCE; Research articles 2008-07-01
Fitch Comments On CIT's $3 Billion Financing Deal: NEW YORK -- CIT Group (CIT rated 'A-'/'F2' by Fitch) announced today that is has agreed to long term, committed financing provide by Goldman Sachs. The facility provides CIT with $3 billion of financing secured by existing assets and new originations. While the deal does not warrant a rating...; Tags: CIT Group, FINANCE, financing, Fitch, Investment; Research articles 2008-06-09
CIT Group, a global commercial finance company, has provided a $39 million senior secured credit facility to Baird Capital Partners to facilitate its acquisition of ATP Engineered Rubber and Plastics Group and KW Medical Specialties Group to form MedPlast: CIT Group, a global commercial finance company, has provided a $39 million senior secured credit facility to Baird Capital Partners to facilitate its acquisition of ATP Engineered Rubber and Plastics Group and KW Medical Specialties Group to form MedPlast (www.medplastgroup. com). MedPlast is a manufacturer of precision molded plastic and...; Tags: acquisition, CIT Group, FINANCE, Investment, plastics; Research articles 2008-06-01
CIT Group shutters Student Loan Xpress, lays off 124 staff: lending unit victim of national credit crisis: Student Loan Xpress, a college student lender in Carmel Valley, said it is shutting down operations and laying off 124 employees. SLX, which got its start in the early 1990s, has been hurt by tightened credit markets and a change in the regulations covering the student loan business. ...; Tags: CIT Group, Government; Research articles 2008-05-19
CIT Reports First Quarter Results; Significant Progress on Liquidity Plan: First Quarter Net Loss of $257 Million, $1.35 per share Commercial Businesses earn $0.82 per share excluding Noteworthy Items Credit Loss Reserves Strengthened Quarterly Dividend Reduced to $0.10 per share NEW YORK -- CIT Group Inc. (NYSE: CIT) today announced a series of actions that demonstrate...; Tags: asset, CIT Group, Company, finance, income, liquidity; Research articles 2008-04-17
CIT Takes Liquidity Action: NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced that it is drawing upon its $7.3 billion in unsecured U.S. bank credit facilities. The Company will use the proceeds to repay debt maturing in 2008, including commercial paper, and provide financing to its...; Tags: CIT Group, FINANCE, financial, financing, Investment, liquidity; Research articles 2008-03-20
CIT Reports Fourth Quarter Results: Quarterly Financial Highlights * Net loss for the quarter of $131 million, $0.69 per share * Commercial businesses post solid new business volume and double digit returns * Bolstered credit loss reserves - mortgage and other portfolios * Wrote off goodwill in student lending business ...; Tags: aerospace, asset, CIT Group, FINANCE, income; Research articles 2008-01-17
CIT to Announce Fourth Quarter and Full Year 2007 Results on Thursday, January 17th: Tentative Earnings Release Dates and Call Times Set for 2008 NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced that it will issue its earnings results for the quarter and year ended December 31, 2007, at approximately 7:00 AM EST on Thursday,...; Tags: CIT Group, FINANCE; Research articles 2008-01-07
CIT Reports Third Quarter Results: Quarterly Financial Highlights * Net loss per share of $0.24 * Home lending pre-tax charge of $465 million * Commercial businesses performed well * Strong asset growth * Solid commercial credit quality * Moderating expenses NEW YORK -- CIT Group Inc. (NYSE: CIT),...; Tags: asset, CIT Group, Company, FINANCE, income, receivables, revenue; Research articles 2007-10-17
CIT to Announce Third Quarter 2007 Results on Wednesday, October 17th: Conference Call and Audio Webcast Scheduled for 11:00 AM EDT NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced that it will issue its earnings results for the quarter ending September 30, 2007, before the market opens on Wednesday, October 17, 2007....; Tags: CIT Group, FINANCE, Webcast; Research articles 2007-10-01
Marketers prepare for 'blended search'; Strategies shift as search result pages begin displaying more than text links.: Byline: CAROL KROL Two major search engines have introduced so-called "blended search'' interfaces that expand the content of a search results page beyond text links to many kinds of content, such as maps, video, images, audio, news and blogs. This one...; Tags: CIT Group, MARKETING, SEARCH, strategy, video, Web; Research articles 2007-09-10
CIT Reports Second Quarter Results: Exiting Home Lending Business Asset Manager and Portfolio Management Strategies Progress Quarterly Financial Highlights * Loss of $0.70 per share, with $2.58 per share loss on home lending business exit * $0.71 per share gain on sale of U.S. construction portfolio * Completed Healthcare REIT...; Tags: asset, CIT Group, finance, revenue; Research articles 2007-07-18
Loan inquiry sidelines three: Loan Inquiry Sidelines Three: Three top executives of Student Loan Xpress, a San Diego-based student loan firm, were put on a leave of absence in response to a recent investigation into alleged misdeeds involving the sale of stock and the provision of gifts to college financial aid officers. Student...; Tags: CIT Group, FINANCE, Investment, officer, stock; Research articles 2007-04-16