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- American Healthways, Center for Information Therapy to Jointly Develop Ix Best Practices
- NASHVILLE, Tenn. -- Research Agenda to Advance the Practice and Science of Information Therapy to Improve and Support Patient Health-Care Decisions As part of its quest to incorporate innovative health and behavior change approaches into the health-care system, American Healthways, Inc., today announced a three-year agreement with Washington, D.C.-based...
- Research articles 2005-11-01
- CIT Sweetens, Extends Debt Exchange Offer
- NEW YORK (Reuters) - CIT Group Inc CIT has extended and sweetened its debt exchange offer for some of its bondholders, the lender said in a regulatory filing on Monday.The extension applies to investors holding debt that funded CIT business in Canada, who are entitled to recover money from both...
- News items 2009-10-26
- CIT Secures $4.5 Billion Credit Facility
- By Elinor Comlay and Dan WilchinsNEW YORK (Reuters) - Commercial lender CIT Group Inc CIT, teetering on the brink of bankruptcy, said on Wednesday it has secured $4.5 billion of additional financing.Lenders in the new facility will be among the first in line to collect money from CIT if it...
- News items 2009-10-29
- CIT Bankruptcy Assigned to Judge Who Had GM Case
- NEW YORK (Reuters) - CIT Group Inc's bankruptcy case was assigned on Monday to U.S. Bankruptcy Judge Robert Gerber, the same judge who oversaw the recent reorganization of the automaker General Motors Co.Gerber, a bankruptcy judge since 2000, is no stranger to large complex cases, having also handled the bankruptcies...
- News items 2009-11-02
- CIT Has $1.07 Billion Loss Before Bankruptcy
- NEW YORK (Reuters) - CIT Group Inc CITGQ, the large U.S. consumer finance company, on Monday posted a $1.07 billion loss for the third quarter, the last full three-month period prior to its Chapter 11 bankruptcy filing.The net loss attributable to shareholders equaled $2.74 per share, and compared with a...
- News items 2009-11-16
- Developers Diversified Realty Corp. Q2 2009 Earnings Call Transcript
- Question-and-Answer SessionOperator Operator Instructions Your first question comes from Jay Haberman – Goldman Sachs. Jay Haberman – Goldman Sachs I'm here with [Johan] as well. I guess, Scott, just to start, could you comment a bit just broadly on what you think implications of CIT...
- Earnings calls 2009-07-24
- Developments Don't Suggest Holiday Gains for Retail
- The news that CIT received some additional financing may be something of a relief, even if that relief may be temporary, but all in all, things aren't shaping up well for retail as the year’s second half begins. Any hope that retail might gain significant strength going...
- Blog posts 2009-07-21
- CIT's $25, No-Bankruptcy Solution, And Why It Matters
- What do you do when you're faced with the prospect of having to file for bankruptcy by next month? CIT Group has a novel solution: hold your financiers to ransom. The troubled small-business lender, you may remember, struck a deal at the beginning of...
- Blog posts 2009-07-24
- US-based SME lender CIT files for bankruptcy, Australian division not affected
- However, CIT's Australian management have moved to assure customers that operations will continue as normal. CIT's bankruptcy filings show the company has $US71 billion out on loan to its customers, which include hundreds of thousands of SMEs. But the company is struggling under a debt load of almost $US65 billon....
- News items 2009-11-02
Additional Resources
- CIT Group Files For Bankruptcy
- By Dan Wilchins and Elinor ComlayNEW YORK (Reuters UK) - CIT Group CIT, a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself and the recession clobbered its loans.The bankruptcy, one of the...
- News items 2009-11-01
- CIT to Qualify for $2.33B in TARP Funds
- Commercial finance company CIT Group Inc. expects to receive $2.33 billion from the Treasury Department under the Troubled Assets Relief Program TARP — a result of the Federal Reserve preliminarily approving its application to convert to a bank holding company. Specifically, CIT has converted CIT Bank of Salt Lake City...
- News items 2009-08-07
- CIT Group: 300,000 Mom and Pop Businesses Are Too Big To Fail
- One of the non-banks to partake in the Treasury's TARP funds last year is CIT Group, which provides lifeblood financing to small and mid-sized manufacturers and retailers. But in spite of that $2.3 billion infusion, CIT is still short on funds, and rating agencies have reduced CIT to junk bond...
- Blog posts 2009-07-15
- Carl Icahn offers to underwrite $US6 bln loan to CIT
- By Joseph A. Giannone and Jessica Hall of Reuters NEW YORK/PHILADELPHIA - Carl Icahn, the famed corporate raider who says he is the largest holder of CIT Group Inc bonds, said the troubled lender is paying too much for an ill-conceived plan to win over a select few creditors. Icahn...
- News items 2009-10-19
- Carl Icahn Entices Small Bondholders to Reject CIT Plan
- NEW YORK (Reuters) - Billionaire investor Carl Icahn said on Tuesday he will offer to smaller holders of CIT Group's CIT debt short-term protection against the value of the debt declining, if investors back his alternative restructuring of the beleaguered lender.New York-based CIT is trying to restructure its debt by...
- News items 2009-10-27
- Icahn in fresh attempt to block CIT plan
- Carl Icahn, the activist investor, on Tuesday offered to limit losses for bondholders that join him in an 11-hour attempt to block a restructuring plan for CIT, the US commercial lender. The offer from Mr Icahn, who claims to be the largest holder of debt issued by CIT, is the...
- News items 2009-10-27
- CIT Group Files For Prepackaged Bankruptcy
- By Dan Wilchins and Elinor ComlayNEW YORK (Reuters) - CIT Group Inc, a century old lender to hundreds of thousands and small and medium-sized businesses, filed for bankruptcy on Sunday, as the global credit crisis left it unable to fund itself and the recession clobbered its loans.The bankruptcy, one of...
- News items 2009-11-01
- CIT Moves Closer to Pre-packaged Bankruptcy Approval
- By Elinor Comlay and Walden SiewNEW YORK (Reuters) - CIT Group CIT has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast bankruptcy process it is seeking to lower its liabilities and get...
- News items 2009-10-30
- CIT Moves Closer to Pre-packaged Bankruptcy Approval
- By Elinor Comlay and Walden Siew NEW YORK (Reuters) - CIT Group CIT has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast bankruptcy process it is seeking to lower its liabilities and...
- News items 2009-10-31
- CIT Bankruptcy Plan May Win OK at December 8 Hearing
- By Jonathan StempelNEW YORK (Reuters) - A U.S. bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's CITGQ reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end."We are on a very fast track," Judge Allan Gropper said at a...
- News items 2009-11-03
- CIT bankruptcy plan may win OK at Dec. 8 hearing
- By Jonathan Stempel of Reuters NEW YORK - A US bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end. "We are on a very fast track," Judge Allan Gropper said...
- News items 2009-11-03
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