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BOND REPORT: Treasurys Gain As Commodities Slide Further - CNNMoney.com


Continuing financial jitters also spurred demand for the safe-haven of government bonds. News that financial firm CIT Group CIT would need to tap its 7.3 ...
money.cnn.com


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CIT Taps 7.3 Billion of Bank Lines Amid `Disruption&39 Update1 - Bloomberg


Credit-default swaps tied to CIT&39s bonds traded at 27 percent upfront and 5 percent a year today, according to broker Phoenix Partners Group in New York, ...CIT May Tap 7.3 Billion in Bank Lines, Fitch Says Update2 Bloomberg
www.bloomberg.com

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CIT Borrows 7.3 Billion to Repay Debt - Forbes


AP 03.20.08, 1:10 PM ET Commercial and consumer lender CIT Group Inc. said Thursday it tapped its 7.3 billion credit lines to repay debt and finance its ...
www.forbes.com

US STOCKS-Wall St rises as inflation fears ease, banks jump - Guardian


An exception to the rally in financial shares was CIT Group Inc, which sank 37.6 percent to 7.27. Earlier, the stock was down 32 percent before a trading ...
www.guardian.co.uk

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Market Report -- In Play CIT - MSN Money


CIT Group takes liquidity action, announces it is drawing upon its 7.3 bln in unsecured US bank credit facilities Co announces that it is drawing upon its ...
news.moneycentral.msn.com

Subprime??s New Song: The Worst Is Yet To Come


Subprime??s New Song: The Worst Is Yet To Come posted by aviro25 in January 20th, 2008 in Elliot Wave Tags: Elliot Wave, forecast, Forex, investment, real estate, signal Remember that catchy love song that Frank Sinatra made popular in the 1960s, ?
blog.cybermoneyinfo.com

Data Feed


08:50 ECONX PPI and Housing Starts Follow Up February housing starts were stronger than expected, coming in at a 1.065 million annual rate. This was well above an expected 995,000 rate. It marked a decline because the January level was revised signifi
misstrade.wordpress.com

CIT Group Squashed


CIT Group shares have tumbled. Each day, another company is getting kicked around by investors. Today??s victim is CIT Group, where shares are down 24% in the wake of a pair of downgrades from the major credit rating agencies. It??s the same old s
blogs.wsj.com

USRant: Now That's Gotta Sting...


You bloody wouldn't credit it as Bryan Brown might be heard to say. I get all enthusiastic about gradually rebuilding the USRant in PHP, and the bloody webserver goes Phut as a result of DreamHost's billing system doing something really interesting. As
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Stocks Rebound After Wednesday&39s Drop - The Associated Press


CIT Group Inc. fell 4.44, or 38 percent, to 7.20 after the financial-services company said it is tapping into its 7.3 billion in credit lines to repay ...
ap.google.com

Major Indices Sink Lower on Fear


Daily Market Commentary for March 06, 2008 from Millennium-Traders.Com At the closing bell on the Stock Exchange, here is how the major indices ended the session on the U.S. Markets: DOW Dow Jones Industrial Average triple digit loss of 214.60 poi
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CIT Draws on Credit to Pay the Piper


CIT Group, whose shares were halted at 11:44 a.m. ET, just announced that it is tapping into a credit line from its bank lenders ?? to repay debt that??s about to come due. The commercial finance company will draw on its 7.3 billion in unsecured ban
blogs.wsj.com

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Moody&39s cuts CIT Group&39s issuer rating - Forbes


... and investors&39 appetite for only the safest securities and bonds in the credit markets. Moody&39s will continue to review CIT Group&39s growing reliance on ...
www.forbes.com

Too Many Bubbles Have Been Going On For Too Long


Some housing bubble news from Wall Street and Washington. CNN Money, ???Housing starts and building permits plunged in December much more than expected, resulting in a full-year decline in new home construction that was the sharpest drop in 27 years. And
thehousingbubbleblog.com

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8:53 FRE Freddie Mac CEO says worst US housing market in about 100 years - CNBC 08:52 MR Mindray Medical: Datascope acquisition a long-term strategic positive - Brean Murray 27.37 Brean Murray says they believe the acquisition of Datascope??s pat
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Treasuries Rise, Bill Rates Plunge on Credit Market Losses - Bloomberg


CIT Group Inc., the largest independent commercial finance company in the US, may need to tap 7.3 billion in unsecured bank lines because its access to ...
www.bloomberg.com

TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 GMT - Hemscott


... Fitch Ratings signalled it may downgrade CIT Group Inc, saying the credit market illiquidity has significantly impacted CIT&39s funding profile. ...
www.hemscott.com

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US Stock-Index Futures Gain Nike, General Electric Advance - Bloomberg


CIT Group Inc. lost 3.4 percent to 11.25 in extended trading yesterday. The largest independent commercial finance company in the US may need to tap 7.3 ...
www.bloomberg.com

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