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	<title>Breaking News &#187; Cit</title>
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	<link>http://blog.taragana.com/n</link>
	<description>News and incisive Views 24/7/365</description>
	<pubDate>Sat, 10 Oct 2009 01:47:32 +0000</pubDate>
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		<title>Stocks bounce back after early selling on disappointing Midwestern manufacturing report</title>
		<link>http://blog.taragana.com/n/stocks-bounce-back-after-early-selling-on-disappointing-midwestern-manufacturing-report-182855/</link>
		<comments>http://blog.taragana.com/n/stocks-bounce-back-after-early-selling-on-disappointing-midwestern-manufacturing-report-182855/#comments</comments>
		<pubDate>Wed, 30 Sep 2009 17:25:54 +0000</pubDate>
		<dc:creator>Tim Paradis</dc:creator>
		
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		<guid isPermaLink="false">http://blog.taragana.com/n/stocks-bounce-back-after-early-selling-on-disappointing-midwestern-manufacturing-report-182855/</guid>
		<description><![CDATA[NEW YORK — Investors shook off their disappointment with a weak regional economic report Wednesday and resumed buying stocks on the final day of a stellar quarter.

The Dow Jones industrials initially fell more than 100 points after the Chicago Purchasing Managers Index came in weaker than expected. But by early afternoon, buyers emerged and lifted [...]]]></description>
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		<title>Stocks slide on last day of quarter after disappointing Midwestern manufacturing report</title>
		<link>http://blog.taragana.com/n/stocks-slide-on-last-day-of-quarter-after-disappointing-midwestern-manufacturing-report-182690/</link>
		<comments>http://blog.taragana.com/n/stocks-slide-on-last-day-of-quarter-after-disappointing-midwestern-manufacturing-report-182690/#comments</comments>
		<pubDate>Wed, 30 Sep 2009 14:52:22 +0000</pubDate>
		<dc:creator>Tim Paradis</dc:creator>
		
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		<guid isPermaLink="false">http://blog.taragana.com/n/stocks-slide-on-last-day-of-quarter-after-disappointing-midwestern-manufacturing-report-182690/</guid>
		<description><![CDATA[NEW YORK — A surprise drop in a key regional economic indicator sent stocks reeling Wednesday, with the Dow Jones industrials sliding more than 80 points.

The Chicago Purchasing Managers Index fell to 46.1 in September rather than rising to the 52 that economists expected. The index, considered a precursor to the national Institute for Supply [...]]]></description>
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		<title>CIT Group shares plunge in premarket amid report lender is again on brink of bankruptcy</title>
		<link>http://blog.taragana.com/n/cit-group-shares-plunge-in-premarket-amid-report-lender-is-again-on-brink-of-bankruptcy-182538/</link>
		<comments>http://blog.taragana.com/n/cit-group-shares-plunge-in-premarket-amid-report-lender-is-again-on-brink-of-bankruptcy-182538/#comments</comments>
		<pubDate>Wed, 30 Sep 2009 13:37:54 +0000</pubDate>
		<dc:creator>Bureau News</dc:creator>
		
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		<category><![CDATA[Restructuring And Recapitalization]]></category>

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		<guid isPermaLink="false">http://blog.taragana.com/n/cit-group-shares-plunge-in-premarket-amid-report-lender-is-again-on-brink-of-bankruptcy-182538/</guid>
		<description><![CDATA[NEW YORK — CIT Group Inc. shares plunged Wednesday as the commercial lender is reportedly trying to craft an exchange that would cut its debt and offer bondholders an equity stake in the company in a bid to avoid bankruptcy.

Shares of the New York-based financial firm, one of the nation&#8217;s largest lenders to small and [...]]]></description>
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		<title>Investors appear unfazed by government&#8217;s refusal to bail out CIT despite likely bankruptcy</title>
		<link>http://blog.taragana.com/n/investors-appear-unfazed-by-governments-refusal-to-bail-out-cit-despite-likely-bankruptcy-110905/</link>
		<comments>http://blog.taragana.com/n/investors-appear-unfazed-by-governments-refusal-to-bail-out-cit-despite-likely-bankruptcy-110905/#comments</comments>
		<pubDate>Thu, 16 Jul 2009 12:07:54 +0000</pubDate>
		<dc:creator>Stevenson Jacobs</dc:creator>
		
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		<guid isPermaLink="false">http://blog.taragana.com/n/investors-appear-unfazed-by-governments-refusal-to-bail-out-cit-despite-likely-bankruptcy-110905/</guid>
		<description><![CDATA[WASHINGTON — CIT Group Inc.&#8217;s inability to get emergency government funding drew a muted reaction from investors, suggesting the commercial lender&#8217;s possible failure won&#8217;t have widespread economic consequences.

CIT said late Wednesday that negotiations with regulators about a possible rescue had broken off after days of round-the-clock talks, raising expectations that the New York-based company will [...]]]></description>
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		<title>Government draws line in sand on bailouts, refuses to rescue troubled lender CIT Group</title>
		<link>http://blog.taragana.com/n/government-draws-line-in-sand-on-bailouts-refuses-to-rescue-troubled-lender-cit-group-110810/</link>
		<comments>http://blog.taragana.com/n/government-draws-line-in-sand-on-bailouts-refuses-to-rescue-troubled-lender-cit-group-110810/#comments</comments>
		<pubDate>Thu, 16 Jul 2009 08:42:23 +0000</pubDate>
		<dc:creator>Stevenson Jacobs</dc:creator>
		
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		<guid isPermaLink="false">http://blog.taragana.com/n/government-draws-line-in-sand-on-bailouts-refuses-to-rescue-troubled-lender-cit-group-110810/</guid>
		<description><![CDATA[WASHINGTON — The Obama administration drew a line in the sand on financial bailouts Wednesday by denying emergency aid to CIT Group Inc., a struggling commercial lender on the brink of bankruptcy.

After days of round-the-clock talks with regulators about a possible government bailout, CIT said those negotiations had ceased. The company said its management and [...]]]></description>
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		<title>Crisis Redux: Lender CIT Group in advanced talks on federal aid amid bankruptcy fears</title>
		<link>http://blog.taragana.com/n/crisis-redux-lender-cit-group-in-advanced-talks-on-federal-aid-amid-bankruptcy-fears-108502/</link>
		<comments>http://blog.taragana.com/n/crisis-redux-lender-cit-group-in-advanced-talks-on-federal-aid-amid-bankruptcy-fears-108502/#comments</comments>
		<pubDate>Tue, 14 Jul 2009 07:34:43 +0000</pubDate>
		<dc:creator>Stevenson Jacobs</dc:creator>
		
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		<guid isPermaLink="false">http://blog.taragana.com/n/crisis-redux-lender-cit-group-in-advanced-talks-on-federal-aid-amid-bankruptcy-fears-108502/</guid>
		<description><![CDATA[NEW YORK — In a sign the financial crisis is not yet over, CIT Group Inc., the No. 1 lender to small and mid-sized U.S. businesses, is holding advanced talks with the government about receiving emergency federal assistance, officials said Monday.

A main focus of the negotiations, which involve the Treasury Department and other agencies, is [...]]]></description>
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		<title>US stocks surge before wave of company earnings</title>
		<link>http://blog.taragana.com/n/us-stocks-surge-before-wave-of-company-earnings-108459/</link>
		<comments>http://blog.taragana.com/n/us-stocks-surge-before-wave-of-company-earnings-108459/#comments</comments>
		<pubDate>Tue, 14 Jul 2009 06:17:58 +0000</pubDate>
		<dc:creator>DPA</dc:creator>
		
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		<category><![CDATA[Chase]]></category>

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		<guid isPermaLink="false">http://blog.taragana.com/n/us-stocks-surge-before-wave-of-company-earnings-108459/</guid>
		<description><![CDATA[NEW YORK - US stocks rose sharply Monday ahead of a series of quarterly earnings reports from major financial and company earnings.

Financial shares drove the rally, led by Goldman Sachs after a prominent Wall Street analyst gave the bank&#8217;s stock a &#8220;buy&#8221; rating.	 	
Goldman Sachs, JPMorgan Chase, Citigroup, International Business Machines (IBM), Intel and Google [...]]]></description>
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		<title>A brief look at CIT Group Inc.</title>
		<link>http://blog.taragana.com/n/a-brief-look-at-cit-group-inc-108432/</link>
		<comments>http://blog.taragana.com/n/a-brief-look-at-cit-group-inc-108432/#comments</comments>
		<pubDate>Tue, 14 Jul 2009 05:45:36 +0000</pubDate>
		<dc:creator>Bureau News</dc:creator>
		
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		<guid isPermaLink="false">http://blog.taragana.com/n/a-brief-look-at-cit-group-inc-108432/</guid>
		<description><![CDATA[On Monday, CIT Group Inc. said it is still in talks with regulators on ways to improve its near-term liquidity as recent losses may jeopardize its compliance with capital requirements. The company&#8217;s stock plunged almost 12 percent on the news. The following are some details on the company.

What is it?: CIT Group is a commercial [...]]]></description>
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		<title>Crisis Redux: Shares of lender CIT Group plunge on bankruptcy fears</title>
		<link>http://blog.taragana.com/n/crisis-redux-shares-of-lender-cit-group-plunge-on-bankruptcy-fears-108428/</link>
		<comments>http://blog.taragana.com/n/crisis-redux-shares-of-lender-cit-group-plunge-on-bankruptcy-fears-108428/#comments</comments>
		<pubDate>Tue, 14 Jul 2009 05:39:52 +0000</pubDate>
		<dc:creator>Stevenson Jacobs</dc:creator>
		
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		<guid isPermaLink="false">http://blog.taragana.com/n/crisis-redux-shares-of-lender-cit-group-plunge-on-bankruptcy-fears-108428/</guid>
		<description><![CDATA[NEW YORK — In a sign the financial crisis isn&#8217;t over, CIT Group Inc., the No. 1 lender to small and mid-sized U.S. businesses, is scrambling to get help from the federal government.

The ailing company&#8217;s stock fell toward $1 Monday as investors fearing a bankruptcy court filing unloaded the shares. A collapse of CIT, whose [...]]]></description>
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		<title>Treasurys slip, driving yields slightly higher, as investors flood stocks ahead of earnings</title>
		<link>http://blog.taragana.com/n/treasurys-slip-driving-yields-slightly-higher-as-investors-flood-stocks-ahead-of-earnings-108423/</link>
		<comments>http://blog.taragana.com/n/treasurys-slip-driving-yields-slightly-higher-as-investors-flood-stocks-ahead-of-earnings-108423/#comments</comments>
		<pubDate>Tue, 14 Jul 2009 05:35:23 +0000</pubDate>
		<dc:creator>Sara Lepro</dc:creator>
		
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		<guid isPermaLink="false">http://blog.taragana.com/n/treasurys-slip-driving-yields-slightly-higher-as-investors-flood-stocks-ahead-of-earnings-108423/</guid>
		<description><![CDATA[NEW YORK — Treasurys retreated Monday, driving yields slightly higher, as investors abandoned the safety of government debt and flooded into stocks.

Investors had a bigger appetite for risk ahead of key earnings reports this week from big name companies including Goldman Sachs Group Inc., Johnson &#038; Johnson and General Electric Co. The market is hoping [...]]]></description>
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		<title>Stocks mostly rise ahead flood of earnings reports; Banks get a boost from analyst upgrade</title>
		<link>http://blog.taragana.com/n/stocks-mostly-rise-ahead-flood-of-earnings-reports-banks-get-a-boost-from-analyst-upgrade-108140/</link>
		<comments>http://blog.taragana.com/n/stocks-mostly-rise-ahead-flood-of-earnings-reports-banks-get-a-boost-from-analyst-upgrade-108140/#comments</comments>
		<pubDate>Mon, 13 Jul 2009 23:03:31 +0000</pubDate>
		<dc:creator>Stephen Bernard</dc:creator>
		
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		<guid isPermaLink="false">http://blog.taragana.com/n/stocks-mostly-rise-ahead-flood-of-earnings-reports-banks-get-a-boost-from-analyst-upgrade-108140/</guid>
		<description><![CDATA[NEW YORK — A change of heart by a usually downbeat analyst yanked the stock market from its slumber.

Soaring financial shares propelled indexes to their biggest one-day gain in six weeks Monday after influential banking analyst Meredith Whitney raised her rating on Goldman Sachs Group Inc., which reports earnings on Tuesday. Whitney also said on [...]]]></description>
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		<title>Stocks modestly higher ahead of earnings rush; financials get lift from analyst upgrade</title>
		<link>http://blog.taragana.com/n/stocks-modestly-higher-ahead-of-earnings-rush-financials-get-lift-from-analyst-upgrade-108055/</link>
		<comments>http://blog.taragana.com/n/stocks-modestly-higher-ahead-of-earnings-rush-financials-get-lift-from-analyst-upgrade-108055/#comments</comments>
		<pubDate>Mon, 13 Jul 2009 21:53:30 +0000</pubDate>
		<dc:creator>Stephen Bernard</dc:creator>
		
		<category><![CDATA[Business]]></category>

		<category><![CDATA[Corporate]]></category>

		<category><![CDATA[Corporate News]]></category>

		<category><![CDATA[Economy]]></category>

		<category><![CDATA[Finance]]></category>

		<category><![CDATA[Financial Markets]]></category>

		<category><![CDATA[Financial Performance]]></category>

		<category><![CDATA[Industrial Products and Services]]></category>

		<category><![CDATA[Industries]]></category>

		<category><![CDATA[Stock Markets]]></category>

		<category><![CDATA[Chase]]></category>

		<category><![CDATA[Cit]]></category>

		<category><![CDATA[Cit group]]></category>

		<category><![CDATA[New York]]></category>

		<category><![CDATA[North America]]></category>

		<category><![CDATA[United States]]></category>

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		<description><![CDATA[NEW YORK — Stocks traded modestly higher Monday morning as investors were cautiously optimistic ahead of earnings reports this week, including key readings from the banking sector.

Investors had been cautious as they prepare for earnings reports this week, including from some of the nation&#8217;s largest financial firms. Banks have been among the hardest hit companies [...]]]></description>
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		</item>
		<item>
		<title>CIT Group shares plunge on liquidity concerns as uncertainty mounts over federal regulator aid</title>
		<link>http://blog.taragana.com/n/cit-group-shares-plunge-on-liquidity-concerns-as-uncertainty-mounts-over-federal-regulator-aid-105852/</link>
		<comments>http://blog.taragana.com/n/cit-group-shares-plunge-on-liquidity-concerns-as-uncertainty-mounts-over-federal-regulator-aid-105852/#comments</comments>
		<pubDate>Fri, 10 Jul 2009 22:11:26 +0000</pubDate>
		<dc:creator>Deborah Yao</dc:creator>
		
		<category><![CDATA[News]]></category>

		<category><![CDATA[Cit]]></category>

		<category><![CDATA[Cit group]]></category>

		<guid isPermaLink="false">http://blog.taragana.com/n/cit-group-shares-plunge-on-liquidity-concerns-as-uncertainty-mounts-over-federal-regulator-aid-105852/</guid>
		<description><![CDATA[PHILADELPHIA — Shares of commercial lender CIT Group Inc. plunged Friday as uncertainty mounts over whether it can get federal backing for its bonds.

The New York-based financier to small and mid-sized businesses faces a liquidity crisis absent help from the government, according to analysts.
CIT is still awaiting word on whether it will receive funds from [...]]]></description>
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