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CIT Group Bankruptcy

The CIT Group filed for chapter 11, Sunday November 1st, 2009. The CIT Group is one of or possibly the largest finance company providing lending services to the fashion industry. CIT (NYSE: CIT) is a bank holding company with more than $60 billion

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Billabong - will they be sold

I read today, "The company said Friday it received a takeover offer from buyout company TPG Capital earlier this week, but is uncertain the deal will go ahead. The AU$3 a share offer values Billabong at AU$765 million." Do you think the sale of the

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Financial Status of Sears Holdings

This is last weeks news, but better late then never.  Just wanted to point out to those of you with open projects for Sears / Kmart, be careful.  As recently reported in Reuters CIT Group will no longer provide loans to Sears' suppliers to finance th

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