• Most Popular
  • Most Shared

Costs fall to insure debt of U.S. lender CIT

Wed Jul 15, 2009 9:19am EDT

NEW YORK, July 15 (Reuters) - The cost to insure the debt of U.S. lender CIT Group Inc CIT.N fell early on Wednesday.

CIT's credit default swaps slipped to about 34 percent as an upfront cost, from 40 percent late on Tuesday, according to Phoenix Partners Group data. (Reporting by John Parry; Editing by Theodore d'Afflisio)



More from Reuters

Photo

Democrats reach deal on health bill

WASHINGTON (Reuters) - Senate Democratic healthcare negotiators said they agreed on Tuesday to replace a government-run insurance option with a scaled-back non-profit plan and would seek cost estimates on the deal.

» More Top News
File photo of snow covered Uhuru peak of the largest free-standing volcano in the world, Mount Kilimanjaro in Tanzania, taken on March 10, 2006. REUTERS/Neil Wallace
Postcards to Copenhagen:

Wish we weren't here

Mount Kilimanjaro's melting snow cap is one of many things forever altered by climate change. Here's a snapshot of a world dealing with environmental destruction.   Full Article 

Climate conference
People prepare to lower the body of one of the ministers killed in a blast from a suicide bomber last Thursday at Shamo Hotel in Somali's capital Mogadishu December 4, 2009. REUTERS/Feisal Omar
witness:

Scenes of a "slaughterhouse"

War is just about the only story to tell in Somalia. But when one reporter tried to cover an event reflecting positive change, violence reared its ugly head again.  Full Article 

World