NEW YORK (Reuters) - CIT Group Inc (CIT.N) shares surged 93 percent to $1.35 at the open on Monday after news the small-business lender may have reached an agreement for $3 billion in rescue financing from a group of bondholders in a plan to avoid bankruptcy.
(Reporting by Chuck Mikolajczak; Editing by James Dalgleish)
WASHINGTON (Reuters) - The economy grew at a much slower pace than previously thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, data showed on Tuesday.
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