• Most Popular
  • Most Shared

CIT shares drop after bankruptcy warning

NEW YORK
Tue Aug 11, 2009 7:51am EDT

Stocks

   

NEW YORK (Reuters) - Shares of CIT Group Inc (CIT.N) fell 4.7 percent to $1.41 in premarket trading on Tuesday, after the company said it delayed filing its second-quarter report with regulators and said if it could not complete its debt tender or arrange other financing, it would file for bankruptcy.

Asian Markets

(Reporting by Ryan Vlastelica; editing by Jeffrey Benkoe)



More from Reuters

Photo

Tech solutions to climate change

Experts say there is no single answer to solving global warming, but a handful of technologies could be promising. Check out some of the candidates and join the debate.  Full Article 

    Onlookers gather outside the historic Federal Hall where U.S. President Barack Obama is speaking in the heart of Wall Street in New York September 14, 2009. REUTERS/Larry Downing

    One step closer to reform

    The House of Representatives approved the biggest changes in financial regulation since the Great Depression, marking a win for the Obama administration and congressional Democrats.  Full Article 

     The share price index DAX board is seen in front of an emergency exit sign at Frankfurt's stock exchange, October 8, 2008. REUTERS/Kai Pfaffenbach

    "Deflation is with us"

    Fear of the market abyss has faded for investors, but another fear is lurking on the horizon, if not already here.  Full Article