CIT Group board approves private rescue loan to avert bankruptcy
CIT Group Inc. wins a private sector rescue after bondholders agree to a $3 billion loan to buy time for debt refinancing. The emergency funding could delay a bankruptcy filing and supports a planned debt exchange. a July maturity looms amid liquidity strain.
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CIT Group
Board
Oks Rescue Loan
Washington, D.C
CIT Group Inc
CIT
Associated
Obama
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New York Times
Market In Review Monday Stola Discussion
Market in review notes WS OAD Stola is in her. The column hints at ongoing market analysis and commentary with named figure Stola referenced in brief.
MENTIONED IN THIS ARTICLE
Monday's Market IN Review
Indicators rise on June data signaling easing recession threat
The Conference Board leading indicators index climbed 0.7 percent in June, with May revised up to 1.3 percent and April to 1.0. Six month activity rose 2 percent, the strongest pace since early 2006, suggesting a slow recovery may begin this autumn if trends continue.
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New York
U.S
Conference Board
Wall Street
Thomson Reuters
May
Ken Goldstein
Free clinics see patient surge as funding drops nationwide
In Danbury and across the U S, about four million Americans may visit 1200 free health clinics this year as unemployment erodes coverage. Agencies report 40 to 50 percent more patients while funding drops 15 to 20 percent, prompting tighter budgets and halted new groups.
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National Association of Free Clinics
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Gloria Verrone
Stamford
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Karen Gottlieb
AmeriCares Free Clinics
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