CIT Group shares have followed the economy's downward spiral. The stock plunged during 2008 from $24 to about $4, and bottomed at 31 cents in July when it appeared CIT's collapse was imminent.

NEW YORK (MarketWatch) -- CIT Group Inc. said Tuesday that it has received preliminary approval for an investment of about $2.33 billion as part of the Treasury Department's Troubled Assets Relief ...

CIT Group Inc wrapped up its swift bankruptcy case Tuesday after a judge approved a restructuring plan that slashes about $11 billion in debt from its books. The ruling comes a little more than a ...

NEW YORK, Dec 23 (Reuters) - CIT Group , a commercial finance firm, won preliminary approval to receive $2.33 billion under the government's $700 billion financial bailout program, sending its ...

NEW YORK — CIT Group, the bankrupt 101-year-old commercial lender, won court approval Monday to borrow as much as $500 million to issue letters of credit that guarantee its debts. U.S ...

NEW YORK (Reuters) - CIT Group , a commercial finance firm, won preliminary approval to receive $2.33 billion under the government's $700 billion financial bailout program, sending its shares up ...