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Dollar Trades Higher As Fed Rate Announcement Awaited

Wed, 04 Nov 2009 15:23:19 GMT

The Federal Reserve is expected to keep its benchmark Interest Rate unchanged near zero today, as traders get ready for a busy news cycle. Investors will focus on the interest rate outlook, but many analysts say the Fed is unlikely to change the wording of its pledge to keep rates low for an extended period. This may have the result of stabilizing USD trading, or potentially driving the world's primary currency to new extremes. Will the USD experience a reversal from yesterday's bullishness?[More...]

EU Morning Report – USD And JPY Fall On Increasing Risk Appetite

Tue, 03 Nov 2009 16:13:43 GMT

The greenback and yen fall on increasing risk appetite as a battery of US economic data beat expectations. The ISM Manufacturing index increased more than expected to 55.7 from 52.6 a month ago. The Institute of Supply Management said the data for the factory index for October rose at the fastest pace in more than three years, suggesting that the US economy is growing after months of contraction.[More...]

Financials Review - Nov 02,2009

Mon, 02 Nov 2009 21:16:29 GMT

How many times can CIT go to bankruptcy court without actually going bankrupt? I am tired of seeing them in the news; maybe another lender should come to the market. Oh, how about...[More...]

Closing: Late Charge Allows Stocks To End Volatile Trade On Upbeat Note

Mon, 02 Nov 2009 20:35:00 GMT

A late-day charge landed all major averages in positive territory. The DJIA advances 0.7%. The S&P 500 is up 0.6%. The Nasdaq Composite is up 0.2%.[More...]

CIT Files For Bankruptcy And The Aftershocks Begin

Mon, 02 Nov 2009 19:47:00 GMT

Icahn's attempt to throw out CIT's board in order to take control didn't work. Neither did CIT's effort to exchange debt for equity. The debt holders just didn't buy the story.[More...]

The Enterprising Investor’s Guide 11/2/2009

Mon, 02 Nov 2009 16:37:07 GMT

The price-to-peak earnings multiple for this week dropped considerably to 11.6x as of Friday’s close. Investors were taken on a roller coaster ride at the end of last week, as Thursday was the best day for U.S. equities in three months following a upside surprise to third quarter GDP results showing the first economic growth in the U.S. in the last year. This quarter benefited greatly from government stimulus like Cash for Clunkers. However, U.S. equities followed up on Friday with a massive sell-off that more than wiped away all of the previous day’s gains. The VIX volatility indicator, often referred to as a fear index, clearly spiked at the end of the week.[More...]

Stocks Firmer As Bulls Enticed By Last Week's Drubbing - Ford's Beat Helps Lift Mood

Mon, 02 Nov 2009 13:31:30 GMT

Stock futures continue to point to a higher start to a week loaded with earnings and economic data. There are no early economic reports, but ISM manufacturing data and construction spending are due for release at 10 a.m. ET.[More...]

Daily Forex Outlook - Dark Clouds Return, Dollar Gains

Mon, 02 Nov 2009 00:47:45 GMT

CURRENCY TRADING SUMMARY - 2nd November (00:30GMT) U.S. Dollar Trading (USD) was very strong as risk aversion came back into the market as concerns about CIT bankruptcy and weak personal spending -0.5% in September sent US stock markets down over 2.5%. Also of note to traders was the largest jump in the VIX index this year, up over 20% on the day. In US Stocks, DJIA +199 points closing at 9712, S&P -29 points closing at 1036 and NASDAQ -52 points closing at 2045. Looking ahead, October ISM Manufacturing is forecast at 53 vs. 52.6 previously.[More...]

CIT Files Chapter 11, 76.5% Of Creditors Vote For Prepack (90% of 85% Voting)

Mon, 02 Nov 2009 00:31:04 GMT

NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that, with the overwhelming support of its debtholders, the Board of Directors voted to proceed with the prepackaged plan of reorganization for CIT Group Inc. and a subsidiary that will restructure the Company’s debt and streamline its capital structure.[More...]

CIT Boom Boom!

Mon, 02 Nov 2009 00:11:20 GMT

Hope you didn't buy any CIT on the hope of a bailout![More...]

St. Louis Post-Dispatch, David Nicklaus column: The federal bailout of banks may not be as costly as feared

Fri, 06 Nov 2009 23:47:00 GMT

And the big banks -- the focus of the public's ire during the congressional debate -- may not cost the Treasury much, if any, money when the program is finally wound down.
Wells Fargo appears poised to do the same.
Citigroup isn't yet in a position to repay the TARP money, and the Treasury couldn't sell its shares quickly without depressing the price.

: iStockAnalyst.com Symbols Feed

Dollar Trades Higher As Fed Rate Announcement Awaited

EU Morning Report – USD And JPY Fall On Increasing Risk Appetite

Financials Review - Nov 02,2009

Closing: Late Charge Allows Stocks To End Volatile Trade On Upbeat Note

CIT Files For Bankruptcy And The Aftershocks Begin

The Enterprising Investor’s Guide 11/2/2009

Stocks Firmer As Bulls Enticed By Last Week's Drubbing - Ford's Beat Helps Lift Mood

Daily Forex Outlook - Dark Clouds Return, Dollar Gains

CIT Files Chapter 11, 76.5% Of Creditors Vote For Prepack (90% of 85% Voting)

CIT Boom Boom!

St. Louis Post-Dispatch, David Nicklaus column: The federal bailout of banks may not be as costly as feared

EDITORIAL: More promising economic signs

Local Community Banks See Growing Commercial Real Estate Loan Losses

Economic Outlook: Ups and Downs, Mostly Up

Business Highlights

Economic Outlook: Taxpayers KO'D on CIT

UK's bailed-out banks forced into overhaul

European, US stocks up on manufacturing optimism

Economic Outlook: Taxpayers Get KOd on CIT

Stocks gain at open ahead of manufacturing data

CIT Board of Directors Approves Proceeding With Prepackaged Plan of Reorganization With Overwhelming Support of Debtholders

CIT Provides Update on Restructuring Plan

CIT Amends Terms of Exchange Offers

Logi Energy Offers Over $1B for CIT Assets

Dr. Kai-Ching Lin Joins Houlihan Lokey As a Managing Director

Explicit Picks Daily Report Alerts Investors to Big Buzz From CIT Group Inc; Favorable Reports and Marketing With Techs; Apple Inc, Texas Instruments Inc and Motorola Inc.

CIT Launches Restructuring Plan

Retailers Take Stock of Economic Downturn Featured on CIT's "5 Minute Capital" Podcast Series

Retailers and Suppliers Take Stock of Economic Downturn Featured on CIT "5 Minute Capital" Podcast Series

Retailers and Suppliers Expect Consumer Spending to Trail Financial Markets Recovery

Form 3 ARRINGTON RON G For: Aug 25 (10K)

Form 4 DUFFY JAMES J For: Apr 19 (10K)

Form 4 CIT GROUP INC For: Jan 18 Filed by: PEEK JEFFREY M (10K)

Form 5 DALY JOHN F For: Dec 31 (10K)

Form 4 GIPSON KELLEY J. For: Dec 24 (10K)

Form 3/A GIPSON KELLEY J. For: Dec 08 (10K)

Form 4 MASON ALEXANDER T For: Jan 22 (10K)

Form 4 CIT GROUP INC For: Jan 22 Filed by: INGATO ROBERT J (10K)

Form 4 CIT GROUP INC For: Jan 22 Filed by: KNITTEL C JEFFREY (10K)

Form 4 CIT GROUP INC For: Jan 22 Filed by: SNOW KRISTINE (10K)