International Business News - CIT http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Diversified financial-services stocks lacked direction Tuesday morning following Federal Reserve Chairman Ben Bernanke's comments that the central bank may extend its lending efforts to investment banks. http://www.ibtimes.com/articles/20080708/opening-glance-diversified-financials-are-mixed.htm Tue, 08 Jul 2008 10:46:43 EDT Diversified financial-services stocks finished Monday's session sharply lower after a Federal Reserve official said the financial markets could still get worse before they improve. http://www.ibtimes.com/articles/20080707/closing-glance-diversified-financials-drop.htm Mon, 07 Jul 2008 16:54:58 EDT Diversified financial-services stocks wavered Monday morning as oil prices retreated and investors awaited the start of second-quarter earnings reports later this week. http://www.ibtimes.com/articles/20080707/opening-glance-diversified-financials-open-mixed.htm Mon, 07 Jul 2008 10:37:28 EDT Shares of Lehman Brothers Holdings Inc. dropped on Monday and kicked off a holiday-shortened week of trading, on talk Barclays PLC will buy the country's fourth-biggest investment bank at a discount. http://www.ibtimes.com/articles/20080703/hot-stocks-of-the-week-leh-cit-gm-nvda.htm Thu, 03 Jul 2008 14:50:48 EDT CIT Group Inc. completed its exit from all of its home lending business on Tuesday, with two separate sales, noting that it wants to focus on commercial finance. http://www.ibtimes.com/articles/20080701/cit-home-lending-exit.htm Tue, 01 Jul 2008 21:24:04 EDT Commercial bank stocks mostly jumped Tuesday after CIT Group Inc. said it would sell its home-lending business to Lone Star Funds for $1.5 billion cash and $4.4 billion in assumed debt. http://www.ibtimes.com/articles/20080701/closing-glance-shares-of-commercial-banks-jump.htm Tue, 01 Jul 2008 16:10:37 EDT Fitch Ratings said Tuesday it views CIT Group Inc. announcement of the sale of certain assets as a positive for the company, but not worthy of prompting a ratings change. http://www.ibtimes.com/articles/20080701/fitch-cit-home-lending-division-sale-a-positive.htm Tue, 01 Jul 2008 15:15:27 EDT Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080701/ford-constellation-apple-among-big-movers.htm Tue, 01 Jul 2008 16:53:50 EDT The Standard & Poor's 500 declined in midday trading on Tuesday, with the biggest fall taken by shares of Fortune Brands Inc., after the company lowered its outlook. http://www.ibtimes.com/articles/20080701/midday-leaders-laggards-s-p-500.htm Tue, 01 Jul 2008 12:24:05 EDT Commercial bank stocks mostly rose Tuesday morning after CIT Group Inc. said it would sell its home-lending business to Lone Star Funds for $1.5 billion in cash and $4.4 billion in assumed debt. http://www.ibtimes.com/articles/20080701/opening-glance-shares-of-commercial-banks-rise.htm Tue, 01 Jul 2008 10:19:42 EDT Shares of CIT Group Inc. jumped sharply Tuesday after the company said it would sell its home-lending business to Lone Star Funds for $1.5 billion cash and $4.4 billion in assumed debt, news that an analyst said will help the balance sheet. http://www.ibtimes.com/articles/20080701/out-of-the-gate-cit-group-shares-rally-after-deal.htm Tue, 01 Jul 2008 10:04:23 EDT Financial stocks sagged in premarket trading Tuesday, as the first day of trading in the second half appears headed in the same direction that nearly led to a bear market over the first six months of the year. http://www.ibtimes.com/articles/20080701/premarket-movers-financial-stocks-head-lower.htm Tue, 01 Jul 2008 09:23:27 EDT CIT Group Inc. said Tuesday it will sell its home lending business to Lone Star Funds for $1.5 billion in cash, plus $4.4 billion of assumed debt, in a move to exit the troubled mortgage arena and focus on its commercial finance operations. http://www.ibtimes.com/articles/20080701/cit-group-exits-home-lending-businesses.htm Tue, 01 Jul 2008 07:00:00 EDT The Standard & Poor's 500 finished higher on Monday, with shares of Sunoco Inc. posting gains as the price of oil set another record. The S&P 500 rose 1.62 points to 1,280.00. http://www.ibtimes.com/articles/20080630/s-p-500-leaders-laggards-sun-cit.htm Mon, 30 Jun 2008 18:02:31 EDT Diversified financial-services stocks dropped again on Monday in yet another dismal session for the beleaguered industry, as the rising price of oil continued to pressure shares. http://www.ibtimes.com/articles/20080630/closing-glance-diversified-financials-drop.htm Mon, 30 Jun 2008 17:01:44 EDT Shares of Campbell Soup Co. made the biggest advance on the Standard & Poor's 500 Index at midday Monday after the soup maker lifted its full-year profit guidance and announced a $1.2 billion buyback program. http://www.ibtimes.com/articles/20080630/midday-leaders-laggards-s-p-500.htm Mon, 30 Jun 2008 12:33:06 EDT Diversified financial-services stocks were trading mostly down Monday morning, following a dismal close to last week, as oil prices climbed above $143 per barrel for the first time and the broader market traded in a narrow range. http://www.ibtimes.com/articles/20080630/opening-glance-diversified-financials-mostly-down.htm Mon, 30 Jun 2008 12:09:51 EDT The Standard & Poor's 500 Index declined on Friday, as investors remained unnerved over a fresh record in oil prices and turmoil in the credit markets. http://www.ibtimes.com/articles/20080627/s-p-500-leaders-laggards-mu-mur.htm Fri, 27 Jun 2008 17:59:18 EDT Most diversified financial-services stocks suffered another big decline on Friday as oil prices climbed higher and bad news about the troubled financial sector continued to pile up. http://www.ibtimes.com/articles/20080627/closing-glance-most-diversified-financials-drop.htm Fri, 27 Jun 2008 16:27:13 EDT Diversified financial-services' stocks gained modestly Friday morning following a steep drop on Thursday. The broader markets wavered as oil prices reached a new record high, but investors felt some relief about personal income and spending increases. http://www.ibtimes.com/articles/20080627/opening-glance-diversified-financials-rise.htm Fri, 27 Jun 2008 10:35:43 EDT