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CIT shares jump as lender seeks rescue financing (AP)


CIT Group Inc.’s shares nearly doubled Friday as the commercial lender held talks with several large banks about securing emergency financing in hopes of avoiding a bankruptcy filing.

This entry was posted on Friday, July 17th, 2009, 11:36 pm and is filed under Finance News. You can follow any responses to this entry through RSS 2.0. Both comments and pings are currently closed.

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