NEW YORK (Reuters) - CIT Group <CIT.N> has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources ...
Icahn agrees to support CIT Group restructuring, provides company with $1 billion credit line Commercial lender CIT Group Inc. said Friday that billionaire ...
SAN FRANCISCO (Reuters) - Billionaire activist investor Carl Icahn gave up his seat on the Yahoo Inc <YHOO.O> board of directors on Friday, closing a tumultuous chapter in the Internet company's 15-year history. Icahn said in a letter to the board he ...
Billionaire investor Carl Icahn resigned from his position on the Yahoo! board, saying the US Internet giant no longer needed an "activist" director like him. "I don't believe that it is necessary at this time to have an activist on the board ...
Carl Icahn resigns from Yahoo's board, saying his work is done after nearly 15 months Activist investor Carl Icahn has decided his work is done at Yahoo Inc. after muscling his way on to the slumping Internet company's board nearly 15 months ...
NEW YORK - NOVEMBER 2: Finacier Carl Icahn is interviewed at "David Moore's Funny Business Show" at Caroline's on Broadway on November 2, 2005 in New York City. Icahn announced his resignation from the board at Yahoo Inc. in order to focus ...
NEW YORK (Reuters) - CIT Group Inc <CIT.N> warned bond holders that if they failed to exchange their debt or approve a prepackaged bankruptcy, the commercial finance company -- and its debt investors' returns -- could suffer mightily. The company said that, ...
With a "knock-down, drag-out fight" brewing among CIT's creditors, stockholders have very little chance of coming out ahead(as in, with a stock worth anything). It would be like me, Brad Pitt and George Clooney all trying to impress a woman - I ...
NEW YORK/PHILADELPHIA (Reuters) - Carl Icahn, the famed corporate raider, accused finance company CIT Group Inc <CIT.N> of trying to win support for its reorganization by overpaying for a new loan from some existing lenders. Icahn, who told Reuters he is the ...
Billionaire investor Carl Icahn offered a six billion dollar loan Monday to ailing lending giant CIT Group, calling it an alternative to a plan he said favors large bondholders. Icahn made the offer in a letter to the board of the troubled ...
Billionaire investor Carl Icahn offered a six billion dollar loan Monday to ailing lending giant CIT Group, calling it an alternative to a plan he said favors large bondholders. Icahn made the offer in a letter to the board of the troubled ...
Billionaire investor Carl Icahn offers CIT Group $6B lifeline as it faces potential collapse In another sign that CIT Group Inc. is struggling to restructure its debt, billionaire investor Carl Icahn offered the lender a $6 billion lifeline. In a letter Monday ...
