MOSS ADAMS: Alert! Authorities after 45,000 businesses that didn't file 2012 California corporate taxes.
CIT: Acquires SoCal-based One West Bank
SDSI: Sports and active lifestyle employment outlook.
Details on Industry Insight.
CIT has received a $3 billion emergency loan from bond holders to help the troubled bank avoid bankruptcy, according to the New York Times.
CIT is heavily involved in the action sports industry, acting as a factor for many companies. Without the loan, CIT would likely have to file for bankruptcy after the government declined to step in and help the company.
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