Sponsors
Billabong ▼ -0.005 | PPR ▲ +0.35 | American Apparel ▲ +0.022 | The Buckle ▲ +0.57 | Columbia ▼ -0.13 | Deckers Outdoor ▲ +0.50 | Dicks ▼ -0.77 | Foot Locker ▲ +0.33 | Genesco ▲ +0.62 | Iconix Brand Group ▼ -0.41 | Jarden Corp ▼ -0.43 | Nordstrom ▼ -0.42 | Luxottica ▼ -0.42 | Nike ▲ +0.13 | Pacific Sunwear ▲ +0.06 | Skullcandy ▼ -0.14 | Sport Chalet - 0 | Urban Outfitters ▲ +0.61 | VF Corp ▼ -0.22 | Quiksilver ▼ -0.05 | Zumiez ▼ -0.02 | Macys ▲ +0.14 | Tillys ▼ -0.04 |
Ticker Sponsor
Readers Say
The one, undisputed leader
The one, undisputed leader

It is common knowledge in our industry that there is one undisputed leader in reporting on the topics, businesses and trends that impact all of us the most, and it is shop-eat-surf.com. Their access to those who make our industry happen is second to none, and we value not only the content of their reporting but the editorial thought on what it all means both in the present as well as the future. If we were asked to give a rating, it would be five out of five stars.

- By Craig Levra, CEO, Sport Chalet
In touch with our business
In touch with our business

If you're not plugged into Shop-Eat-Surf.com daily, you're out of touch with our business!

- By Peter "PT" Townend, The ActivEmpire
Industry Insight


ROTH CAPITAL PARTNERS: Hosting 27th Growth Stock Conference March 8-11 in Dana Point, Calif.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

CIT receives remaining $1 billon of $3 billion loan

By
August 07, 2009 9:22 AM

From the Associated Press:

NEW YORK - Commercial lender CIT Group Inc., which is trying to avoid filing for bankruptcy protection, said Friday that it has received the remaining $1 billion available under a $3 billion credit agreement and is suspending preferred dividend payments.

The company, which is one of the nation's largest lenders to small and midsize businesses, said it will use a substantial portion of the new borrowing to support its small and middle market customers.

Click here for the full story.


More on: CIT, bankruptcy, agreement

Articles You Might Have Missed