Sponsors
Billabong ▼ 0.000 | PPR ▲ +4.85 | American Apparel ▼ -0.010 | The Buckle ▲ +0.20 | Columbia ▲ +1.21 | Deckers Outdoor ▲ +1.96 | Dicks ▲ +0.05 | Foot Locker ▲ +0.96 | Genesco ▲ +0.28 | Iconix Brand Group ▲ +0.64 | Jarden Corp ▲ +0.46 | Nordstrom ▲ +0.80 | Luxottica ▼ -0.14 | Nike ▲ +1.37 | Pacific Sunwear ▼ -0.01 | Skullcandy ▼ -0.16 | Sport Chalet - 0 | Urban Outfitters ▲ +0.50 | VF Corp ▲ +1.85 | Quiksilver ▼ -0.034 | Zumiez ▲ +0.30 | Macys ▲ +0.24 | Tillys ▲ +0.12 |
Ticker Sponsor
Readers Say
I waited too long to sign up for Executive Edition
I waited too long to sign up for Executive Edition

I read Shop-Eat-Surf at every opportunity, and I waited too long to sign up for the Executive Edition. It’s timely, relevant and clearly “from the industry, for the industry.

- By Andy Laats, President, Nixon
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
Industry Insight

ISPO: Shanghai trade show runs July 2 - 4.
SIA: Debuts new "Snow Source" email and blog.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

CIT may file BK on Sunday night

By
October 30, 2009 10:53 AM

From a WALL STREET JOURNAL news alert:

CIT Group and Carl Icahn have reached a tentative deal that could end a recent feud over the lender's restructuring plan, said people familiar with the matter. CIT has agreed to accept $1 billion in backup financing from Icahn, which it would tap if it needs more than $4.5 billion it recently received from other bondholders. CIT stock was halted on the news.

The company plans to file for bankruptcy in New York as soon as Sunday night or early Monday, said people familiar with the matter. CIT is poised to enter bankruptcy with enough creditor support to approve its reorganization plan and shorten its stay in Chapter 11, these people said.


Articles You Might Have Missed