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Greece agrees austerity plan, unions vow battle (AFP)

AFP – Greece announced swingeing spending cuts Sunday to clinch a 110 billion euro international bailout, warning that widespread sacrifices were needed to save the country from bankruptcy.

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Six Flags bondholders submit alternative plan

WILMINGTON, Delaware (Reuters) – A group of noteholders of bankrupt regional theme park operator Six Flags Inc said on Sunday it submitted an alternative reorganization plan that transfers most of the equity to them. Read more: Six Flags bondholders submit alternative plan

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CIT’s long goodbye

When CIT Group filed for bankruptcy Sunday, it wasn’t much of a surprise. The once-dominant small business lender has been largely sidelined for more than a year. Here is the original post: CIT’s long goodbye Excerpt from: CIT’s long goodbye

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Retail Lender CIT Group Files For Bankruptcy

CIT Group Inc. provides financing to about 1 million small and mid-sized businesses. Its bankruptcy filing Sunday could be one of the biggest in U.S Visit link: Retail Lender CIT Group Files For Bankruptcy

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CIT Group files for bankruptcy protection

The action by the lender to small and mid-size businesses comes after a debt-exchange offer to bondholders fails and will probably wipe out government’s $2.3-billion investment in the company. CIT Group Inc., a major lender to small and medium-size businesses, filed for bankruptcy protection Sunday afternoon, a process that almost …

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CIT Group files for bankruptcy (Reuters)

Reuters – CIT Group Inc, a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself and the recession clobbered its loans. Read the original post: CIT Group files for bankruptcy … Read more: CIT Group …

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CIT Group Files For Bankruptcy

Lender CIT Group has filed for Chapter 11 bankruptcy protection Sunday in an effort to restructure its debt while trying to keep loans flowing to thousands of mid-sized and small businesses. It’s one of the biggest Chapter 11 filings in U.S Follow this link: CIT Group Files For Bankruptcy

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CIT Group files for prepackaged bankruptcy

NEW YORK (Reuters) – CIT Group Inc, a century old lender to hundreds of thousands and small and medium-sized businesses, filed for bankruptcy on Sunday, as the global credit crisis left it unable to fund itself and the recession clobbered its loans. Follow this link: CIT Group files for prepackaged bankruptcy

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CIT Group files for prepackaged bankruptcy (Reuters)

Reuters – CIT Group Inc, a century-old commercial lender, filed for bankruptcy on Sunday, as the global credit crisis left it unable to fund itself and the recession left it with too many bad loans. Read more: CIT Group files for prepackaged bankruptcy (Reuters) Read the rest here: CIT Group files …

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CIT files for bankruptcy

CIT Group Inc., one of the nation’s leading funders of small and medium-sized businesses, filed for bankruptcy protection Sunday as part of a reorganization plan that has the support of an overwhelming majority of debtholders. See more here: CIT files for bankruptcy Continue reading here: CIT files for bankruptcy

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