icahn

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Latest blogosphere posts tagged “icahn”

  • A Letter From 2019


    The Reformed BrokerAuthority Authority: 643
    Dear Josh, It’s me: Josh…the You from 10 years from now, using the latest technology from Google to send an email to you from the future.  Don’t freak out. Anyway, I’m just writing to let you know that the next ten years will be wacky, but everything turns out ok.  For regulatory reasons, I obviously ...
    6 days ago
  • Reading Between The Lines Of David Einhorns Attack On CDS


    zero hedgeAuthority Authority: 771
    The $26.5 trillion (gross notional) CDS market is under siege. Or such is the latest news from the formerly pervasive (ab)user of CDS trading strategies, David Einhorn. In an op-ed in the FT , Einhorn states "I think that trying to make safer credit default swaps is like tryingto make safer asbestos,” he writes in ...
    1 week ago
  • All The King’s Sycophants


    Unconventional ThinkingAuthority Authority: 109
    The other day I listened to a journalist, of sorts, bragging that he played golf recently with the President of the United States. Wonderful for the reporter’s ego. Terrible for journalism. Of course, favored journalists have always enjoyed special access to US Presidents, but that doesn’t mean the problem is ...
    1 week ago
  • CIT Files for Bankruptcy


    NYT > TheaterAuthority Authority: 914
    CIT Group filed for bankruptcy protection Sunday afternoon, a humbling event for the 101-year-old lender, but one expected to keep the company running.
    2 weeks ago
  • CIT Group to File For Bankruptcy Within Days


    Wall Street PitAuthority Authority: 638
    CIT Group (CIT) intends to file for bankruptcy protection in New York within days, perhaps as early as Sunday, the WSJ reports, citing people familiar with the matter.The filing, which was overwhelming approved by creditors in  support of a prepackaged bankruptcy protection and comes as a...
    2 weeks ago
  • CIT moves closer to pre-packaged bankruptcy approval (Reuters)


    BloggerAuthority Authority: 165
    Reuters – CIT Group has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast bankruptcy process it is seeking to lower its liabilities and get back to health. Original post: (Reuters)"> ...
    2 weeks ago
  • Icahn Discloses Plans For CIT


    zero hedgeAuthority Authority: 771
    CIT is now certain to file for bankruptcy over the weekend, after it was unable to obtain the requsite number of consents for its exchange offer. The only question is whether or not the bankruptcy will be a pre-packaged, in which bondholders will accept specific haircuts or if it will be a free fall Chapter 11, which ...
    2 weeks ago
  • CIT Group receives $1 billion loan from Icahn


    DailyFinanceAuthority Authority: 797
    Filed under: Company News , CIT Group Commercial lender CIT Group Inc. said Friday that billionaire investor and bondholder Carl Icahn agreed to support the companys restructuring plan amid reports CIT may soon file for bankruptcy protection. Icahn also agreed to provide CIT with a $1 billion line of credit. ...
    2 weeks ago
  • CIT Group Makes Peace With Carl Icahn


    ShoppingBlog.comAuthority Authority: 659
    Embattled lender CIT Group has finally made peace with billionaire Carl Icahn, who is the companys biggest bondholder. Icahn had been opposing CIT Groups latest plan to reorganize with a bondholder debt swap. But after furious negotiations, all parties have tentatively agreed on a solution. CIT Group is so deep in ...
    2 weeks ago
  • Another wicked October takes its toll on investor confidence


    DailyFinanceAuthority Authority: 797
    Filed under: Company News , Economy , Earnings , CIT Group , Apple , Citigroup Slipping consumer confidence sent U.S. stocks tumbling Friday, nearly ending a six-month-long sprint that saw major indexes climb steadily and dramatically in the face of recession. The drop, on the last trading day of a wildly ...
    2 weeks ago
  • CIT $1 billion from Carl Icahn, Icahn Capital LP


    George S. May Business BlogAuthority Authority: 134
    As a part of their restructuring plan, CIT has entered an agreement with Carl Icahn to secure a $1 billion line of credit from Icahn Capital LP to provide themselves with supplemental liquidity as they go through with the plan.Icahn Capital has given CIT up until the new year to draw the new line of [...]
    2 weeks ago
  • Corporate Titans Master the Obvious


    Sense on CentsAuthority Authority: 561
    Why is the market breaking down today? A number of analysts are pointing to comments by corporate titans, Wilbur Ross, George Soros, and bank analyst Mike Mayo. What did Ross, Soros, and Mayo have to say? With all due respect, these corporate titans do not offer any new news. That said, let’s navigate. 1. Wilbur ...
    2 weeks ago
  • A surprise “Wow!” in the CIT story


    Van SantosAuthority Authority: 436
    I had previously stated that CIT was going to do everything in their power to keep Carl Icahn out of their restructuring plan.  Based on their public “calling out” of his statements it appeared things were going to get out of control.  Today; however, the story took a very strange twist. CIT has received a ...
    2 weeks ago
  • CIT Accepts $1 Billion Loan from Icahn


    DealBookAuthority Authority: 772
    The CIT Group on Friday said it has settled its dispute with the financier Carl C. Icahn, who will provide a $1 billion loan from his Icahn Capital.
    2 weeks ago
  • CIT Seen Filing for Bankruptcy in Coming Days


    DealBookAuthority Authority: 772
    CIT Group is likely to file for bankruptcy in the coming days, analysts and experts told Reuters.
    2 weeks ago
  • CIT Accepts $1 Billion Loan from Icahn


    NYT > TheaterAuthority Authority: 914
    The CIT Group on Friday said it has settled its dispute with the financier Carl C. Icahn, who will provide a $1 billion loan from his Icahn Capital.
    2 weeks ago
  • Bunch of Yahoos


    MediaFileAuthority Authority: 640
    A string of Yahoo sales, engineering and product executives took the stage on Wednesday in the companys first full-day briefing with analysts since May 2006, all with a mantra that came down from on high: "Today is the beginning of a journey back to respect ," said CEO Carol Bartz. With page views increasing, Carl ...
    2 weeks ago
  • Bunch of Yahoos


    DealZoneAuthority Authority: 524
    A string of Yahoo sales, engineering and product executives took the stage on Wednesday in the company’s first full-day briefing with analysts since May 2006, all with a mantra that came down from on high: “Today is the beginning of a journey back to respect ,” said CEO Carol Bartz. With page views increasing, ...
    2 weeks ago
  • Icahn Unloads Stake in Guaranty Financial


    DealBookAuthority Authority: 772
    Billionaire Carl Icahn has disposed of more than 7 million shares of Guaranty Financial Group, the bankrupt Texas bank whose assets were seized two months ago and sold to Banco Bilbao Vizcaya Argentaria SA.
    2 weeks ago
  • CIT Rejects Icahn Offer; Its Creditors Extend Loan


    NYT > TheaterAuthority Authority: 914
    The big lender turned down an offer from the financier Carl C. Icahn, saying it was not confident of its solidity or Mr. Icahn’s backing.
    2 weeks ago

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