Reuters – CIT Group Inc , the large U.S. consumer finance company, on Monday posted a $1.07 billion loss for the third quarter, the last full three-month period prior to its Chapter 11 bankruptcy filing. Read the original: CIT has $1.07 billion loss before bankruptcy …
Also tagged 1-07-billion, bankruptcy-filing, chapter, cit, group, large, last, loss-before, monday, period-prior, read-the-original, the-last, thirdAP – GE Money, the consumer lending unit of General Electric Co., and Lumber Liquidators, a hardwood flooring retailer, announced Monday a multiyear consumer financing agreement. See the original post: GE, Lumber Liquidator in consumer finance accord (AP)
Also tagged a-hardwood-flooring, consumer, financing-agreement-, general-electric, hardwood-flooring, lending-unit, lumber, lumber-liquidator, lumber-liquidators, monday, money, multiyear-consumer, the-consumer, the-originalAP – Asian markets were mostly lower Friday after setting new highs for the year, with Tokyo shares down almost 1 percent amid news a major Japanese consumer finance firm was unable to pay its debts. Read the rest here: Asian markets retreat after setting new highs …
Also tagged after-setting, asian, for-the, markets-retreat, percent-amid, read-the-rest, the-rest, tokyo, yearSINGAPORE (Reuters) – Citigroup plans to sell 20 businesses in consumer finance area, many of them located in Europe, its CEO Vikram Pandit said in an interview with Singapore’s Business Times. Continued here: Citi plans to sell 20 consumer finance businesses: report
Also tagged business, business-times, ceo, citigroup, europe, interview-with, singapore, vikram, vikram-panditAP – Private equity firm Apax Partners launched a cash tender offer at $28.50 a share Tuesday to acquire all outstanding shares of consumer finance Web site operator Bankrate Inc. Continued here: Apax Partners begins tender offer for Bankrate (AP)
Also tagged acquire-all, bankrate, bankrate-inc-, begins-tender, cash-tender, offer-for, partners, private, site-operator, tuesdayAP – The Federal Reserve is reaching out to Americans to get a more detailed picture of how the country’s economic debacles have affected household finances. See the article here: Fed to update its consumer finance survey (AP)
Also tagged a-more-detailed, article, country, economic-debacles, federal, federal-reserve, have-affected, household-finances-, how-the, more-detailed, reaching-out, the-article, update-its