Archive for December, 2008

Take it outdoors to build team (at Atlanta Journal Constitution)

American Express gets OK for $3.39B from gov’t (AP)

American Express says it received preliminary approval to receive $3.39 billion in capital as part of the government’s $700 billion bank investment program.

[$$] AmEx to Sell Stock, Warrants (at The Wall Street Journal Online)

Stocks Down On GDP, Consumer, Housing Data (at Forbes.com)

American Express gets preliminary OK for TARP funds (at MarketWatch)

[video] Street Sheds Early Gains (at Forbes.com)

American Express to Participate in U.S. Treasurys Capital Purchase Program (Business Wire)

CIT Group enters definitive pact for $2.33 bln from TARP (at MarketWatch)

CIT Enters into Definitive Agreements for $2.33 Billion Investment by the U.S. Treasury (Business Wire)

NEW YORK—-CIT Group Inc. , a commercial bank holding company, today announced that it has entered into definitive agreements with the U.S. Department of the Treasury to sell $2.33 billion in CITâ??s perpetual preferred stock and related warrants to the Treasury as a participant in the federal governmentâ??s Capital Purchase Program, part of the Troubled [...]

CIT gets preliminary OK for $2.33 billion TARP funds (Reuters)

CIT Group , a commercial finance firm, won preliminary approval to receive $2.33 billion under the government’s $700 billion financial bailout program, sending its shares up almost 14 percent in premarket trading.