The China International Travel Service is to list on the Shanghai Stock Exchange Thursday, and a total of 176 million shares of the company will become tradable. Photo: CFP By Wang Xinyuan The China International Travel Service (CITS), the country's leading tourism agency, will see new shares t...
*Peek widely criticized for being slow to recognize crisis *CIT's board forming committee to find successor (Recasts, adds detail) NEW YORK, Oct 13 - CIT Group Inc Chief Executive Jeffrey Peek plans to retire at...
NEW YORK, Oct 12 - CIT Group Inc is seeing little interest in its debt exchange offer, and is increasingly likely to file for bankruptcy, sources familiar with the matter said. The company said earlier...
* CIT to file plans for improving management, governance * CIT to provide credit risk management improvement plan *...
* AIG shares surge about 63 percent * AIG's new CEO takes over Monday * CIT shares climb as much as 55 percent * Short sellers covering positions, helping fuel rally (Recasts headline, updates share...
NEW YORK, July 12 - CIT Group Inc officials are scrambling to come up with a plan to convince customers and investors the commercial U.S. lender can work its way out of a deepening liquidity...
China International Travel Service (CITS), a Chinese tourism conglomerate, has obtained the approval from the China National Tourism Administration (CNTA) to open a branch in Ningbo City, Zhejiang Province, sources reported.The new branch aims to explore the higher margin travel market in the city and...
Nov. 26, 2008 (China Knowledge) - China International Travel Service (CITS), the largest comprehensive travel agency in China, has established its regional headquarters in East China. CITS plans to spend RMB 40 million for the...
NEW YORK, Nov 13 - Investor Carl Icahn on Friday raised his offer for the senior notes of bankrupt CIT Group to $650 per $1,000 of principal notes tendered. The tender offer is open until...
* CIT's $42 bln factoring business in doubt * Small businesses still facing credit crunch NEW YORK, Nov 1 - CIT Group Inc's <CIT.N> bankruptcy filing, while long expected, could still trigger a financing crunch...