NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by RothmanResearch.com.

Nearly 90% in Favor of Plan; Emergence Sought by Year-End

Tabulation of Bondholder Votes Ongoing

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NEW YORK (Reuters) - CIT Group Inc CITGQ, 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.The net loss attributable to shareholders equaled $2.74 per share, and compared with a...

NEW YORK (Reuters) - Investor Carl Icahn on Friday raised his offer for the senior notes of bankrupt CIT Group CITGQ to $650 per $1,000 of principal notes tendered.The tender offer is open until 11:59 PM, EST, December 2, Icahn said in a press release.A U.S. bankruptcy judge has set...

Short sellers have bought into the notion that the financial industry is in full recovery. Shares sold short in Wells Farg (NYSE:WFC) fell 8% to 78.8 million shares. Shares short in CIT (NYSE:CIT) were off 4% to 78.1 million. The short interest in Bank of America (NYSE:BAC) dropped 12% to 67 million. The short interest in [...]

DailyFinance: A deep recession isn't a great time to be in the business of lending to entrepreneurs. First CIT Group had to seek bankruptcy protection last month when it failed to strike a deal with bondholders to rework its debt. And now Advanta (ADVNB), a ... Read more

The stench from the feces behind the scenes is getting unbearable. At least it is to those who have direct nasal exposure to the reality floating in the financial sewers, ungrated by the fecal filters of CNBC. The latest casualty of eating from the apple of toxic asset knowledge is GMAC CEO Al de Molina, who is being replaced with a man truly perfect for the job: a director of failed CIT and a former executive of the soon-to-fail toxic cesspool known as GE Capital, Mike Carpenter. From Al de Molina's professional obit:[More...]

To my embarassment, I must correct the November 9 mention of the G-20 and the proposed Tobin tax. A Reuters story quotes a somewhat irritated Gordon Brown on the controversy: “I think if you read my speech on Saturday, what I was talking about was the social responsibility of financial institutions,” Brown said at his regular news conference.[More...]

Words from the (investment) wise for the week that was (November 2 – 8, 2009) “Words from the Wise” this week comes to you in a shortened format as I am about to leave Cape Town for a visit to the colder environs of Switzerland and Slovenia. Although reduced commentary is provided, a full dose of [...]

Words from the (investment) wise for the week that was (November 2 – 8, 2009) “Words from the Wise” this week comes to you in a shortened format as I am about to leave Cape Town for a visit to the colder environs of Switzerland and Slovenia. Although reduced commentary is provided, a full dose of [...]

The Federal Reserve is expected to keep its benchmark Interest Rate unchanged near zero today, as traders get ready for a busy news cycle. Investors will focus on the interest rate outlook, but many analysts say the Fed is unlikely to change the wording of its pledge to keep rates low for an extended period. This may have the result of stabilizing USD trading, or potentially driving the world's primary currency to new extremes. Will the USD experience a reversal from yesterday's bullishness?[More...]

Schaeffer's Andrea Kramer takes a look at unusual option activity on the Street

Schaeffer's Andrea Kramer takes a look at unusual option activity on the Street

Schaeffer's analyst Colleen S. King takes a look at the major news of the day on Wall Street.

Schaeffer's analyst Colleen S. King takes a look at the major news of the day on Wall Street.

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Providential Holdings Subsidiary Sets Up Headquarters for Major South Hoi An Development Project
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