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bankruptcy

Three Card Monty at GM

Three Card Monty at GM

By Jeff Nolan on November 17, 2009

I read this and shook my head in amazement at the limited financial acumen of reporters covering business.

General Motors, encouraged by its improving financial situation, could repay all of its $6.7 billion in loans from U.S. taxpayers by the end of next June, the company’s top executive said Monday.[From With $42B, GM moves […]

Posted in Business, Featured Posts | Tagged auto industry, bailout, bankruptcy, Canada, debt, detroit, GeneralMotors, gm, treasury, VEBA trust

What Will CIT's Bankruptcy Mean for the Retail Supply Chain? (Part 2)

What Will CIT’s Bankruptcy Mean for the Retail Supply Chain? (Part 2)

By Jason Busch on November 2, 2009

In the first column in this series on CIT’s bankruptcy and the retail supply chain, Kurt Cavano, Chairman and CEO of TradeCard, provided background perspective on CIT’s historic role and fit within the industry. In this post, we’ll continue the analy…

Posted in Business | Tagged Asia, bankruptcy, chapter 11, CIT, fob, Retail, Retail Trade, Sourcing, supply chain

What Will CIT's Bankruptcy Mean for the Retail Supply Chain? (Part 1)

What Will CIT’s Bankruptcy Mean for the Retail Supply Chain? (Part 1)

By Jason Busch on November 2, 2009

Over the weekend, CIT Group, a large specialty lender / factor, filed for for Chapter 11 bankruptcy protection. According to the Times Online, “The collapse of the 101-year-old Utah-based lender, which trails behind only those of Lehman Brothers, Was…

Posted in Business | Tagged bankruptcy, chapter 11, CIT Group, Lehman Brothers, supply chain

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