Struggling CIT in talks to secure liquidity

Date: Monday, July 13, 2009

Struggling CIT in talks to secure liquidity

CIT Group officials scramble over the weekend to improve the group's
funding position amid fears that nervous customers could start
withdrawing their funds, according to media reports.

GOLDMAN SACHS, PHILIPS, CARDIONET IN VIEW

A roundup of stocks making notable moves in pre-market trade on Monday.

PHILIPS, BANKS ADVANCE IN HIGHER EUROPE

European shares move higher Monday, as Philips Electronics advanced on
a small profit and final shares showed promise.

ASIA MARKETS TUMBLE; NIKKEI, HANG SENG SHRINK 2.6%

Asian equity markets suffered heavy losses Monday as nervous investors
braced for a slew of big U.S. earnings reports in the coming week,
though
merger-and-acquisition related news boosted shares of China Eastern
Airlines and Kirin Holdings.

MICROSOFT UNVEILS OFFICE, FUELS GOOGLE RIVALRY

Microsoft Corp. on Monday made the latest edition of its Office
software suite available for testing and plans to make key
applications such as Word and Excel available over the Web --
acknowledging burgeoning competition from Internet giant Google Inc.
and others.