In a Nov. 1 story about CIT Group's bankruptcy filing, The Associated Press erroneously reported that Brandes Investment Partners LP holds 9.7 percent of CIT Group's common stock. CIT's Chapter 11 filing lists Brandes as a shareholder as of Feb. 15, but a spokesman for the firm said Brandes sold all of its clients' positions in CIT during the middle of the year.

Wilmington Trust Corp. said Wednesday it has not loaned money to CIT Group Inc. and therefore is not a creditor in the commercial lender's bankruptcy.

Commercial lender CIT Group Inc., which is operating under bankruptcy protection, said Wednesday it would ask a court to approve its prepackaged plan to exit Chapter 11 at a hearing on Dec. 8.

A US bankruptcy judge set a December 8 hearing to consider approval of CIT Group's reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end.

Fitch Ratings on Monday cut its long-term and short-term issuer default ratings for CIT Group Inc. to "D" from "RD," citing the company's bankruptcy protection filing.

A late rally helped propel the Dow to a positive finish Monday as financial stocks rebounded.

Stocks erased all of their gains Monday after an early surge due to a better-than-expected manufacturing report. Financials led the decline.

The Dow shot up more than 100 points Monday after a report showed manufacturing expanded more than expected last month.

The world will slump into a depression similar to that in the 1930s if stimulus measures are pulled out too soon, an economist warned. But investors have a chance to make good money in stock markets, a strategist said.

Stock futures pointed to a modest rebound ahead of the open Monday after the Dow and the S&P 500 experienced their biggest one-day percentage drops Friday since July 2.

CIT Group bankruptcy filing could push at least some small businesses it finances to look for a new lender, but finding new credit will be tough.

CIT Group's filing for Chapter 11 protection is the fifth-largest in U.S. history. Here are the top 10 U.S. bankruptcy filings, based on the companies' most recent annual report before filing for bankruptcy protection, according to BankruptcyData.com.

CIT Group Inc's bankruptcy filing, while long expected, could still trigger a financing crunch for many of the hundreds of thousands of small businesses it finances.

Commercial lender CIT Group filed for bankruptcy protection on Sunday afternoon.  The move comes after billionaire investor Carl Icahn threw his weight behind a bankruptcy filing last week.

CIT Group Inc, a lender to a million small and mid-sized U.S. businesses, filed for bankruptcy on Sunday. The following is a collection of key dates of the 101-year old business lender.