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CIT Group said to hire bankruptcy adviser
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AP
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Sat 4:28 pm ET
CIT Group Inc. is working with a premier bankruptcy firm as the troubled commercial lender awaits word on whether it will receive funds from a federal program designed to help banks, the company confirmed Saturday.
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CIT Group shares dive as government aid uncertain
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AP
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Sat 5:16 am ET
Shares of commercial lender CIT Group Inc. plunged Friday as uncertainty mounts over whether it can get federal backing for its bonds.
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CIT Group shares dive as government aid uncertain
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AP
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Sat 5:16 am ET
Shares of commercial lender CIT Group Inc. plunged Friday as uncertainty mounts over whether it can get federal backing for its bonds.
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Hoku Scientific may sell Hoku Materials unit
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AP
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Fri 7:37 pm ET
Hoku Scientific Inc. said Friday that its Hoku Materials unit, which makes and sells polysilicon for solar panels, is seeking new debt and equity financing amid a cash crunch linked to the global economic slowdown and is evaluating a possible sale.
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Some NWA flight attendants want to wear red dress
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AP
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Fri 7:05 pm ET
The union that represents flight attendants who worked for Northwest Airlines before it was bought by Delta Air Lines is crying foul over Delta's failure to offer bigger sizes for its signature red dress uniform designed by Richard Tyler.
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Court reinstates part of suit against Home Depot
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AP
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Fri 6:32 pm ET
A federal appeals court on Friday dismissed a sexual harassment suit against The Home Depot Inc. by two former male store managers, who said they were subjected to a hostile work environment by a male supervisor.
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Amgen appoints Harvard business professor to board
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AP
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Fri 6:12 pm ET
Biotechnology company Amgen Inc. said Friday that Rebecca Henderson has been appointed to the board of directors. Henderson, 48, recently became a professor at Harvard Business School and has been a director at IDEXX Laboratories Inc. since 2003.
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Forest and Caraco settle suit over antidepressant
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AP
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Fri 6:11 pm ET
Drugmaker Forest Laboratories Inc. said Friday it reached a settlement agreement with Caraco Pharmaceutical Laboratories Ltd. over the company's effort to launch a generic version of the Forest blockbuster antidepressant Lexapro.
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American Axle working through restructuring plan
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AP
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Fri 6:09 pm ET
American Axle is working with longtime legal and financial advisers to consider restructuring options, but the company and a law firm representing it are stopping short of saying they are considering bankruptcy.
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FDA clears Eli Lilly's blood thinner Effient
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AP
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Fri 6:08 pm ET
The Food and Drug Administration on Friday approved a highly anticipated blood thinner from Eli Lilly, though the drug must carry the agency's sternest warning because of its bleeding risks.
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Original Ruth's Chris building to become clinic
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AP
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Fri 6:07 pm ET
The original Ruth's Chris Steak House restaurant will become a clinic for people who could never have afforded the steaks once sold there.
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Lockheed gets $262M Air Force Contract
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AP
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Fri 6:06 pm ET
The Air Force said Friday that it has awarded a $262 million satellite contract to a division of Lockheed Martin Corp. The contract is for long lead parts and material procurement for the Air Force's fourth Space Based Infrared Systems Geosynchronous Earth Orbit Satellite and a payload.
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Lockheed gets $262M Air Force Contract
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AP
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Fri 6:06 pm ET
The Air Force said Friday that it has awarded a $262 million satellite contract to a division of Lockheed Martin Corp. The contract is for long lead parts and material procurement for the Air Force's fourth Space Based Infrared Systems Geosynchronous Earth Orbit Satellite and a payload.
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Court reinstates part of suit against Home Depot
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AP
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Fri 5:48 pm ET
A federal appeals court has upheld the dismissal of part of a sexual harassment suit against The Home Depot Inc. by two former store managers, but reinstated their claims they were fired because they complained about it.
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Earnings Preview: J&J sales seen down for 3rd time
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AP
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Fri 5:38 pm ET
Johnson & Johnson, a Dow component and the world's biggest healthcare company, reports earnings for the second quarter on Tuesday morning. The following is a summary of key developments and analyst opinion related to the period.
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Isle of Capri Casinos files shelf registration
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AP
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Fri 5:35 pm ET
Casino operator Isle of Capri Casinos Inc. said Friday it filed a universal shelf registration statement with federal regulators to replace its previous statement that expired.
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Gannett implements layoffs at US newspapers
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AP
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Fri 5:33 pm ET
The latest wrenching cutbacks at Gannett Co. fell this week, as hundreds of employees at the country's largest newspaper publisher received notices of layoffs.
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Cardinal Health directors OK Carefusion spinoff
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AP
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Fri 5:30 pm ET
Cardinal Health Inc. said Friday its board has approved the previously announced spinoff of Carefusion, which makes surgical tools, diagnostics and other medical supplies.
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Federal jury rejects Altria's tax shelter claim
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AP
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Fri 5:11 pm ET
A federal jury has rejected a $24 million tax refund claim filed by tobacco company Altria Group Inc. The IRS challenged tax deductions the Richmond, Va.-based company made in 1996 and 1997 in connection with leveraged lease transactions.
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General Motors to try selling new cars on eBay
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AP
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Fri 5:11 pm ET
As part of its turnaround plan, General Motors Corp. said Friday it plans to experiment with auctioning new cars on eBay, expanding on an existing partnership covering certified used vehicles on the online marketplace.
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