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Read more...CIT Reports Second Quarter 2010 Net Income of $142 Million; $0.71 Per Diluted Share
NEW YORK----CIT Group Inc. , a leading provider of financing to small businesses and middle market companies, today reported net income for the quarter ended June 30, 2010 of $142.1 million, $0.71 per diluted share, up from $97.3 million and $0.49 per diluted share last quarter.
Read more...Sales Improvement of 25 Percent Drives Substantial Profit Increase at Group 1 Automotive in Second Quarter
Share Repurchase Authorization Announced
Read more...In brief
General Motors Co. will buy AmeriCredit Corp. for $3.5 billion, a deal that allows the automaker to expand loans to customers with poor credit and offer more leases, key areas where GM must grow to accelerate its car sales.
Read more...Should you co-sign for Mom and Dad?
Middle-aged parents who've lost their jobs or savings are turning to their adult children for help. Plus: 6 things to ask before agreeing to co-sign.
Read more...The Platypus Exception
What we both agree on is that no one knows what will happen. Your editor believes that the Austrian theory of the business cycle has both explanatory and predictive power when it comes to figuring out what has to happen at the end of a leveraged asset boom. But it is true - from meat pies to the platypus (both reptile AND mammal!) and in many other ways-Australia is exceptional.
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