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CIT Group's 3Q loss widens, restructuring unit

Posted by weblaunches 1212 days ago, popular 1212 days ago (http://www.boston.com)
Category: Economy | Tags: cit economy finance
Financial-services company CIT Group Inc. said Thursday third-quarter losses widened due to significant charges related to the company's vendor-finance segment. The New York-based company reported a loss of $317.3 million, or $1.11 per share, compared with a loss of $46.3 million, or 24 cents per share, in the same period a year earlier.
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