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Accord Financial Group Announces Second Quarter and First Half...

Accord financial Group yesterday announced results for the three months and six months ended 30 June 2002.  Three months ended 30 June  Six months ended 30 June  Revenue 2002 2001 2002 2001  US$5,923,432 US$6,883,806 US$12,526,502 US$14,312,041 Net Earnings 2002 2001 2002 2001  US$1,233,912 US$1,117,648 US$2,422,837 US$2,658,466 For the second quarter Canadian operations surged ahead of last year while U.S. operations...

#Accord Financial#Accord Financial Corp#financial services

CIT Group Announces Quarterly Results

CIT Group Inc. reported its results on Tuesday for the quarter ended June 30, 2002. Net loss for the quarter…


CIT Group Inc to Announce Quarterly Earnings

CIT Group Inc. will be issuing its financial results for the quarter ended 30 June 2002, before the market opens…

#CIT#CIT Commercial Services#conference


CIT Group Holding its own After Initial Public Offering

CIT Group Inc. has been mostly well received on Wall Street since the troubled industrial conglomerate Tyco International Ltd. spun…

#CIT#commercial finance#Credit Suisse


New Appointment at Wells Fargo Business Credit Inc.

The Factoring Group at Wells Fargo Business Credit Inc. added Lisa M. Romero as assistant vice president and business development…

#bank#Vice president


Pretrial Activity on Lawsuit against Regions Bank and Southwest...

Attorneys for Regions Bank won a pretrial battle Tuesday in a lawsuit brought by two Texarkana health professionals who claim…

#bank#bankruptcy#receivables


CIT Group’s IPO Raises Disappointing US$4.6 Billion

Tyco International Ltd. raised a disappointing US$4.6 billion in the initial public offering for its finance unit, CIT Group Inc.,…

#CIT#international#investment


CIT Shares Fall After Initial Public Offering Launch

Shares of CIT Group Inc. fell 4% Tuesday, a day after Tyco International Ltd. spun off the finance unit to…


Tyco to proceed with CIT Initial Public Stock Offering

Tyco International Ltd. has decided against selling its lending division and will instead spin it off in an initial public…


CIT Group’s Chief Executive Speaks Out

CIT Group Inc.’s chief executive Albert Gamper, pitching the company's planned US$5.8 billion stock offering, says Tyco International Ltd.'s ownership…

#CIT#CIT Commercial Services#international


Former Tyco International Director Frank Walsh Comments on Litigation...

Tyco’s former International Director, Frank Walsh commented on Monday about the litigation filed by Tyco’s board of Directors. He said:…

#acquisition#CIT#financial services


HPSC Inc. Discovers Employee Defalcation Involving Transactions with Factoring...

HPSC Inc. announced today that it has discovered that an employee of the company's asset-backed lending subsidiary, American Commercial Finance…

#AMEX#bank#commercial finance

Tyco Former Executive Being Sued for Receiving US$20 Million...

Tyco has filed a suit against former director Frank Walsh. The company said that the Mr Walsh received an improper…

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