Carl Icahn announced that it has raised his offer for notes issued by CIT Group Inc.(CIT). Icahn said it is now offering to pay $650 per $1,000 of principal in certain senior notes that are covered in his tender offer. The tender offer is open for acceptance until December 2, 2009, unless extended or withdrawn.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.