By Emily Chasan

The New York Post reported Tuesday morning that hedge-fund operator John Paulson of Paulson & Co. was orchestrating a move to merge CIT Group with the remains of IndyMac Federal Bank

Lenovo, the China-owned PC maker with headquarters in Morrisville, announced Monday that it has signed a letter of intent with the CIT Group to create the Lenovo Financial Services program. (CIT)

CIT Group Inc., the commercial lender run by John A. Thain, posted a surprise profit in its first full quarter since emerging from bankruptcy

Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Analyst InitiationsAnalyst UpgradesFBR Capital upgraded Digital River (DRIV) to outperform from market perform on expectations the company's business activity is improving. The firm raised its price target for shares to $36 from $25.Cowen upgraded Carpenter Technology (CRS) to outperform from neutral, citing expectations for a restocking turnaround for the upgrade.Och-Ziff Capital (OZM) was upgraded to outperform from market perform at William Blair.Wellpoint (WLP) was upgraded to outperform from market perform at BMO Capital.Kohlberg Capital (KCAP) was upgraded to hold from sell at Stifel Nicolaus.Continue reading Analyst Calls: CIT, CRS, DLM, DRIV, HP, NVO, OXGN, SAI, WLP ...Analyst Calls: CIT, CRS, DLM, DRIV, HP, NVO, OXGN, SAI, WLP ... originally appeared on BloggingStocks on Wed, 31 Mar 2010 11:00:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments

CIT Group Inc., the commercial lender being restructured by Chief Executive Officer John A. Thain, will retain its aircraft finance unit during the coming round of asset sales, an executive told an industry gathering

CIT Group Inc., the commercial lender that hired John Thain to lead the company after bankruptcy, told investors its book value increased to $41.99 a share, more than forecast and 16 percent above its stock price. The shares rose to the highest since CIT's reorganization