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CIT profit beats expectations as debt costs halve
Reuters: Bonds News
Tue, 29 Jan 2013
Jan 29 (Reuters) - CIT Group Inc's fourth-quarter profit beat Wall Street estimates by a wide margin as the small-business lender halved the money it spent to cover interest payments on long-term...
The T. Rowe Price High-Yield manager discusses the firm's investment in the debt of companies emerging from bankruptcy, including Lyondell, GM, and CITGroup .