Today's Big Losers: CIT, WOR, ICON

The Wall Street Journal reported that CIT Group (CIT) is working on a debt exchange deal that wou...  More »

The Wall Street Journal reported that CIT Group (CIT) is working on a debt exchange deal that would elimate a portion of the company's debt while giving bondholders control over the company. Speculation that such a deal would leave current equity holders with little to no stake in the restructured company has shares plunging early Wednesday, down over 36%.  « Less