CIT (CIT) Could Stop Lending to Sears (SHLD) Suppliers -Reuters

January 31, 2012 10:39 AM EST
Shares of Sears (Nasdaq: SHLD) are plummeting as Reuters is reporting CIT (NYSE: CIT) has said the company may stop lending to Sears suppliers.

Sears shares last traded at $42.22, down 4 percent from Monday's close.


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