Billionaire investor Carl Icahn offers CIT Group $6B lifeline as it faces potential collapse

Icahn offers CIT Group $6 billion loan

NEW YORK — In another sign that CIT Group Inc. is struggling to restructure its debt, billionaire investor Carl Icahn offered the lender a $6 billion lifeline.

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Yahoo Enters Merger Talks With Time-Warner

Yahoo! spent the July 4 weekend in discussions with its lead adviser, Goldman Sachs, and potential bid partners including Time Warner in a desperate bid to defend itself from shareholders meeting on August 1 to vote on whether to re-elect their board.

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