CIT (NYSE: CIT) 63.3% LOWER; As expected, over the weekend, CIT announced that, with the overwhelming support of its debtholders, the Board of Directors voted to proceed with the prepackaged bankruptcy plan. Click here for the full report.

YRC Worldwide Inc. (Nasdaq: YRCW) 54.7% LOWER; today announced that it intends to launch an exchange offer this week based upon terms discussed with representatives of a committee of the holders of its contingent convertible notes and a committee of the holders of its USF 8 1/2% notes. The successful completion of this exchange would allow the company open access