CIT Group has chosen John Thain to lead the company as chairman and CEO as the commercial lender continues to restructure its business following a brief stay in bankruptcy protection last year.

CIT names ex-Merrill CEO Thain as chairman, CEO

11:40 PM - CIT Group said Sunday it has chosen former Merrill Lynch CEO John Thain to lead the company as chairman and CEO. Read more...

In Other Business News...

Betty White, Bud Light, big laughs

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Frustrated job seekers deciding to call it quits

12:20 AM - Many jobless people have reached a conclusion that captures the depth of the unemployment crisis: Looking for a job is a waste of time. Read more...

Jury says Bayer must pay $1.5M to rice farmers

12:22 AM - A federal court jury has ordered the German conglomerate Bayer CropScience to pay $1.5 million to farmers in Arkansas and Mississippi whose rice seed was contaminated with a genetically altered strain. Read more...

G-7 seeks to calm global markets, sustain rebound

12:22 AM - Top finance officials of the seven major industrial countries sought to calm jittery markets by pledging Saturday to keep providing government aid to sustain a fledgling economic rebound. Read more...

PayPal halts certain payment transactions in India

12:23 AM - The online payments service PayPal has taken the unusual step of suspending many transactions in India for more than a week. Read more...

This year’s Super Bowl ads go goofy and frugal

11:08 PM - Super Bowl ads are returning to their goofy roots. Read more...

Plant in Alabama stops taking coal ash drainage

11:17 PM - The Tennessee Valley Authority’s cleanup of a December 2008 coal ash spill at its Kingston plant has hit a snag 500 miles away, just before the treated wastewater reaches Mobile Bay. Read more...

Toyota woes mount as government examines Prius brakes

08:47 AM - Toyota faced mounting pressure Thursday as the government opened a probe of brake problems with the Prius, a crown jewel of its lineup. Read more...

Bredesen announces $35M expansion of Clinton-based company to supply Chattanooga Volkswagen plant

10:36 AM - Announcement comes on the heels of Volkswagen Group's decision to award SL Tennessee a contract to supply automatic shifter assemblies for Volkswagen's new midsize sedan slated to begin production in 2011 in Chattanooga. Read more...

Dream job for Gen Y voice?

08:44 AM - ORNL Federal Credit Union is looking for the voice of Tennessee's 18-25 crowd. Read more...

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