Stocks in the news: CIT, Hasbro, Human Genome, Cisco

CIT Group Inc.'s (CIT) board approved a deal late Sunday with major bondholders -- including bond manager Pimco -- to keep the company out of bankruptcy with a $3 billion rescue loan, according to the New York Times. The deal will buy CIT some time to restructure and reduce its debt load, after it failed to get help from the federal government. CIT shares jumped 80 percent in pre-market trading.

Hasbro (HAS) reported a 5 percent rise in second-quarter profit to $39.3 million, or 26 cents per share, beating expectations of 23 cents per share, as strong sales of Transformers and G.I. Joe toys helped offset the stronger dollar. Revenue edged up 1 percent to $792.2 million, below estimates of $797.1 million. Shares were up nearly 4 percent ahead of the bell.