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SEC Focusing On Offshore Cash Disclosure: Sources - FT

DOW JONES NEWSWIRES The U.S. Securities and Exchange Commission is focusing on the issue of overseas cash after new disclosures at Microsoft Corp. (MSFT) and Google Inc. (GOOG) earlier this year raised interest in the matter, the Financial Times reported Monday on its website, citing unnamed sources. The SEC has asked companies--including Dow Chemical Co. (DOW), Fortune Brands Inc. (FO), Caterpillar Inc. (CAT) and CIT Group Inc. (CIT)--to increase the information they give investors about their overseas earnings and cash, the report said, without directly citing a source. There is currently no fixed rule for companies to disclose details of how much they hold overseas, but the SEC's move comes amid concerns that a tax on income generated overseas and brought home might potentially lead companies to favor overseas investments, the report said. Full Story: http://www.ft.com/intl/cms/s/0/462980ea-e2c9-11e0-897a-00144feabdc0.html#axzz1YTp8Tvxr

Stock News for Cit Group (CIT)
DateTimeHeadline
08/30/201608:30:00CIT Appoints James J. Duffy as Executive Vice President and Chief...
08/29/201608:30:00CIT Serves as Sole Lead Arranger for $61.8 Million Acquisition...
08/22/201608:30:00CIT Aerospace Signs 39 Agreements Related to the Lease of Commercial...
08/15/201607:36:56Quarterly Report (10-q)
08/11/201608:30:00CIT Commercial Services Appoints Darrin Beer as Western Regional...
08/09/201617:08:31Notification That Quarterly Report Will Be Submitted Late (nt...
08/08/201608:30:00CIT Provides $100,000 to Los Angeles Latino Chamber of Commerce...
08/05/201610:37:49Statement of Changes in Beneficial Ownership (4)
08/03/201608:30:00CIT Provides $23 Million Financing to Lighthouse eDiscovery
08/02/201616:09:31Statement of Changes in Beneficial Ownership (4)
08/02/201616:09:04Statement of Changes in Beneficial Ownership (4)
07/28/201610:30:00CIT Says Fed Objected to Its Capital Plan
07/28/201606:30:00CIT Reports Second Quarter 2016 Net Income of $14 Million ($0.07...
07/19/201617:05:20Current Report Filing (8-k)
07/19/201614:30:00CIT Declares Quarterly Dividend
07/15/201608:30:00CIT to Announce Second Quarter 2016 Financial Results on Thursday...
07/14/201608:30:00CIT Provides $34 Million of Senior Secured Credit Facilities...
07/12/201608:30:00CIT Provides $40.2 Million Financing to BKM Capital Partners...
07/11/201608:37:42Current Report Filing (8-k)
07/07/201608:30:00Retailers Invest in E-Commerce in Response to Changes in Consumer...

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