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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
02/23/201716:15:59Statement of Changes in Beneficial Ownership (4)
02/21/201716:05:23Initial Statement of Beneficial Ownership (3)
02/21/201710:00:00CIT Bank Recognized as one of the Best Online Banks By GOBankingRates...
02/17/201713:00:00CIT and the USC Cecil Murray Center for Community Engagement...
02/14/201718:02:54Current Report Filing (8-k)
02/14/201716:30:00CIT Names Dorene Dominguez to Board of Directors
02/14/201714:46:50Statement of Ownership (sc 13g)
02/14/201710:58:05Statement of Ownership (sc 13g)
02/13/201716:40:45Amended Statement of Ownership (sc 13g/a)
02/13/201713:00:00CIT Provides Grant To Junior Achievement Of Southern California...
02/10/201708:57:00Amended Statement of Ownership (sc 13g/a)
02/07/201716:05:10Statement of Changes in Beneficial Ownership (4)
02/06/201716:09:53Statement of Changes in Beneficial Ownership (4)
02/06/201713:00:00CIT Selected as Sole Provider of Factoring Services to AG Adriano...
02/03/201717:29:26Amended Statement of Ownership (sc 13g/a)
02/03/201717:05:38Statement of Changes in Beneficial Ownership (4)
02/03/201717:04:45Statement of Changes in Beneficial Ownership (4)
02/03/201716:56:31Statement of Changes in Beneficial Ownership (4)
02/03/201716:53:54Statement of Changes in Beneficial Ownership (4)
02/03/201716:53:30Statement of Changes in Beneficial Ownership (4)

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