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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
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...
07/06/201617:09:40Initial Statement of Beneficial Ownership (3)
07/05/201616:24:15Statement of Changes in Beneficial Ownership (4)
07/05/201616:23:25Amended Statement of Beneficial Ownership (3/a)
07/01/201616:28:12Current Report Filing (8-k)
07/01/201609:45:00U.S. Hot Stocks: Hot Stocks to Watch
06/30/201617:11:00CIT Files Initial Form 10 Registration Statement in Conjunction...
06/30/201609:39:00U.S. Hot Stocks: Hot Stocks to Watch
06/29/201616:35:00CIT Announces Sale of Canadian Equipment Finance and Corporate...
06/28/201616:21:00Supreme Court Agrees to Hear Case Questioning Order Creditors...
06/15/201608:30:00CIT Announces Expanded, Full-Market Coverage for Restaurant Franchise...
06/13/201608:30:00CIT Bank Provides $100,000 Grant to COR Community Development...
06/08/201608:30:00Employment Growth Supports Commercial Real Estate Amid Regulatory...
05/26/201608:30:00CIT Provides $35 Million Financing for the Bascom Group and Oaktree

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