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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
07/02/201516:00:00CIT to Announce Second Quarter 2015 Financial Results on Tuesday...
07/02/201509:27:50Statement of Changes in Beneficial Ownership (4)
06/25/201508:30:00CIT Provides $75 Million Financing to AES Distributed Energy
06/18/201508:30:00CIT Provides Financing to Bridge Development Partners
06/15/201502:00:00CIT Selects the V2500® Engine for A321ceo Order
06/03/201508:30:00CIT Provides $29.5 Million Financing to Real Properties Health...
06/02/201515:00:05Midsize Banks Approach Stress Test Deadline
06/02/201514:46:47Statement of Changes in Beneficial Ownership (4)
05/31/201522:19:58GE Launches Bidding for Some Commercial-Lending Operations
05/31/201515:13:10GE Launches Bidding Process for $40 Billion in Commercial-Lending...
05/20/201508:30:00CIT Provides $40 Million Financing to Towerbrook Capital Partners...
05/19/201508:30:00Are Middle Market Companies Doing Enough to Hedge Their Interest...
05/18/201514:34:28Statement of Changes in Beneficial Ownership (4)
05/18/201514:34:01Statement of Changes in Beneficial Ownership (4)
05/18/201514:33:08Statement of Changes in Beneficial Ownership (4)
05/18/201514:32:42Statement of Changes in Beneficial Ownership (4)
05/18/201514:12:53Statement of Changes in Beneficial Ownership (4)
05/18/201514:11:29Statement of Changes in Beneficial Ownership (4)
05/18/201514:10:53Statement of Changes in Beneficial Ownership (4)
05/18/201514:06:04Statement of Changes in Beneficial Ownership (4)

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