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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
05/05/201616:46:07Statement of Changes in Beneficial Ownership (4)
05/05/201616:45:16Statement of Changes in Beneficial Ownership (4)
05/05/201616:43:29Statement of Changes in Beneficial Ownership (4)
05/03/201611:23:22Statement of Changes in Beneficial Ownership (4)
05/03/201611:22:30Initial Statement of Beneficial Ownership (3)
05/03/201608:30:00CIT Appoints Denise M. Menelly Executive Vice President and Head...
05/02/201608:30:00CIT Capital Equipment Finance Continues to Grow with Appointment...
04/28/201606:36:30Current Report Filing (8-k)
04/28/201606:30:00CIT Reports First Quarter 2016 Net Income of $147 Million ($0.73...
04/25/201608:45:00Healthcare Executives Have a Positive Outlook for 2016
04/25/201608:30:00CIT Appoints John C. Erickson President of Consumer Banking and...
04/19/201617:27:41Current Report Filing (8-k)
04/19/201612:01:00CIT Declares Quarterly Dividend
04/14/201608:30:00CIT to Announce First Quarter 2016 Financial Results on Thursday...
04/11/201616:21:34Proxy Statement (definitive) (def 14a)
03/23/201608:20:00CIT Group to Focus on Commercial Businesses
03/23/201606:39:17Current Report Filing (8-k)
03/23/201606:30:00CIT Provides Update on Strategic Plan – Creating a Leading N...
03/21/201617:29:29Current Report Filing (8-k)
03/21/201616:20:00CIT Chief John Thain Takes 9% Pay Cut on His Way Out

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