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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:

Stock News for Cit Group (CIT)
11/20/201516:10:26Initial Statement of Beneficial Ownership (3)
11/18/201517:30:38Current Report Filing (8-k)
11/17/201516:30:00CIT Appoints Ed Sperling Corporate Controller
11/17/201508:30:00CIT Serves as Sole Lead Arranger in $325 Million Financing of...
11/13/201517:16:40Quarterly Report (10-q)
11/12/201508:30:10Prospectus Filed Pursuant to Rule 424(b)(7) (424b7)
11/11/201508:30:00Retailers See Promise Across All Channels; Innovation Will Be...
11/10/201508:30:00CIT Provides Financing to Bridge Development Partners
11/09/201517:15:48Notification That Quarterly Report Will Be Submitted Late (nt...
11/05/201516:19:58Statement of Changes in Beneficial Ownership (4)
11/05/201516:19:58Statement of Changes in Beneficial Ownership (4)
11/03/201508:30:00CIT Reports Jump in Profit Following OneWest Acquisition
11/03/201507:09:09Prospectus Filed Pursuant to Rule 424(b)(7) (424b7)
11/03/201506:45:43Current Report Filing (8-k)
11/03/201506:30:00CIT Reports Third Quarter 2015 Net Income of $693 Million ($3.61...
10/29/201508:30:00Middle Market Executives Judge Economy on Personal Observation...
10/27/201508:30:00CIT Serves as Joint Lead Arranger in Senior Secured Financing...
10/23/201516:29:41Current Report Filing (8-k)
10/21/201517:20:00CIT CEO John Thain to Retire
10/21/201517:03:00CIT CEO John Thain to Retire -- Update

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