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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)
06/15/201608:30:00CIT Announces Expanded, Full-Market Coverage for Restaurant Franchise...
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05/26/201607:47:16Statement of Changes in Beneficial Ownership (4)
05/19/201616:33:05Statement of Changes in Beneficial Ownership (4)
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05/17/201616:29:58Current Report Filing (8-k)
05/16/201615:33:14Statement of Changes in Beneficial Ownership (4)
05/16/201615:32:23Statement of Changes in Beneficial Ownership (4)
05/16/201615:31:29Statement of Changes in Beneficial Ownership (4)
05/16/201615:30:12Statement of Changes in Beneficial Ownership (4)
05/16/201615:29:48Statement of Changes in Beneficial Ownership (4)
05/16/201615:28:55Statement of Changes in Beneficial Ownership (4)
05/16/201615:28:30Statement of Changes in Beneficial Ownership (4)
05/16/201615:27:36Statement of Changes in Beneficial Ownership (4)
05/16/201615:26:18Statement of Changes in Beneficial Ownership (4)
05/12/201616:34:51Statement of Changes in Beneficial Ownership (4)
05/12/201616:33:59Initial Statement of Beneficial Ownership (3)

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