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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
02/10/201608:00:17Statement of Changes in Beneficial Ownership (4)
02/10/201607:59:15Amended Statement of Changes in Beneficial Ownership (4/a)
02/04/201617:22:48Statement of Changes in Beneficial Ownership (4)
02/04/201617:22:20Statement of Changes in Beneficial Ownership (4)
02/04/201617:21:57Statement of Changes in Beneficial Ownership (4)
02/04/201617:21:03Statement of Changes in Beneficial Ownership (4)
02/04/201617:20:08Amended Statement of Changes in Beneficial Ownership (4/a)
02/04/201610:56:58Statement of Changes in Beneficial Ownership (4)
02/02/201617:14:37Statement of Changes in Beneficial Ownership (4)
02/02/201617:13:45Statement of Changes in Beneficial Ownership (4)
02/02/201617:12:34Statement of Changes in Beneficial Ownership (4)
02/02/201617:10:46Statement of Changes in Beneficial Ownership (4)
02/02/201617:08:12Statement of Changes in Beneficial Ownership (4)
02/02/201617:03:20Statement of Changes in Beneficial Ownership (4)
02/02/201617:02:28Statement of Changes in Beneficial Ownership (4)
02/02/201617:01:36Statement of Changes in Beneficial Ownership (4)
02/02/201616:59:56Statement of Changes in Beneficial Ownership (4)
02/02/201616:58:37Statement of Changes in Beneficial Ownership (4)
02/02/201615:54:51Amended Statement of Ownership (sc 13g/a)
02/02/201608:20:00CIT Misses Expectations Amid Restructuring Costs

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