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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
12/08/201607:10:52Current Report Filing (8-k)
12/08/201606:30:00CIT Announces Exchange Offer for Its 5.000% Senior Unsecured...
12/07/201606:35:35Current Report Filing (8-k)
12/02/201616:54:06Current Report Filing (8-k)
12/02/201610:10:00Mnuchin Leaves CIT Board
12/02/201608:30:00CIT Announces Resignation of Steven T. Mnuchin from Board of...
12/01/201617:08:18Statement of Changes in Beneficial Ownership (4)
12/01/201608:20:00Mnuchin Made Millions From Financial Crisis
12/01/201602:30:00Trump's Treasury Choice Says 'No Absolute Tax Cut' for the Wealthy
11/30/201609:20:00Treasury Choice Steven Mnuchin Vows to 'Strip Back' Dodd-Frank
11/30/201608:30:00CIT Appoints Steve Solk President of Consumer Banking
11/29/201619:10:00Trump Plans to Name Steven Mnuchin as Treasury Secretary
11/29/201608:30:00Middle Market Companies Actively Pursuing Growth Strategies
11/22/201608:30:00Middle Market Retailers Optimistic for Holiday Season as Black...
11/21/201617:23:38Statement of Changes in Beneficial Ownership (4)
11/18/201614:52:24Initial Statement of Beneficial Ownership (3)
11/17/201616:42:30Statement of Changes in Beneficial Ownership (4)
11/16/201616:18:58Statement of Changes in Beneficial Ownership (4)
11/16/201616:17:38Statement of Changes in Beneficial Ownership (4)
11/16/201609:50:00Upland Software Announces Expanded $90 Million Credit Facility...

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