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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)
10/19/201614:20:00Terra Firma Aims to Sell AWAS Aircraft Leasing Early Next Year
10/18/201617:14:55Current Report Filing (8-k)
10/18/201616:32:33Initial Statement of Beneficial Ownership (3)
10/18/201616:30:00CIT Declares Quarterly Dividend
10/17/201608:30:00CIT Provides $26.3 Million Acquisition Financing to Shopoff Realty...
10/12/201616:50:29Current Report Filing (8-k)
10/12/201608:30:00CIT to Announce Third Quarter 2016 Financial Results on Tuesday...
10/07/201606:08:02Current Report Filing (8-k)
10/06/201618:40:00CIT to Sell Commercial Aircraft Leasing Unit
10/06/201617:08:00CIT Announces Definitive Agreement to Sell CIT Commercial Air...
10/03/201608:30:00CIT Completes Sale of Canadian Equipment Finance and Corporate...
09/29/201608:30:00CIT Serves as Sole Lead Arranger of Financing for ICONIQ’s E...
09/27/201617:16:37Securities Registration: Employee Benefit Plan (s-8)
09/26/201617:26:58Current Report Filing (8-k)
09/26/201606:00:00New-Technology Aircraft Create Revenue Opportunities and Reduce...
09/22/201608:30:00CIT Provides $35 Million Financing for Mesa Airlines
09/21/201608:30:00CIT Franchise Finance Expands Mid-Cap Restaurant Sales Team
09/15/201608:30:00CIT Serves as Lead Arranger and Administrative Agent for $242...
09/13/201608:30:00CIT Appoints Stuart Alderoty as Executive Vice President, General...
09/08/201608:30:00CIT Appoints Michael Jones Managing Director of CIT Equipment...

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