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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
07/22/201421:40:14Bet on Failed Bank IndyMac Creates Windfall
07/22/201409:46:18U.S. Hot Stocks: Hot Stocks to Watch
07/22/201409:09:55MARKET SNAPSHOT: U.S. Stocks: Futures Gain On Inflation Data
07/22/201408:12:35MARKET SNAPSHOT: U.S. Stocks: Futures Rise Ahead Of Inflation...
07/15/201416:36:50Airbus's A330neo Wins Further Orders
04/29/201419:36:31CIT Group Profit Falls -- 3rd Update
04/16/201418:00:20CIT Group Selling Student-Lending Business to Nelnet
01/28/201410:43:46CIT Profit Falls 37% on Tax-Settlement Charge -- 2nd Update
01/28/201408:25:20CIT Profit Falls 37% on Tax-Settlement Charge --Update
12/20/201320:31:40CIT, Tyco Settle Tax Dispute -- Update
12/20/201318:29:33CIT, Tyco Settle Tax Dispute
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30
11/15/201308:53:17D. E. Shaw & Co. LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201308:53:17D. E. Shaw & Co. LP 3Q 13F: Holdings As Of Sep 30
11/15/201308:46:14Glenview Capital Management 3Q 13F: Largest Eliminations
11/15/201308:46:13Glenview Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201308:22:24Janus Capital Management 3Q 13F: Holdings As Of -2-
11/15/201308:22:23Janus Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201308:21:52Janus Capital Management 3Q 13F: Largest Purchases -2-

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