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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
04/15/201508:30:00Middle Market Healthcare Executives Optimistic for 2015
04/13/201508:30:00Now Streaming: Entertainment Media Consumption
04/02/201516:17:14Proxy Statement (definitive) (def 14a)
04/02/201508:48:48CIT Group bullish on its aircraft leasing business
04/02/201508:30:00CIT to Announce First Quarter 2015 Financial Results on Tuesday...
04/02/201508:00:00CIT Orders Five Additional A321ceo Aircraft
03/24/201508:30:00CIT Appoints Eric Miller Group Head of CIT Capital Equipment...
03/23/201508:30:00Private Equity Gearing up for Exits
03/11/201508:02:00Compass Datacenters Adds $25 Million To Its Credit Facility To...
03/10/201522:50:10Jet Buyers Want Boeing, Airbus to Focus on Current Planes
03/09/201508:30:00CIT Provides $44.8 Million Financing to Joint Venture between...
03/02/201508:30:00CIT Serves as Sole Lead Arranger in $210 Million Acquisition...
02/26/201520:07:03J.P. Morgan Emerges as CEO Breeding Ground
02/26/201518:48:36Thain Says CIT's Acquisition Wouldn't Make the Bank Too Big to...
02/23/201517:33:42Statement of Changes in Beneficial Ownership (4)
02/23/201507:47:27Statement of Changes in Beneficial Ownership (4)
02/23/201507:46:46Statement of Changes in Beneficial Ownership (4)
02/23/201507:46:07Statement of Changes in Beneficial Ownership (4)
02/23/201507:44:39Statement of Changes in Beneficial Ownership (4)
02/23/201507:43:19Statement of Changes in Beneficial Ownership (4)

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