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Stock Market & Financial Investment News

News Breaks
July 2, 2014
06:25 EDTCAT, CYDChina Yuchai to acquire full control of remanufacturing JV
China Yuchai (CYD) announced that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited, or GYMCL, has entered into an equity transfer agreement to restructure the ownership of its joint venture company - Yuchai Remanufacturing Services (Suzhou) Co., Ltd., or YRC. Pursuant to the agreement, Caterpillar Investment (CAT) will transfer its entire 49% equity ownership in YRC to GYMCL, bringing GYMCL's equity ownership to 100%. As a result, YRC will become a wholly-owned subsidiary of GYMCL. No financial terms are disclosed, as the total consideration is nominal to China Yuchai's balance sheet. The transaction is subject to approval by the Suzhou Bureau of Commerce.
News For CYD;CAT From The Last 14 Days
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March 5, 2015
07:32 EDTCATCaterpillar and Uptake partner to create analytics solutions
Caterpillar has entered into a technology and predictive analytics agreement with Uptake, provider of an analytics and insight platform for a wide array of industries, based in Chicago, Illinois. Caterpillar has made a minority investment in Uptake and will jointly develop an end-to-end platform for predictive diagnostics to help Caterpillar customers monitor and optimize their fleets more effectively.
March 3, 2015
07:28 EDTCATEvercore ISI to hold a conference
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February 26, 2015
05:35 EDTCYDChina Yuchai reports Q4 total engines sold down 15.8% to 93,094 units
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05:35 EDTCYDChina Yuchai reports Q4 EPS $.103, one estimate 52c
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