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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 26, 2015
07:25 EDTCATThe Economist to hold a forum
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March 24, 2015
07:28 EDTCATCaterpillar CEO remains confident on China operations, Want China Times says
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March 23, 2015
06:15 EDTCATCaterpillar to eliminate 230 jobs at Joliet plant, WSJ reports
Caterpillar is planning to cut 230 jobs at its plant in Joliet, Illinois and move production of oil pumps and valves to one of its plants in Monterrey, Mexico, The Wall Street Journal reports. Caterpillar says production of struts and hoists cylinders will remain at the Joliet plant, which employs 770 workers. Reference Link
March 19, 2015
13:21 EDTCATCaterpillar heads for test of its 52-week low, levels to watch
Shares were last down over 1.5% to $80.01, off the low of the day at $79.56. At the low of the day, next support is at the 52-week low at $78.19. Resistance is at the high of the day at $80.50.
13:17 EDTCATCaterpillar end market conditions still negative, says Wells Fargo
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09:12 EDTCATCaterpillar reports retail machines sales down 11% in three months end February
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