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Stock Market & Financial Investment News

News Breaks
July 2, 2014
06:25 EDTCYD, CATChina 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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August 20, 2014
10:39 EDTCATCaterpillar data may be negative for shares in short-term, says Wells Fargo
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10:35 EDTCATCaterpillar reported world Machines sales down 9%
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August 11, 2014
06:08 EDTCYDChina Yuchai reports Q2 EPS 72c, one estimate 58c
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August 7, 2014
10:00 EDTCATOn The Fly: Analyst Upgrade Summary
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08:04 EDTCATCaterpillar upgraded to Buy from Neutral at ISI Group
ISI Group upgraded Caterpillar to Buy citing recent share weakness and year-to-date machinery sector underperformance. Price target raised to $113 from $110.

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