Industry News

Air Lease Corporation is correcting an erroneous media report published this week that Steven Udvar-Házy, the Executive Chairman of the Board of Air Lease Corporation retired on September 1, 2016. As reported on June 17, 2016, the company announced that Mr. Udvar-Házy would become Executive Chairman of the Board on July 1, 2016, a full-time officer role."/>
Steven Udvar-Házy Continues to Serve as Executive Chairman of the Board of Air Lease Corporation
Caterpillar Inc. today announced it is contemplating to allocate the volumes produced at its facility in Gosselies, Belgium, to other manufacturing facilities. The Gosselies plant primarily manufactures construction equipment. This announcement starts an information and consultation process, which could result in the closure of the Gosselies site and a collective lay-off."/>
Caterpillar contemplates allocation of production from Gosselies, Belgium, to other manufacturing facilities
China Yuchai International Limited, a leading manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited, announced today that it had, from January to July 2016, supplied over 700 engines to the bus market in Thailand. The orders were from Shanghai Shenlong Bus Co., Ltd. for export to Thailand. Further to this, another order was received from..."/>
China Yuchai Supplied over 700 Engines to Bus Market in Thailand
Caterpillar to Explore Strategic Alternatives for Certain Mining Products. Company continues restructuring and optimizing manufacturing footprint. PEORIA, Ill.- To focus on those products with the greatest growth potential, Caterpillar Inc. announced today it intends to pursue strategic alternatives, including a possible divestiture, for its room and pillar products, which serve a segment of underground soft rock mining customers."/>
Caterpillar to Explore Strategic Alternatives for Certain Mining Products
Samui eyed as hub for Chinese [Bangkok Post, Thailand]
Equifax, a global information solutions company with headquarters in Atlanta, Ga., today announced the official opening of its second location in Ireland. Officials from Georgia and Ireland, including the Lord Mayor of Dublin Brendan Carr, Minister for Jobs, Enterprise and Innovation Mary Mitchell O'Connor and Atlanta Mayor Kasim Reed, attended opening ceremonies for the new IT Centre. The new office, located in what is referred to as "Dublin's..."/>
Atlanta FinTech Company Equifax Opens Second Location in Dublin With Eye Toward Continued Expansion
Composition of Metso's Nomination Board
Celadon Group Inc on Thursday reported a net income of USD1.6m or USD0.06 earnings per diluted share for the fourth fiscal quarter ended 30 June 2016, decreased by USD10.4m or 86.5% from the net income of USD12.0m or USD0.47 in the same quarter last year. Revenue for the fourth quarter was USD264.3m, up by USD11.0m or 4.3% from the revenue of USD253.3m in the June 2015 fourth fiscal quarter. This was due to freight revenue without fuel surcharges that increased by USD18.4m or 8.2%,..."/>
Celadon Group reports sharply declined net income for fiscal Q4 2016 and announces dividend of USD0.02 per share
Reinsurance Group of America devoted the first sentence of its first-quarter report to "operating income," marked with an asterisk. Net income was relegated to the second sentence."/>
SEC puts limits on rose-colored earnings reports [St. Louis Post-Dispatch]
Caterpillar Inc. today announced it is contemplating to allocate the volumes produced at its facility in Gosselies, Belgium, to other manufacturing facilities. The Gosselies plant primarily manufactures construction equipment. This announcement starts an information and consultation process, which could result in the closure of the Gosselies site and a collective lay-off."/>
Caterpillar contemplates allocation of production from Gosselies, Belgium, to other manufacturing facilities
>RELATED: Financial firm plans to move to downtown Springfield, add 400 jobs."/>
Financial company sees future in technology, downtown Springfield [Dayton Daily News, Ohio]
United gets OK to begin flights to Havana [Chicago Tribune]
Accuride Corp. has entered into a definitive agreement to be acquired by funds managed by US-based private equity firm Crestview Partners for USD 2.58 per share in cash, the company said. The purchase price represents a premium of 55% over Accuride's closing share price on 1 September, and a premium of 66% over the 30- day volume weighted average price as of the same date. Accuride's board of directors..."/>
Crestview Partners to Buy Vehicle Systems Supplier Accuride in USD 124.5m Deal

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