Caterpillar (CAT) Investigation Finds More Roaches in China

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Caterpillar (CAT) Discovers Accounting Fraud at Chinese Unit Siwei

January 22, 2013 7:52 AM EST

Caterpillar, Inc. (NYSE: CAT) is indicated to open 1.7 percent lower Tuesday after disclosing accounting misconduct at recently acquired Chinese unit, Siwei, that will cost the company $580 million.

The construction equipment giant said and internal investigation of its recently acquired company, ERA Mining Machinery... More