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Chinese coal equipment fraud burns almost 10% off Caterpillar's 2012 earnings

Frik Els | January 19, 2013 | 8:07 pm Energy China Coal 

Caterpillar Inc. (NYSE:CAT) announced late on Friday that it will take a charge of $580 million related to accounting fraud at a recently acquired Chinese company. Caterpillar – the world's largest heavy equipment manufacturer – said it was writing down...

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