Home Caterpillar writes off most of China deal after fraud
 

Keywords :   


Caterpillar writes off most of China deal after fraud

2013-01-19 04:40:00| IT Services - Topix.net

Caterpillar Inc uncovered "deliberate, multi-year, coordinated accounting misconduct" at a subsidiary of a Chinese company it acquired last summer, leading it to write off most of the value of the deal and wiping out more than half its expected earnings for the fourth quarter of 2012.

Tags: china deal fraud writes

Category:Information Technology

Latest from this category

All news

»
23.11 SP 4
23.1122SSS64UL-S
23.11
23.11725 TYPE H
23.11 3
23.11 Studiologic NumaCompact2
23.11Switch EL Pro
23.11 22
More »