Saturday, January 19, 2013


...its as if the entire world knows the problem...and capital is flowing surreptitiously to other jurisdictions and continents.

(Reuters) - 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 wipe out half a quarter's profits.

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