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Caterpillar taking charge for China mismanagement

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PEORIA, Ill. (AP) — Caterpillar Inc. said Friday that it found deliberate "accounting misconduct" at a recently acquired company in China. The U.S. based construction and mining equipment company has removed several managers at the company and will take a non-cash $580 million charge in the fourth quarter tied to the misconduct. Caterpillar said that an internal investigation of coal mining...

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