Caterpillar has just written off $580 million after acquisition of Chinese company turns sour.  In a statement, Caterpillar said an ongoing investigation launched after the deal closed “determined several Siwei senior managers engaged in deliberate misconduct beginning several years prior to Caterpillar’s acquisition of Siwei.”  Philip Anshutz, the mega US billionaire, has pulled out of ownership of stadiums in China because he could not get his profits out of the country.  Buyers beware.  Article