Asbestos trust could stop all funds
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THOUSANDS of current and future asbestos disease victims could miss out on compensation after the foundation James Hardie Industries set up for the purpose yesterday said it might have to wind up within weeks.
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The outlook dimmed for establishing  a fund to compensate asbestos victims this year after the  Senate majority leader on Monday left it off a list of  priorities for the few days left in the legislative period.
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Several major corporations, including one forced into bankruptcy because of asbestos litigation, are opposing a plan by congressional Republicans that would ban asbestos liability lawsuits in exchange for a multibillion-dollar compensation fund.
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Estate planning won't take care of itself, take the time.
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Senate Judiciary Committee Chairman  Arlen Specter said on Wednesday he was proposing a $140 billion  trust fund to compensate asbestos victims.
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Business & money: Royal Institution of Chartered Surveyors suggests loophole in rules means that homeowners could avoid providing a pack.
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James Hardie Industries NV underfunded a trust to compensate asbestos victims by at least A$1.5 billion ($1.1 billion) and misled investors when it said it had set aside enough money
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Inflation gone amok can erase even the greatest fortunes.
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The reorganization plan filed by WR Grace &amp; Co. in its Chapter 11 bankruptcy case includes a proposal to establish a trust to handle a variety of asbestos claims against the chemical manufacturer.
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Beware of interest-only mortgages and other extreme loans.
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An estate agent cleared of money-laundering charges says the incident has left him financially ruined.
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SYDNEY: James Hardie said today it has signed an initial agreement with unions and asbestos sufferers groups to set up a special purpose fund to support asbestos disease sufferers and their bereaved families.
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ELEANOR HALL: Talks aimed at finding a long term solution for James Hardie&#39;s asbestos victims are set to restart today. But there seems to be little hope that the sides will find agreement soon on meeting
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The Securities and Exchange Commission yesterday ordered mutual funds to stop paying higher commissions to brokers who promote the companies&#39; funds. The agency also required portfolio managers to reveal investments in funds they ...
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The AFL-CIO labor group is "deeply  disturbed" by calls from some senators and business interests  to reopen parts of a plan to create an asbestos compensation  fund, the organization's legislative director William Samuel  wrote in a letter released on Wednesday.
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Just when I thought it might be winding down, the mutual fund scandal is back to rear its ugly head. Yesterday, Franklin Resources (NYSE: BEN), parent of the Franklin Templeton
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A US appeals court on Thursday turned down ABB&#39;s (ABBN.VX: Quote, Profile, Research) (ABB.N: Quote, Profile, Research) proposed $1.2 billion settlement of an asbestos lawsuit involving the Swiss engineering group&#39;s Combustion