James Hardie Agrees to Cover A$1.5 Bn Asbestos Claims
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James Hardie Industries NV, Australia&#39;s fourth-biggest building materials maker, agreed to cover an estimated A$1.5 billion ($1.1 billion) shortfall in compensation for sufferers of asbestos diseases.
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IBM on Wednesday said it has settled  portions of an ongoing lawsuit related to its pension plan and  said the potential liability for the other claims that remain  on appeal is capped at $1.4 billion.
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PETER CAVE: The disgraced building products firm James Hardie has revealed softer first half profits as a result of costs related to an inquiry into its asbestos compensation fund.
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Meredith Hellicar, chairman, and Peter Macdonald, chief executive of James Hardie Industries NV, speak on a teleconference from Sydney about the company&#39;s responsibilities to asbestos victims.
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Massachusetts gets a $5 million settlement as the fund firm admits that an investor engaged in market timing.
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MAXINE MCKEW: The two men blamed for James Hardie&#39;s billion dollar asbestos shortfall have quit the company. But the move, which should have won James Hardie public support, has instead provoked outrage.
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JAMES Hardie Industries NV today said it was closer to signing off on a compensation agreement for future asbestos victims. But the building products group has refused to say whether the agreement - potentially
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A compensation fund for Australian asbestos victims of embattled James Hardie Industries NV said it was filing for liquidation, rejecting a last-minute multi-million dollar cash injection.
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(Adds details of funding proposal and company comments.) By Morag MacKinnon Of DOW JONES NEWSWIRES. SYDNEY (Dow Jones)--Building products manufacturer James Hardie Industries NV (JHX) agreed Tuesday to fund
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The owners of a Chinese restaurant are ordered to repay Â£1.5m after carrying out money laundering.
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Troubled engineering giant Halliburton has won a US court order approving the settlement of asbestos claims by the end of the month.
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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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Company's distribution includes 1.5 million shares for Chief Executive John Chambers.
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The ACTU yesterday accused James Hardie of immoral and disgusting behaviour for allowing funds to compensate victims of asbestos-related diseases to run dangerously low.
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MORE than 20,000 workers and victims rallied across Australia today, pledging to force James Hardie Industries to meet its responsibilities to those suffering asbestos related diseases.
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Shares in James Hardie Industries NV rallied on news that two key executives will stand aside, rather than resign, over the company&#39;s underfunding of asbestos compensation.
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ELEANOR HALL: Talks began today between the former asbestos maker James Hardie, the ACTU and asbestos support groups aimed at reaching a deal to compensate thousands of future victims of the company&#39;s products.