James Hardie Earnings to Miss Estimates on Boycott
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James Hardie Industries NV, Australia&#39;s fourth-biggest building materials maker, said full-year profit will miss analysts&#39; estimates because of boycotts by unions protesting the handling of asbestos compensation.
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Business & money: Leading stores forecast shortfall in year's profits after shoppers cut back on festive spending
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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 mixed results in its latest earnings report may get lost in the wording.
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French superstore operator Carrefour SA warned Tuesday it will miss earnings and revenue targets for 2004 as a result of price-cutting campaigns and the &quot;worsening macroeconomic environment.
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Tyson Foods, the worldÂs largest meat processor, said that its earnings would probably be less than expected.
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Earnings can deceive, and James Early explains how.
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Shares in James Hardie Industries have fallen sharply after the embattled building products group posted a 17 percent fall in net profit blamed on the costs of an inquiry into its handling of compensation claims by asbestos victims.
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THERE were grounds to suspend multi-million dollar payouts to departing James Hardie executives, NSW Premier Bob Carr said today. Mr Carr also urged Hugh Morgan, president of the Business Council of Australia
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MCI has reported a $3.4bn (Â£1.8bn) third-quarter loss due mainly to a write-off of the value of its assets. The company&#39;s efforts to recover from its bankruptcy are being hampered by stiff competition in
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Boycott of top companies plotted after last planned day of street protests over disputed election
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Business & money: Â· Angry shareholders fail to block remuneration policy Â· Â£20m cap on individual rewards is removed
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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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Sydney - The head of James Hardie Industries has resigned with a payout of $6.5 million (R40.8 million) in the aftermath of a scandal over the building products group&#39;s efforts to dodge its liabilities to asbestos victims.
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Â· Warders ignore ruling that strike is illegalÂ· More public sector pay rows predicted
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BOYCOTTS of James Hardie building products over the company&#39;s handling of asbestos liabilities were beginning to hurt sales in Australia, the company said today.
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Coca-Cola Co. KO.N on Wednesday said  earnings for the rest of the year would lag Wall Street  expectations because of weakness in key markets, further  highlighting the divergent fortunes of the world's largest soft  drink maker and its top rival, PepsiCo Inc. PEP.N.