UPDATE: James Hardie Under Fire Over Asbestos Shortfall
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SYDNEY (Dow Jones)--Australian building materials group James Hardie Industries NV (JHX) came under fire Wednesday from disgruntled shareholders and union groups
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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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SYDNEY (Dow Jones)--James Hardie Industries NV (JHX) said Monday it is willing to help the medical fund it established to pay victims of asbestos-related illnesses avert a liquidity crisis.
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Building products company James Hardie Industries has struck Australia&#39;s largest personal injury deal, agreeing to pay asbestos victims more than $1 billion over the next 40 years.
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ABB yesterday tried to play down an appeals court setback that could derail its $1.2bn US asbestos liability settlement. Shares in the Swiss-Swedish engineering
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Tens of thousands of trade unionists participated in rallies in Sydney, Melbourne and Brisbane on September 15 to demand that the James Hardie company, which dominated the Australian market for asbestos products throughout the 20th century, pay full
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James Hardie Industries NV, facing aA$1.2 billion ($880 million) bill to compensate asbestos victims, said Chief Executive Officer Peter Macdonald quit, a month after an inquiry found he misled investors about the costs.
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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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JAMES Hardie executives face criminal charges over the company&#39;s 2001 move to the Netherlands after a government commission found the building company underprovided a fund for asbestos victims by up to $2 billion.
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WR Grace &amp; Co., which filed for bankruptcy in 2001 because of thousands of asbestos-related claims, said it may be indicted in a probe of environmental violations and obstruction of government proceedings at a Montana mine.
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JAMES Hardie chief Peter Macdonald lied to dying asbestos victims, misled his company and fed untruths to the stock exchange, a six-month inquiry has found.
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WEST Yorkshire firm N G Bailey has launched an investigation after internet site YouTube showed footage of a worker having his feet set on fire while wrapped in plastic.  (c) 2007 Liverpool Echo. Provided by ProQuest Information and Learning.
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SYDNEY - James Hardie Industries yesterday agreed to pay A$1.5 billion ($1.6 billion) in compensation to people with asbestos-related diseases.
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Australian building products group, James Hardie, agrees to pay $1.1bn to sufferers of asbestos-related diseases.
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Business & money: Â·  Ronald Cohen attacked over comments on tax Â·  Buyout firms to face grilling by MPs this week
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JAMES Hardie would face possible litigation if it did not ensure asbestos victims were adequately compensated, the ACTU said today.
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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.