Hardie inks $1bn compensation deal
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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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JAMES Hardie would face possible litigation if it did not ensure asbestos victims were adequately compensated, the ACTU said today.
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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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Drugs giant GlaxoSmithKline agrees to pay out a record $3.1bn to end a tax row with the US government.
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Business & money: London-based miner says the aluminium producer's board has agreed its $38.1bn offer.
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The automaker will take $1 billion charge and pay a total of $7 billion to cover retirement costs for workers at the Delphi Corporation.
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The business racked up nearly $1 billion in losses since 2001.
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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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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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Directors at the UK's top 100 companies have built up a pension pot worth a total of Â£1m, the TUC claims.
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James Hardie Industries NV , the biggest US home siding maker, said on Tuesday 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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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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A fund set up by James Hardie Industries NV to compensate asbestos victims will apply for a liquidator to be appointed, setting a one-week deadline for the company to top up the fund or face the threat of legal action.
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Stephen Richards will pay more than $29 million in restitution as part of an accounting fraud at the company.
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Business & money: Â·  Payout comes despite claims of price-fixing Â·  Airline cites 'contractual obligations' for move
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There&#39;s a price on James Bond&#39;s head and it could be $1bn (NZ$1.5bn), making him one of the most valuable cinema properties on earth.
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The government was said to have pledged to provide BAe Systems with $1.6 billion in compensation should Saudi Arabia collapse.