James Hardie News
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Most Asian stocks climbed after the European Central Bank cut interest rates to a record low and U.S. jobless claims fell to the lowest in five years.
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Asian shares outside Japan rebounded this week as U.S. economic reports showed signs of recovery in the world’s biggest economy, even as concern mounted that Europe’s sovereign debt crisis is worsening.
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Asian shares rose after U.S. home prices climbed the most since 2006 and orders for durable goods beat estimates. Gains by Japanese shares were limited as about 80 percent of the companies in the Topix Index traded without rights to a dividend today.
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Asian stocks climbed, with the regional benchmark index rising after two days of losses, amid speculation central bankers will continue stimulus measures and as China maintained its economic-growth target for 2013.
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James Hardie Industries , the biggest seller of home siding in the U.S., lost a dispute with the Australian Tax Office over claims it owes A$459 million ($412 million) in back taxes, interest and penalties.
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An Australian appeals court set aside fines and suspensions levied on James Hardie Industries NV former non-executive directors over a misleading statement the company issued regarding compensation for asbestos victims.
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James Hardie Industries , the biggest seller of home siding in the U.S., said it will appeal an Australian federal court ruling saying it owes back taxes on a A$478 million ($449 million) gain from a 1999 reorganization.
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Asian stocks rose, with the regional benchmark index heading for its biggest jump in more than five months, after U.S. economic data bolstered confidence in the global recovery and as Japanese Prime Minister Shinzo Abe nominated a new central bank governor.
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James Hardie Industries , the biggest seller of home siding in the U.S., lost a dispute with the Australian Tax Office over claims it owes A$459 million ($412 million) in back taxes, interest and penalties.
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