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.
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.
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.
James Hardie Industries SE , a global building materials maker, reported a 41 percent increase in operating profit in the fourth quarter on strength in its Asia- Pacific operations, and said it plans to buy back shares and resume paying dividends.
James Hardie Industries SE, a global building materials maker, reported a 3 percent decrease in first-quarter operating profit after sales of fiber cement in the U.S. and Europe fell and pulp and freight costs rose.