- The company faced charges in 2007 following Cyclone George.

Other headlines for [FMG.AU]

• FMG.AU Yesterday 06:03pm
  Fortescue Metals Suspends long-term shipping contracts- Cites unexpected circumstances. - Expects CFR sales to decline to 1/3 of shipments.
  
• Yesterday 01:12am
  (CH) Article in the Australian Financial Review comments on China's slowing growth- The article cites research from Citigroup's Head of China Research who notes that Western observers may be more...
  
• FMG.AU 11/30/2008 11:03pm
  Fortescue Metals Unaware of reason for increase in share price, not in any talks that could be considered complete- Fortescue shares hit a high of A$2.93 on rumours that BHP Billiton Ltd BHP.AX BLT.L might make a more...
  
• FMG.AU 11/30/2008 10:49pm
  Fortescue Metals Shares are sharply higher on speculation that OAO Magnitogorsk Iron & Steel completed its stake sale
  
• FMG.AU 11/25/2008 11:16pm
  Fortescue Metals Ends port shut down; company's 2008 shipping target is 15-16M tons and its mining target is still around 20M- The company plans to now resume loading - Note: Back on 11/9, the company cut its 2008 more...
  

Industrials sector headlines

• DAI.GE Today 08:48am
  Daimler Reports Nov Mercedes Benz sales at 74.4K units -27% y/y- 11-month sales -4.1% y/y
  
• WAT Today 08:17am
  Waters Corp Price target cut to $50 from $62 at Merrill Lynch
  
• PLL Today 08:16am
  Pall Corp Price target cut to $32 from $36 at Merrill Lynch
  
• MTD Today 08:16am
  Mettler-Toledo International I Price target cut to $95 from $111 at Merrill Lynch
  
• CMI Today 08:02am
  Cummins Inc To cut at least 500 jobs (about 3.5% of workforce); cites global slowdown- Reduction by end of the year; cites deterioration in US economy and many other key markets - Decided to offer voluntary more...