Asbestos bill would aid victims, stocks - manufacturers


WASHINGTON, April 26 (Reuters) - Setting up a U.S. fund to pay asbestos claims would mean tens of billions of dollars more in compensation for people made ill by the mineral and a bounce in the stock market for companies now being sued, the head of the National Association of Manufacturers said on Tuesday. The Senate Judiciary Committee was spending the day scrutinizing legislation to establish such a fund with $140 billion in private financing paid over 30 years by corporate America, ...

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