UPDATE 3-Federal-Mogul raps asbestos compensation fund

Newswire

(Recasts lead, adds comment, details) By Susan Cornwell WASHINGTON, April 27 (Reuters) - A struggling U.S. Senate proposal for an asbestos compensation fund suffered another blow on Tuesday after the company expected to make the biggest contribution said it couldn't afford it. Auto parts maker Federal-Mogul Corp. said its planned payment was unjust considering other companies, such as Halliburton Co. , had larger asbestos liabilities. It asked that its proposed contribution be reduced. ...

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