McDermott asbestos deal lifts others facing litigation (CBS Market Watch)
NEW YORK (MarketWatch) - Shares of companies with potential liability to asbestos exposure claims rallied Tuesday after McDermott International reached a tentative deal to start a compensation fund.

McDermott OKs new asbestos deal; shares surge (CBS Market Watch)
SAN FRANCISCO (MarketWatch) -- Shares of McDermott International Inc. jumped higher in pre-open trading Tuesday after it announced it had reached a revised settlement with groups representing asbestos claimants in the bankruptcy proceedings of its subsidiary, Babcock & Wilcox.

Prosecutors say company failed to properly remove asbestos (phillyburbs.com)
PHILADELPHIA - A contractor was charged Tuesday with improperly removing asbestos from homes and businesses and using fake air samples for testing.

(AFX UK Focus) 2005-08-30 14:43 GMT: Equitas announces 300 mln stg in new asbestos settlements UPDATE (Interactive Investor)
(Adds detail, background) LONDON (AFX) - Equitas, the unlisted company set up to settle potentially crippling asbestos-related claims against Lloyds of London insurers, said it has negotiated settlements with a further six policyholders at a cost of 300 mln usd (167 mln stg).

Asbestos fears deepen in Japan with reports of widespread household use (AFP via Yahoo! News)
Health fears over asbestos deepened in Japan as a news report revealed that one in five houses uses roofing tiles containing the material.