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).

McDermott agrees to revised asbestos deal (CBS Market Watch)
SAN FRANCISCO (MarketWatch) -- McDermott International Inc. on Monday reached a revised settlement with groups representing asbestos claimants in the bankruptcy proceedings of its subsidiary, Babcock & Wilcox.

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.