Asbestos Cancer Lawsuits | Asbestos cancer lawsuits news

... swissinfo swiss information business culture news informations of switzerland :IN DEPTH - détail Main Page International Swiss Affairs Business Sci & Tech Culture Travel Weather Multimedia Specials Services Search Maps Swisslinks Swisshelpdesk Newsletter Mobile Freemail About us Contact Sitemap Site Help Tuesday 28.02.2006, CET 21:56 Asbestos ruling clears the air for ABB swissinfo February 28, 2006 9:15 PM The asbestos cloud is lifting over ABB (Keystone) A United States federal judge has approved a $1.43-billion deal (SFr1.88 billion) that settles long-running asbestos litigation against the ABB engineering group.

The decision gives the green light for ABB's revised restructuring plan of its US Combustion Engineering subsidiary.

RELATED ITEMS ABB moves back into the black in 2005 ABB asbestos settlement given go ahead Asbestos turns ABB profit into loss And it means that ABB, which is based in Zurich, can now concentrate on developing its core business of power and automation technologies.Claimants still have 30 days to lodge objections to the decision, but the vast majority have already signalled their acceptance of the cash and shares offer.

Tuesday's ruling by a federal judge in a New Jersey court also does not affect separate, but smaller, litigation against ABB's Lummus Global division.The Swiss-Swedish company bought Combustion Engineering, a US firm that had in the 1970s produced asbestos-lined boilers, in 1990 despite pending lawsuits from fo...

... The New Yorker: The Talk of the Town .mmsmall { color: red; font-size:12px; font-weight: bold; position: absolute; top: 18px; } search: THE FINANCIAL PAGE ASBESTOS, INC.

Issue of 2006-03-06Posted 2006-02-27 In the first half of the twentieth century, asbestos was known as the “magic mineral.” Its strength and durability made it ubiquitous in the industrial world, as a flame retardant, insulator, and adhesive.

In the United States alone, it was used in more than three thousand products—acoustic tiles, brake linings, air-conditioning systems, fireproofing.

Unfortunately, asbestos also does enormous damage to the human body.

In the nineteen-twenties, doctors first documented deaths from asbestosis—a scarring of the lungs caused by the inhalation of asbestos fibres—and it later became clear that asbestos was also to blame for a deadly cancer called mesothelioma.

Asbestos manufacturers knew at least some of these risks before the Second World War, but hid them.

This prevarication led to the deaths of tens of thousands of workers.

It also laid the groundwork for one of the costliest legal battles in U.S.

history.

Over the past thirty years, seventy billion dollars has been spent on asbestos litigation, and more than seventy companies have been driven into bankruptcy, and yet it’s far from certain that the guilty have been punished or the victims fairly compensated.

This year, the Senate seemed ready to pas...

... Technical report - Emerging perils: seven things you should be worried about.

The Authority on VoIP, Call Centers, CRM, and Telecom Blogs: Rich Tehrani Tom Keating Greg Galitzine SIPThat Al Bredenberg Call Center/CRM ...more Channels Home Service Provider Enterprise Developer Reseller Government Consumer About TMC Advertise Blogs News Alerts Free eNews Conference Events Publications Whitepapers Content Submission • What's New • Information Technology Web site • Corporate News • Buyers' Guide • Awards/Who's who • Research • Events • Internet Telephony Conference & Expo West • VoIP Developer Conference • Webinars • Publications • Customer Interaction Solutions Magazine • IMS Magazine • Internet Telephony Magazine • SIP Magazine Executive Interviews: • The Boardroom Report • The Executive Suite • TMC Labs • Buyers' Guide • Forums VoIP Forums • General, FAQs, How to • Termination, Origination, Want Ads, Barter • Asterisk Forum : User Community • Sipura Technology Forum : User Community • Skype Forum • Triple Play Forum Call Center Forums • General, FAQs, How to • Wanted Ads/Classifieds WiMAX Forum • Contributors [February 22, 2006] Technical report - Emerging perils: seven things you sho...