Bush Reelection Prospect Boosts Asbestos-Suit Cos

[Khephra]

NEW YORK (Reuters) - Stock in chemical and other companies battling asbestos litigation rose on Wednesday on President Bush's apparent reelection and expanded Republican majorities in the Senate and the House of Representatives.

Last month, Senate Majority Leader Bill Frist vowed to continue efforts to establish a multibillion dollar fund to compensate asbestos victims, but acknowledged the issue was stalled in Congress.

But with the prospect of four more years of pro-business Republican government following Tuesday's election, Wall Street seemed confident such a fund would be established and ease the liability of companies targeted with asbestos lawsuits.

The shares of USG Corp., a construction materials company operating under bankruptcy protection since June 2001 because of asbestos claims, were up $2.98, or 13.43 percent, at $25.17 in morning trading on the New York Stock Exchange.

http://reuters.com/newsArticle.jhtml?type=businessNews&storyID=6703552

[pk_du]

1. ..and wanna know who has the biggest Asbestos exposure

in all of USA.....yup....Kellog,Brown and Root...the HALLIBURTON subsibiary that Cheney bought and could lose billions if the lawsuits from KBR go through.

[Carl Brennan]

3. And I heard that Dresser's products were in the WTC when it blew. nt

[Jack The Tab]

2. So instead of punishing the corporations..we get punished??

Our tax dollars will now go to cover what should be fines against these poisoners?

MASSIVE WEALTH TRANSFER.