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Non-Tech : Federal-Mogul Corporation (FDMLQ)

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To: accountclosed who wrote (41)1/11/2001 11:45:56 AM
From: JHP  Read Replies (2) of 142
 
USG Asbestos News
USG Corp. announced a charge against earnings for its asbestos liability. news.moneycentral.msn.com 20010111&ID=464460

The $850 million charge apparently is in excess of USG's reserves, and reflects liquidated and pending asbestos claims, as well as USG's future claims. By any reasonable assessment, USG faces a far heavier contingent asbestos risk than FMO, and certainly has a substantially greater number of liquidated and pending claims.
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