ABB Shares Slump After U.S. Court Rejects Asbestos Settlement

Dec. 3 (Bloomberg) -- Shares of ABB Ltd., the world's biggest maker of electricity transformers, fell as much as 12 percent after a U.S. court threw out a $1.3 billion plan to resolve more than 135,000 asbestos lawsuits.

News Source: Bloomberg | Published: December 6, 2004 | Read Full Story

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