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Manville Corp., preparing to emerge from six...

Manville Corp., preparing to emerge from six years of bankruptcy, announced record earnings Sunday for the third quarter on improved sales of its fiber glass and forest products. Denver-based Manville said net income totaled $53.5 million, or $1.96 a share, up 10% from $48.6 million, or $1.76 a share in the year-ago quarter. Sales rose 6.6 % to $584.3 million. Manville filed for Chapter 11 protection in 1982 while being deluged with asbestos injury and property damage lawsuits. By 1986, property damage claims alone had come to a staggering $85 billion. Earlier this month, the U.S. Supreme Court rejected the last challenge to Manville’s reorganization plan.


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