US oil services firm Halliburton has agreed to pay $4bn to settle a rash of asbestos-related compensation claims. The deal, under which Halliburton will pay out $2.8bn in cash and the balance in shares, will cover all present and future asbestos claims against the company. It ranks as one of the largest asbestos settlements ever. Alex Ritson BBC World Service, Interview with Jon Gelman. 18 Dec 2002