Halliburton Says It May Separate KBR Unit
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Halliburton Co. said Thursday it would restructure its KBR unit and may shed the business if the company's stock performance continues to lag behind peers.
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The U.S. Army on Tuesday appeared to  reverse a decision to stop paying a portion of Halliburton  Co.'s HAL.N bills in Iraq and gave the company more time to  resolve a billing dispute.
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DALLAS (CBS.MW) -- Halliburton&#39;s shares closed higher Wednesday after the Army Materiel Command reversed its decision to withhold 15 percent of its future payments to the company under a contract to supply and support US troops in Iraq.
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Allen Petty went to Iraq to drive a truck for KBR, the Houston-based subsidiary of Halliburton. But by the end of August, Petty, who wanted to earn enough money to build his family a house, had had enough.
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The U.S. Army plans within months to break up Halliburton Co.'s contract to provide support services for U.S. troops in Iraq -- valued at up to &#36;13 billion -- and open the work to competitive bids, the Wall Street Journal said on Tuesday, citing an internal Army memorandum.
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WASHINGTON : US oil service firm Halliburton has acknowledged that improper payments &quot;may have been made&quot; to Nigerian officials through a consortium of which it was a member.
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WASHINGTON - The Pentagon has hastily reversed a decision to partially withhold payments to Halliburton, the biggest US contractor in Iraq.
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HOUSTON, July 23 -- Halliburton's profit more than doubled in the second quarter, getting a $933 million lift from the separation of a former subsidiary, KBR. Even without that gain, the results beat Wall Street's forecasts for the oilfield services contractor. Halliburton had a profit of $1.5...
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The Army will rebid the multibillion-dollar contract under which a Halliburton Co. subsidiary has been providing services to troops around the world after years of complaints over how the deal has worked in Iraq.
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Petroleum giant Halliburton Co., on Thursday said its engineering and construction unit KBR will be reorganized from five product lines to two divisions - energy and chemicals, and government and infrastructure.
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NEW YORK, September 23  - The Halliburton Company (HAL.NYS) said today that it may sell its controversial engineering and construction subsidiary, KBR, if the company&#39;s share price performance did not match that of its peers.
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Profits at oil services firm Halliburton more than double to $1.5bn after its split from subsidiary KBR.
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In a sign that Iraq contracts did not provide the boon executives had expected from KBR, Halliburton is considering selling it.
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HOUSTON - A judge ordered Halliburton Co. to reinstate health insurance for retirees of its former Dresser Inc. unit, ruling the company couldn&#39;t modify the health plans to eliminate the benefits.
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Halliburton Co. said Wednesday it is considering an appeal to a judge&#39;s ruling that the company cannot cancel or make major changes to health care coverage for retirees of a company it bought in 1998.
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WASHINGTON - The US Army wants to know how a threatened plan to withhold $60 million a month in a billing dispute might affect Halliburton Co.&#39;s ability to support US troops in Iraq.
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The U.S. Army will discontinue its  multi-billion dollar contract with oil services giant  Halliburton Co.  to provide logistical support to U.S.  troops worldwide, The Washington Post reported on Wednesday.