Halliburton Posts $44 Million Loss
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Halliburton Co. , the world&#39;s No. 2 oil field services company, on Tuesday posted a third-quarter net loss as charges from its asbestos liability weighed.
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The billing dispute between the US Army and Houston-based Halliburton Co. continues as the Army on Tuesday said it would withhold paying 15 percent of future invoices from Halliburton.
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Quarterly losses narrowed to $59 million, or 16 cents per share, from $139 million, or 43 cents per share, a year ago. Excluding about $63 million in restructuring, transformation and integration costs, the
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Oilfield services company Halliburton  Co  on Monday said its fourth-quarter net profit rose 5  percent, helped by growth in the its Eastern Hemisphere  business and a lower tax rate.
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Shares of Halliburton Co., the world&#39;s biggest oilfield-services company, fell as much 1.6 percent in Germany after the Wall Street Journal said a contract worth as much as $13 billion with the US Army may be broken up.
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MCI Inc. yesterday reported a loss of $3.4 billion during its third quarter, reflecting its recent decision to write down the value of its telecommunications network.
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Halliburton Co. on Monday said its  subsidiaries Kellogg Brown & Root and DII Industries have  exited bankruptcy.
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Washington Mutual Inc , the largest U.S. savings and loan, posted a $1.87 billion fourth-quarter loss on Thursday, its first quarterly loss in more than a decade, battered by mortgage defaults and write-downs.
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Halliburton reported a loss in the third quarter, hurt by charges from discontinued operations related to the settlement of asbestos and silica claims.
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HOUSTON -- Halliburton Co. said Monday second-quarter net income more than doubled to $1.5 billion, lifted largely by a $933 million gain from the separation of its former subsidiary, KBR Inc.
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For the period that ended Dec. 31, the company reported a loss of $16 million, or 11 cents a share, in contrast to a profit of $18 million, or 12 cents a share, in the period a year earlier.
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Reported profit of $44 million for third quarter over a loss of $31 million a year ago and predicts 10% increase in sales for the 4th quarter.
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The nation&#39;s largest defense contractor will take a $110 million charge against its fourth quarter earnings after losing a court bid to salvage at least some of the money it pumped
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The parent company of American Airlines, the nation's largest carrier, posted a loss of $69 million during the fourth quarter as fuel prices and weather disruptions wiped out higher revenue.
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Halliburton Co.  , the world's No. 2 oil field services company, on Tuesday posted a third-quarter net loss as charges from its asbestos liability weighed.
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By Matt Daily HOUSTON  - Halliburton Co. , the world's No. 2 oil field services company, on Tuesday posted a quarterly loss as gains in its energy business were outweighed by $230 million in charges to fund its asbestos settlement.
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The company said its quarterly loss ballooned to $302.6 million as it struggled with its mortgage lending arm and said it is trying to renegotiate the sale of the unit.