Army to rebid Halliburton unit's contract
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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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The Army reversed a decision to withhold payment on 15 percent of future payments to the Halliburton Company on its contracts in Iraq and Kuwait.
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The Pentagon is to end the contract Halliburton has to service US troops in Iraq, the Wall Street Journal reports.
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WASHINGTON - Halliburton&#39;s stock was shelled early Tuesday by reports that the Army had decided to withhold a large chunk of the payments under a massive contract to support troops in Iraq.
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WASHINGTON - The Army has abruptly reversed itself and decided to pay all of Halliburton Co.&#39;s fees to house and feed US troops in Iraq and Kuwait after the company threatened to legally challenge the effort to penalize it.
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The U.S. Army plans to withhold payment on 15 percent of future invoices of Halliburton's logistics deal in Iraq due to an ongoing billing dispute.
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The U.S. Army should withhold some future payments to Halliburton  for work in Iraq due to billing disputes, a government auditor said on Wednesday, a move that could cost the contractor tens of millions of dollars.
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Halliburton may not rebid for contracts to support US troops in Iraq if the US army breaks up its contract, the company says.
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Halliburton Co.  said on Thursday it would restructure its KBR unit and may shed the business if the oil services company's stock performance keeps lagging its peers.
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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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Halliburton Co. HAL.N may decide not  to submit bids for the logistics contracts it holds in Iraq if  the U.S. military divides up the work too deeply, Chief  Executive Officer Dave Lesar told an analysts' conference in  New York on Tuesday.
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A Halliburton subsidiary agreed to pay the government $8 million to resolve accusations of overbilling related to the firm's work for the Army in the Balkans, the Justice Department said yesterday.
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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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Halliburton Co.&#39;s multibillion dollar contract for work to support US troops in Iraq will be put back up for bids, according to a published report.
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The U.S. ambassador to Kuwait and  other senior U.S. officials put pressure on Halliburton HAL.N  to award a contract to a Kuwaiti company suspected of  overcharging to bring fuel into Iraq, according to State  Department documents released on Wednesday.
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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. may decide not to submit new bids for the logistics contracts it holds in Iraq if the U.S. military divides up the work too deeply, Chief Executive Officer Dave Lesar said on Tuesday.