Halliburton Reorganizes KBR Unit
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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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Halliburton will restructure and may even sell  its controversial KBR subsidiary, which is mired in overcharging scandals in Iraq.
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Oilfield services company Halliburton Co. (HAL.N: Quote, Profile, Research) on Wednesday said its KBR unit had settled all outstanding issues with state-owned Brazilian oil company Petrobras
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A former employee of KBR , the Pentagon's largest private contractor in Iraq, was sentenced to a year in prison by a federal judge late last week for taking kickbacks from a Saudi company to which he awarded dining subcontracts in Iraq.
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Coca-Cola Co.  said on Friday that it is reorganizing its North American business to better reflect its strategic focus and creating three new business units for its sodas and other beverages as part of the change.
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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 $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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HOUSTON -- Halliburton Co. said yesterday that it is restructuring its troubled engineering and construction subsidiary, KBR, and would consider selling or spinning it off should the division's stock performance fail to improve once asbestos litigation is resolved.
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The Army awarded a contract worth up to $150 billion to feed, house and provide other services to U.S. troops in Iraq, Afghanistan and Kuwait, spreading among three companies work that recently had been linked to a single, controversial contractor: Halliburton.
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Halliburton Co. on Monday said its  subsidiaries Kellogg Brown & Root and DII Industries have  exited bankruptcy.
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Halliburton, the oil services giant formerly headed by US Vice-President Dick Cheney, is moving its HQ to Dubai.
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Halliburton said it will restructure and may even sell its Kellogg, Brown and Root subsidiary, the business at the root of recent controversy.
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Houston-based Halliburton Co. will lay off workers at its KBR subsidiary as part of a cost-cutting program and could sell the business if the company&#39;s stock performance does not improve.
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Unit, a big operator in Iraq, will be separated if it doesn&#39;t perform after restructuring. NEW YORK  - Halliburton Co.
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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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Halliburton, beset by controversy over its work in Iraq, said Thursday that it would sell its KBR engineering and construction unit if the oilfield services company&#39;s share performance did not measure up to sector rivals.
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NEW YORK (CBS.MW) -- Dresser Inc., an Addison, Texas, drilling equipment company sold by Halliburton to private equity firms in 2001, on Friday filed to raise as much as $575 million in an initial public offering.
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The Pentagon is to end the contract Halliburton has to service US troops in Iraq, the Wall Street Journal reports.