Halliburton Has More Time to Verify Costs
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The U.S. Army had granted Halliburton a third extension to substantiate its costs in Iraq and Kuwait.
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Halliburton has acknowledged that payments may have been made to Nigerian officials as part of an alleged $180 million bribery scandal, according to an SEC document filed by the Houston-based company on Friday.
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The company said today that the United States Army had decided not to grant it additional time to substantiate its costs in Iraq and Kuwait.
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The U.S. Army is laying the groundwork  to let Halliburton Co. keep several billion dollars paid for  work in Iraq that Pentagon auditors say is questionable or  unsupported by proper documentation, the Wall Street Journal  reported on Friday.
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The US Army is studying a possible compromise with Halliburton Co. that might allow the company to keep several billion dollars in disputed billings for work in Iraq, defense officials said on Friday.
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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 , the world's  No. 2 oil field services company, on Tuesday fell to a  quarterly loss as $230 million in charges to fund its asbestos  settlement outweighed gains in its energy business.
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Various investigations into an alleged $180 million bribery scandal in Nigeria involving a Halliburton Co. subsidiary and other companies have indicated that payments may have been made to Nigerian officials, the company said in a regulatory filing.
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SAN FRANCISCO (CBS.MW) -- The FBI has expanded its investigation of Halliburton&#39;s work in Iraq to determine if the Pentagon improperly awarded no-bid contracts, according to reports published Thursday.
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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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Only hours after deciding to withhold some payments to Halliburton Co. because of questions about billing for its work in Iraq, the Army reversed itself yesterday and said it would give the giant contractor more time to justify its ...
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Halliburtonâs chief executive said it is gearing up to handle more oil field service work in the Middle East, Asia and Latin America, but pricing declines in North America are still a concern.
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HOUSTON, Texas, Oct 26  - Halliburton, the oil services giant once run by US Vice President Dick Cheney, Tuesday reported a quarterly loss and only meagre pickings from its vast operations in Iraq.
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WASHINGTON, August 18, 2004  The oil services company Halliburton, largely through its subsidiary Kellogg, Brown &amp; Root, has received more revenue from government contracts in the last year than from 1998 through 2002. In 2003, when the company had ...
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HOUSTON - Oilfield services giant Halliburton Co. on Tuesday swung to a loss in the third quarter ended Sept. 30, hurt by hefty charges from discontinued operations related to the settlement of asbestos and silica claims.
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WASHINGTON The Pentagon extended a Halliburton contract for eleven months beyond its expiration despite warnings that the company was &quot;out of control&quot; in its work providing troop support in the Balkans.
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HOUSTON -- Halliburton Co. says an internal investigation has found that a consortium it later took over had once considered bribing Nigerian officials to win an energy contract.