Halliburton to lose $13bn Iraq contract; share price declines
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NEW YORK, September 7 (New Ratings) - The US Army reportedly intends to break up its multibillion dollar contract, awarded to Halliburton Co (HAL.
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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 US Army will begin withholding 15 percent of its payments on Halliburton Co.&#39;s future invoices for logistical support of troops in Iraq and Kuwait, the oil services conglomerate said Tuesday.
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The U.S. Army reversed a decision  late Tuesday to withhold payment on 15 percent of future  invoices of Halliburton Co.'s HAL.N logistics deal in Iraq  and gave the company more time to resolve a billing dispute.
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US energy services company Halliburton is to end its operations in Iran after existing contracts come to an end citing a poor environment.
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HOUSTON - The U.S. Army will begin withholding 15 percent of its payments on Halliburton Co.'s future invoices for logistical support of troops in Iraq and Kuwait, the oil services conglomerate said Tuesday...
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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 -- 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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The inspector general for Iraq&#39;s reconstruction yesterday threw his weight behind withholding some payments from Halliburton Co.
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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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Nigeria said on Monday that it had banned the awarding of government contracts to Halliburton, the oil services company, as a result of the theft of two radioactive devices from its Nigerian subsidiary.
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HOUSTON Halliburton, the oil services company once run by Dick Cheney, the US vice president, reported on Tuesday a quarterly loss and only meager pickings from its vast operations in Iraq.
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Halliburton Co., the world&#39;s No. 2 oil field services company, posted a quarterly loss today as gains in its energy business were outweighed by $230 million in charges to fund its asbestos settlement.
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Rising violence and associated security  costs have prompted a U.S. company to pull out of a $325  million contract to rebuild transportation infrastructure in  Iraq, a military spokesman said on Wednesday.
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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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Halliburton Co. on Tuesday blamed politics for a US Army decision to not grant the company more time to resolve a billing dispute in which the Pentagon contends the company did not adequately account for some $1.8 billion of work done in the Middle East.
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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.