Halliburton: Court OKs Asbestos Deal
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A U.S. district court has approved a  $1.5 billion trust to be set up by two Halliburton Co. HAL.N  units and their insurers to pay asbestos claims, Halliburton  said on Friday.
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Halliburton Co. said Monday a bankruptcy judge approved the final insurance settlement agreements between Halliburton subsidiaries and insurance carriers.
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Company units set up a $1.5B trust to pay claims, enabling the 2 subsidiaries to exit bankruptcy. NEW YORK  - A district court has approved a $1.5 billion trust to be set up by two Halliburton Co.
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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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The Pentagon is to end the contract Halliburton has to service US troops in Iraq, the Wall Street Journal reports.
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Halliburton Co. HAL.N on Friday said  a federal court had signed an order that would end the  company's asbestos liability later this month, clearing another  hurdle for two of its subsidiaries to emerge from bankruptcy.
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Halliburton, the Texas company once  run by Vice President Dick Cheney, has been given more than $10  billion worth of business in Iraq so far despite critical  audits and investigations into its work.
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Pfizer Inc., the world&#39;s largest drugmaker, agreed to pay $430 million to resolve personal-injury claims against a subsidiary that sold products containing asbestos in the 1970s.
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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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Asbestos victims have hailed an agreement detailing how James Hardie intends to compensate them, but caution the deal is not yet legally binding.
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Halliburton Co., , the world's second-largest oil services company, said on Monday that second-quarter profit from continuing operations rose 19 percent, topping Wall Street views, helped by new international contracts.
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Halliburton Co. is gearing up to distribute $2.78 billion in cash and 59.5 million shares to thousands of asbestos and silica claimants, inching closer to leaving those inherited liabilities in the past.
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Oilfield services company Halliburton Co  said on Monday that quarterly net profit rose 5 percent, helped by growth in its Eastern Hemisphere business and a lower tax rate.
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The ruling means World Trade Center leaseholder Larry Silverstein can collect up to $4.6-billion from nine insurers. By Associated Press.
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The Army has agreed to a Pentagon investigation into claims by a top contracting official that a Halliburton subsidiary unfairly won no-bid contracts worth billions of dollars for work in Iraq and the Balkans, according to Army documents obtained Sunday.
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By PETE YOST  WASHINGTON - The Supreme Court ruled against the Bush administration Monday in an environmental lawsuit, allowing a company to seek recovery of some of its costs for voluntarily cleaning up a hazardous site.
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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.