Army Withholding Halliburton Payments
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Halliburton (HAL:NYSE - news - research) sank Tuesday after the Army chose not to extend a deadline for the company to explain its billing in Iraq.
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The Army should withhold nearly $90 million in payments to Halliburton because the politically connected firm can&#39;t justify what it charged America&#39;s temporary government in
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A whistle-blower objected to the government's Halliburton deals--and says now she's paying for it
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The Pentagon is to withhold a proportion of payments to US firm Halliburton which supplies meals to US troops in Iraq.
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The company said today that the U.S. Army had decided not to grant it additional time to substantiate its costs in Iraq and Kuwait.
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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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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 Pentagon has all but abandoned hope that Halliburton Co. will be able to fully account for all expenses associated with supporting US troops in Iraq and is considering an accounting armistice.
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The US Army on Tuesday appeared to reverse a decision to stop paying a portion of Halliburton Co.&#39;s (HAL.N: Quote, Profile, Research) bills in Iraq and gave the company more time to resolve a billing dispute.
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The US Army plans within months to break up Halliburton Co.&#39;s contract to provide support services for US troops in Iraq -- valued at up to $13 billion -- and open the work to competitive bids, the Wall Street Journal said on Tuesday
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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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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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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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After a week of flip-flops by the Army, Halliburton is waiting for a final decision on whether the military will withhold 15 percent of payments for some of its work in Iraq.
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The US 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
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The U.S. Army Corps of Engineers'  top contracting official on Friday called the government's  grant of multi-billion dollar contracts to oil services giant  Halliburton the worst case of contracting abuse she has ever  seen.
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The Pentagon backed off its threat to withold its monthly payment of about $60 million a month from a Halliburton subsidiary, which provides services for troops.