Halliburton Warns Against Tender Offer
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Oilfield services firm Halliburton Co. on Friday advised its shareholders to reject a discounted tender offer from a Canadian investment company that is looking to buy up to 3 million Halliburton shares.
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A US government auditor says the US Army should withhold 15 per cent of future payments to Halliburton for work in Iraq due to billing disputes - in a move that could cost the contractor tens of millions of dollars.
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News Item: &quot;The US Army has threatened to partially withhold payments to Halliburton due to allegations of overcharges for food, shelter and services.&quot; ...
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Pentagon auditors "strongly" urged  the Army last week to withhold paying 15 percent of  Halliburton's bills in Iraq for over $4 billion of logistical  work, said a military document released on Tuesday.
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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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The U.S. Army should withhold some future payments to Halliburton  for work in Iraq due to billing disputes, a government auditor said on Wednesday, a move that could cost the contractor tens of millions of dollars.
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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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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 U.S. Army will withhold payment on 15 percent of future invoices of Halliburton Co.'s logistics deal in Iraq due to an ongoing billing dispute, the company and the U.S. military said on Tuesday.
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The U.S. ambassador to Kuwait and other senior U.S. officials put pressure on Halliburton to award a contract to a Kuwaiti company suspected of overcharging to bring fuel into Iraq, according to State Department documents released on Wednesday.
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A key member of the family that  controls Dow Jones & Co.  opposes a $5 billion bid by  Rupert Murdoch&#39;s News Corp. (NWSa.N), fearing the sale would  endanger the Wall Street Journal&#39;s independence, the paper  reported on its Web site on Thursday.
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Halliburton Co. said it may sell its KBR unit, which is being investigated for possible overcharges on a US Army contract in Iraq and alleged bribery at a Nigerian venture, to boost its share price.
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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.
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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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A Defense Department auditor last week criticized Army managers responsible for overseeing a giant logistical contract with Halliburton Co., saying in a memo they have not been firm enough in seeking justification for $1.8B in expenses for work in Iraq and Kuwait.
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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.
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Halliburton, the oil services giant once run by US Vice President Dick Cheney, has emerged as a leading contender to manage the construction of two British aircraft carriers, The Sunday Telegraph said.