Halliburton Units Win Approval of Asbestos Settlement
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Halliburton Co., the world&#39;s largest oilfield-services company, said a bankruptcy judge approved a $1.5 billion settlement of asbestos claims between two of its subsidiaries and insurers.
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Halliburton Co. on Friday said a federal court had signed an order that would end the company&#39;s asbestos liability later this month, clearing another hurdle for two of its subsidiaries to emerge from bankruptcy.
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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 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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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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HOUSTON A judge ordered Halliburton Company to reinstate health insurance for retirees of its former Dresser Incorporated unit, ruling the company couldn&#39;t modify the health plans to eliminate the benefits.
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Halliburton Co. on Monday said its  subsidiaries Kellogg Brown & Root and DII Industries have  exited bankruptcy.
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The ACTU, Unions NSW and asbestos groups have today signed a Heads of Agreement with former asbestos products manufacturer James Hardie for what is believed to be the largest personal injury settlement in Australia&#39;s history.
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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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World No. 2 oil field company said profit squeezed by asbestos settlement, revenue higher on Iraq. HOUSTON  - Halliburton Co.
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HOUSTON  - Oilfield services company HalliburtonCo.  on Wednesday said its KBR unit had settled alloutstanding issues with state-owned Brazilian oil companyPetrobras over the Barracuda-Caratinga project, which has beenplagued by delays and cost overruns.
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An order signed Monday by a federal bankruptcy judge in Pennsylvania clears the way for Halliburton&#39;s KBR unit to emerge from bankruptcy by year&#39;s end, according to the Houston company.
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Raytheon Co.&#39;s largest area union of manufacturing employees approved a three-year contract yesterday, according to labor officials and the Waltham defense contractor.
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Halliburton Co. has finalized an agreement to resolve outstanding issues with a troublesome project off the coast of Brazil, the company announced Wednesday.
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By Matt Daily HOUSTON  - Halliburton Co. , the world's No. 2 oil field services company, on Tuesday posted a quarterly loss as gains in its energy business were outweighed by $230 million in charges to fund its asbestos settlement.
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Halliburton Co. 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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SYDNEY: James Hardie Industries yesterday struck a deal to pay US$1.1bil to compensate asbestos-related disease sufferers, boosting the company&#39;s stock as much as 8% as a 14-month row over funding neared its end.