Halliburton Suffers Loss on Asbestos 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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Halliburton subsidiary Kellogg, Brown &amp; Root charged millions to the government for recreational services never provided to U.S. troops in Iraq, including giant tubs of chicken wings and tacos, a widescreen TV, and cheese sticks meant for a military Super Bowl party, according to a federal whistle-blower suit unsealed Friday.
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Troubled engineering giant Halliburton has won a US court order approving the settlement of asbestos claims by the end of the month.
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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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WASHINGTON : US oil service firm Halliburton has acknowledged that improper payments &quot;may have been made&quot; to Nigerian officials through a consortium of which it was a member.
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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 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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A Halliburton Co. shipment of radioactive material that landed in New York in October was lost en route to Texas, and was not found until Wednesday, when it turned up in Boston.
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Oilfield services company Halliburton  Co. HAL.N on Monday said its subsidiaries Kellogg Brown &  Root and DII Industries have emerged from the year-long  bankruptcy proceedings it instigated to facilitate a $4.2  billion asbestos settlement.
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Boeing Co.  on Wednesday  reported a quarterly loss as it took $1.1 billion of charges to  settle government investigations into its defense unit and to  cover the costs of delayed surveillance aircraft.
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A shipment of radioactive material  ordered by Halliburton Co. that went missing in New Jersey was  found in Boston on Wednesday, the company said in a filing to  federal regulators this week.
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A former Halliburton Corp worker sued  the oilfield services company this week to recover overtime  wages he said were illegally withheld from the company's  workers in Iraq.
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Halliburton Co. HAL.N, beset by  controversy over its work in Iraq, plans to shed its KBR  engineering and construction unit if the oilfield services  company's share performance does not match its peers, it said  on Thursday.
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James Hardie Industries NV underfunded a trust to compensate asbestos victims by at least A$1.5 billion ($1.1 billion) and misled investors when it said it had set aside enough money
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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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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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ABB Ltd., the Swiss-Swedish electrical engineering giant, said Thursday it had lost its bid to have a U.S. appeals court partially review its &#36;1.2 billion asbestos-claims settlement.