Halliburton posts loss
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Halliburton (HAL), the world&#39;s No. 2 oil field services company, posted a third-quarter net loss Tuesday as it took $230 million in charges to pay for its asbestos liability.
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The US Army will begin withholding 15 percent of its payments on Halliburton Co.&#39;s future invoices for logistical support of troops in Iraq and Kuwait, the oil services conglomerate said Tuesday.
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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 company reported a fourth-quarter net loss of $2.58 billion,  citing a $6.1 billion charge related to transferring employees from a multi-employer pension fund.
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Washington Mutual Inc , the  largest U.S. savings and loan, posted a $1.87 billion  fourth-quarter loss on Thursday, its first quarterly loss in  more than a decade, battered by mortgage defaults and  write-downs.
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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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Halliburton Co.  , the world's No. 2 oil field services company, on Tuesday posted a third-quarter net loss as charges from its asbestos liability weighed.
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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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Only hours after deciding to withhold some payments to Halliburton Co. because of questions about billing for its work in Iraq, the Army reversed itself yesterday and said it would give the giant contractor more time to justify its ...
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The U.S. Army on Tuesday appeared to  reverse a decision to stop paying a portion of Halliburton  Co.'s HAL.N bills in Iraq and gave the company more time to  resolve a billing dispute.
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Halliburton said Tuesday that the US Army had decided not to grant it additional time to substantiate its costs for feeding and housing American troops in Iraq and Kuwait, a decision that could cost the company 15 percent of its payment.
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Halliburton Co. HAL.N , the world's  No. 2 oil field services company, on Tuesday posted a  third-quarter net loss as it took $230 million in charges to  fund its asbestos liability.
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Dutch retail giant Ahold has reported a third-quarter net loss, as its results were impacted by exceptional costs and asset impairment charges.
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The company reported a $1.63 billion loss in the fourth quarter as whopping charges for its Vioxx litigation settlement and other items dragged down results.
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Bombardier, the commercial aircraft maker, posted a quarterly loss after writing off its investment in the Metronet Rail subway unit in Britain.
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Halliburton Co. (HAL.N: Quote, Profile, Research) , the world&#39;s No. 2 oil field services company, on Tuesday fell to a quarterly loss as $230 million in charges to fund its
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The billing dispute between the US Army and Houston-based Halliburton Co. continues as the Army on Tuesday said it would withhold paying 15 percent of future invoices from Halliburton.