Halliburton to move headquarters, CEO to Dubai
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MANAMA/HOUSTON  - U.S. oil services firm Halliburton Co. is moving its headquarters and chief executive to Dubai to better position itself to gain contracts in the oil-rich Middle East.
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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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Halliburton Co. HAL.N said on  Thursday it would restructure its KBR unit and may shed the  business if the oil services company's stock performance keeps  lagging its peers.
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DUBAI, United Arab Emirates -- Oil services giant Halliburton Co. will soon shift its corporate headquarters from Houston to the Mideast financial powerhouse of Dubai, chief executive Dave Lesar announced Sunday.
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Halliburton Co. is gearing up to distribute $2.78 billion in cash and 59.5 million shares to thousands of asbestos and silica claimants, inching closer to leaving those inherited liabilities in the past.
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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, 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.
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The U.S. Army will discontinue its  multi-billion dollar contract with oil services giant  Halliburton Co.  to provide logistical support to U.S.  troops worldwide, The Washington Post reported on Wednesday.
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Halliburton Co. , the world's second-largest oil services company, is seeking stakes in emerging Gulf Arab firms to expand its operations in the region, pan Arab daily Asharq al-Awsat reported on Monday.
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TORONTO and CALGARY - Imperial Oil Ltd. will pull up its Toronto roots and move its head office to Calgary within the year, ending a long-term commitment to run its oil and gas operations out of Eastern Canada.
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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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Volkswagen of America plans to announce today that it will move its headquarters to Herndon, as part of a new corporate strategy to for revamping its sagging auto business.
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JPMorgan Chase & Co. plans to move its  investment bank to a new tower at the office complex to be  built on the World Trade Center site, a source familiar with  the situation said on Wednesday.
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Halliburton Co. , the world's second-largest oilfield-services provider, will move chief executive David Lesar to a new corporate headquarters in Dubai to help the company expand in the Middle East and Asia.
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US energy services company Halliburton is to end its operations in Iran after existing contracts come to an end citing a poor environment.
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Halliburton said it will restructure and may even sell its Kellogg, Brown and Root subsidiary, the business at the root of recent controversy.
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WASHINGTON -- Ever since Erle Halliburton established the New Method Oil Well Cementing Co. in Oklahoma in 1919, his name has been associated with American corporate know-how in the oilfield services business.