Halliburton Posts Loss on Asbestos Charge
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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&#39;s asbestos liability later this month, clearing another hurdle for two of its subsidiaries to emerge from bankruptcy.
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Halliburton says its scandal-hit Kellogg, Brown & Root unit will emerge from bankruptcy as a US court signs off a $4.2bn asbestos settlement.
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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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Oilfield services company Halliburton  Co. on Monday said its subsidiaries Kellogg Brown & Root and  DII Industries have emerged from the bankruptcy proceedings  they entered a year ago to facilitate a $4.2 billion asbestos  settlement.
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HOUSTON Halliburton, the oil services company once run by Dick Cheney, the US vice president, reported on Tuesday a quarterly loss and only meager pickings from its vast operations in Iraq.
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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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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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Halliburton Co. said Thursday it is restructuring its troubled engineering and construction subsidiary, and would consider selling or spinning it off should the division&#39;s stock performance fail to improve once costly asbestos litigation is resolved.
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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 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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Shares of Halliburton Co., the world&#39;s biggest oilfield-services company, fell as much 1.6 percent in Germany after the Wall Street Journal said a contract worth as much as $13 billion with the US Army may be broken up.
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KBR, the government contracting firm formerly under Halliburton, did not keep accurate records of gasoline distribution, put its employees in living spaces that may be larger than warranted and served meals that appeared to cost $4.5 million more than necessary under a contract to perform work in...
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Oilfield services company Halliburton  Co  on Monday said its fourth-quarter net profit rose 5  percent, helped by growth in the its Eastern Hemisphere  business and a lower tax rate.
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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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WASHINGTON - Halliburton&#39;s stock was shelled early Tuesday by reports that the Army had decided to withhold a large chunk of the payments under a massive contract to support troops in Iraq.
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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.