Halliburton may sell troubled KBR
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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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The Kellogg Brown &amp; Root unit is putting a big hurt the stock. Is a parting of the ways likely? Chief Executive David J. Lesar might be right when he describes Halliburton Co.
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THE INVESTIGATION: The FBI is looking into whether a subsidiary of Halliburton Co. improperly received lucrative federal government contracts for work in Iraq without competitive bidding.
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In a sign that Iraq contracts did not provide the boon executives had expected from KBR, Halliburton is considering selling it.
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Halliburton Co. may decide not to submit new bids for the logistics contracts it holds in Iraq if the U.S. military divides up the work too deeply, Chief Executive Officer Dave Lesar said on Tuesday.
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Halliburton Co. may decide not to  submit new bids for the logistics contracts it holds in Iraq if  the U.S. military divides up the work too deeply, Chief  Executive Officer Dave Lesar said on Tuesday.
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Its valuation might be holding the stock back, but look at the company's track record.
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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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Bargain hunters may want to keep an eye on this stock.
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U.S. private equity fund Lone Star  is in talks with several strategic investors to sell Korea Exchange Bank (KEB) , Lone Star chairman John Grayken said in an interview with a local newspaper on Monday.
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NEW YORK, August 18 (New Ratings)  The Halliburton Company (HAL.NYS) has reportedly gained more time to justify its bills to the US Army, regarding the company&#39;s contract to provide logistic services to the US troops in Iraq.
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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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The Pentagon&#39;s top weapons buyer Tuesday said he expected officials to decide soon whether to solicit new bids for a multibillion-dollar deal to begin replacing the Air Force&#39;s aging fleet of KC-135 refueling tankers.
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With the company's reserves running dry, investors might want to dip into a different well.
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Halliburton plans to shed its KBR engineering and construction unit if the company's share performance does not match its peers, it said today.
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Halliburton will restructure its Kellogg, Brown and Root subsidiary and may even sell the business should it continue to underperform rivals.
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U.S. buyout fund Lone Star is close to  terminating its $7.3 billion deal to sell Korea Exchange Bank  (KEB) to Kookmin Bank (060000.KS) because of a prosecutors'  investigation, the Financial Times reported on Wednesday.