US army 'to axe Halliburton deal'
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The Pentagon is to end the contract Halliburton has to service US troops in Iraq, the Wall Street Journal reports.
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The U.S. Army will withhold payment on 15 percent of future invoices of Halliburton Co.'s (HAl.N) logistics deal in Iraq due to an ongoing billing dispute, the company and the U.S. military said on Tuesday.
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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 U.S. Army will withhold payment  on 15 percent of future invoices of Halliburton Co.'s HAl.N  logistics deal in Iraq due to an ongoing billing dispute, the  company and the U.S. military said on Tuesday.
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Halliburton said Monday the U.S. Army had decided to give the company more time to resolve a billing dispute before withholding payment of up to 15 percent of the company's bills in Iraq and Kuwait.
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The U.S. Army plans to withhold payment on 15 percent of future invoices of Halliburton's logistics deal in Iraq due to an ongoing billing dispute.
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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.
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Halliburton Co.  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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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. said it may sell its KBR unit, which is being investigated for possible overcharges on a US Army contract in Iraq and alleged bribery at a Nigerian venture, to boost its share price.
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Unit, a big operator in Iraq, will be separated if it doesn&#39;t perform after restructuring. NEW YORK  - Halliburton Co.
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Halliburton Co. HAL.N 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.&#39;s multibillion dollar contract for work to support US troops in Iraq will be put back up for bids, according to a published report.
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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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The Army reversed a decision to withhold payment on 15 percent of future payments to the Halliburton Company on its contracts in Iraq and Kuwait.
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News Item: &quot;The US Army has threatened to partially withhold payments to Halliburton due to allegations of overcharges for food, shelter and services.&quot; ...
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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 &#36;13 billion -- and open the work to competitive bids, the Wall Street Journal said on Tuesday, citing an internal Army memorandum.