Halliburton units exit bankruptcy in $4.7b pact
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Halliburton Co. , the world's largest oilfield-services company, said its DII Industries and Kellogg Brown &amp; Root units exited bankruptcy, formalizing a $4.7 billion settlement of asbestos claims with more than 400,000 people.
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Halliburton unit Kellogg Brown & Root was chosen by Britain to coordinate construction of two aircraft carriers worth $5.4 billion.
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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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NEW YORK, Aug 17  - In an otherwise listless credit market, Halliburton has created some drama with its ongoing saga with the Army over its accounting for $1.8 billion of work in Iraq and Kuwait.
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WASHINGTON - The Army extended a Halliburton Co. troop support contract over the objections of a top contracting officer, even contending - and then withdrawing - a claim that US forces faced an emergency if the company didn&#39;t get the extra work.
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The U.S. Army reversed a decision  late Tuesday to withhold payment on 15 percent of future  invoices of Halliburton Co.'s HAL.N logistics deal in Iraq  and gave the company more time to resolve a billing dispute.
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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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Oilfield services company Halliburton Co.  on Monday said its subsidiaries Kellogg Brown & Root and DII Industries have emerged from the year-long bankruptcy proceedings it instigated to facilitate a &#36;4.2 billion asbestos settlement.
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Oilfield services company Halliburton Co. (HAL.N: Quote, Profile, Research) on Wednesday said its KBR unit had settled all outstanding issues with state-owned Brazilian oil company Petrobras
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Halliburton Co. said yesterday that it is restructuring its troubled engineering and construction subsidiary, KBR, and would consider selling or spinning
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Halliburton's latest deal showcases the money to be made in oilfield services.
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Halliburton Co. (HAL.N: Quote, Profile, Research) said on Thursday it would restructure its KBR unit and may shed the business if the company&#39;s stock performance continues to lag behind peers.
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KBR , a former unit of  Halliburton Co. , Dyncorp International Inc.  and  Fluor Corp.  were awarded parts of a U.S. Army contract  with a combined potential value of up to $150 billion to  provide services to the military in the Middle East.
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A federal judge in Texas yesterday threw out a lawsuit against Halliburton Co. that had been brought by survivors and the families of those killed when a fuel convoy was assaulted by insurgents outside Baghdad in April 2004.
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Profits at oil services firm Halliburton more than double to $1.5bn after its split from subsidiary KBR.
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The United States army will withhold payment of up to $60m (£32.8m) a month on future invoices submitted by Halliburton, the firm formerly run by vice-president Dick Cheney, due to a continuing dispute over work done in Iraq.
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The nation's largest natural gas pipeline company agreed to pay the federal government $7.7 million to settle corruption allegations related to the U.N. oil-for-food scandal over aid to Iraq, according to a settlement announced Wednesday.