U.S. Construction Firm Drops Iraq Contract
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An international construction company has pulled out of its contract to rebuild Iraq's transportation systems, deciding it was too dangerous to stay, a spokesman for the U.S.-led reconstruction effort said Wednesday.
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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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Contrack International Inc., an Arlington engineering and construction company, became the first major U.S. firm to withdraw from a reconstruction contract in Iraq because the deteriorating security environment had made working there too costly.
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US contractor Contrack International has pulled out of a $325 million (170 million pound) Iraqi transportation project because of violence, a US official says.
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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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A Turkish company said on Tuesday it was suspending its operations in Iraq to save 10 employees abducted at the weekend by an Iraqi militant group which has threatened to kill them.
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The State Department's chief of diplomatic security has resigned amid scrutiny of the use of private military contractors to guard the department's staff in Iraq, a spokesman said Wednesday.
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Two Chrysler LLC plants in Indiana voted on Tuesday to reject a proposed contract for the No. 3 U.S. automaker, marking the latest and most serious setback to a tentative four-year deal negotiated by the United Auto Workers union.
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Halliburton Co. , beset by controversy over its work in Iraq, plans to shed its KBR engineering and construction unit if the oilfield services company's share performance does not match its peers, it said on Thursday.
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Rising violence and associated security costs have prompted a U.S. company to pull out of a &#36;325 million contract to rebuild transportation infrastructure in Iraq, a military spokesman said on Wednesday.
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US officials said Contrack&#39;s decision to terminate work in Iraq was reached with the US government in November, but had not been publicly disclosed.
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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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Iraq's Interior Ministry has revoked the license of Blackwater Security Consulting, an American firm whose contractors are blamed for a Sunday gunbattle in Baghdad that left eight civilians dead.
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A federal judge yesterday ordered the military to temporarily refrain from awarding the largest security contract in Iraq. The order followed an unusual series of events set off when a U.S. Army veteran filed a protest against the government practice of hiring what he calls mercenaries, according to...
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The US Army on Tuesday appeared to reverse a decision to stop paying a portion of Halliburton Co.&#39;s (HAL.N: Quote, Profile, Research) bills in Iraq and gave the company more time to resolve a billing dispute.
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Washington - The commander of the reserve quartermaster company whose members refused an order to deliver fuel in Iraq last week has been relieved of his command, Pentagon sources told FOX News.
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The company said today that the U.S. Army had decided not to grant it additional time to substantiate its costs in Iraq and Kuwait.