Halliburton, Seeking to Boost Value, May Shed KBR
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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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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 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.
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HOUSTON -- Halliburton Co. said Monday second-quarter net income more than doubled to $1.5 billion, lifted largely by a $933 million gain from the separation of its former subsidiary, KBR Inc.
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Houston&#39;s Halliburton is considering selling its KBR unit, the object of numerous investigations, persistent losses and ongoing bankruptcy.
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Halliburton Co. HAL.N, 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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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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Halliburton may not rebid for contracts to support US troops in Iraq if the US army breaks up its contract, the company says.
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Credit Suisse First Boston downgraded Halliburton (nyse: HAL - news - people ) to &quot;neutral&quot; from &quot;outperform&quot; and said strong stock gains in 2004 have eliminated any discounts to peers.
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World No. 2 oil field company said profit squeezed by asbestos settlement, revenue higher on Iraq. HOUSTON  - Halliburton Co.
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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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Profits at oil services firm Halliburton more than double to $1.5bn after its split from subsidiary KBR.
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Halliburton pulled something of a surprise by doing well even in the North American market.
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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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HOUSTON -- Halliburton Co. said yesterday that it is restructuring its troubled engineering and construction subsidiary, KBR, and would consider selling or spinning it off should the division's stock performance fail to improve once asbestos litigation is resolved.
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Houston-based Halliburton Co. will lay off workers at its KBR subsidiary as part of a cost-cutting program and could sell the business if the company&#39;s stock performance does not improve.
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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.