Halliburton closes higher on Army&#39;s decision to pay
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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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WASHINGTON - The Pentagon has hastily reversed a decision to partially withhold payments to Halliburton, the biggest US contractor in Iraq.
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Halliburton Co. , the world's second-largest oil services company, said on Monday that second-quarter profit from continuing operations rose 19 percent, topping Wall Street estimates, on strength in international markets and better-than-expected revenue.
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Pay for members of the armed forces will rise by 2.6% from April, the Defence Secretary has announced.
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Company units set up a $1.5B trust to pay claims, enabling the 2 subsidiaries to exit bankruptcy. NEW YORK  - A district court has approved a $1.5 billion trust to be set up by two Halliburton Co.
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NEW YORK, September 7 (New Ratings) - The US Army reportedly intends to break up its multibillion dollar contract, awarded to Halliburton Co (HAL.
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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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Halliburton Co. on Tuesday said the US Army will withhold payments of 15 percent of future bills, apparently backtracking on an earlier deal.
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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 a billing dispute that could cost  the company $60 million a month, the military said on Tuesday.
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Halliburton Co., , the world&#39;s  second-largest oil services company, said on Monday that  second-quarter profit from continuing operations rose 19  percent, topping Wall Street views, helped by new international  contracts.
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WASHINGTON : The Pentagon will withhold 15 percent of future payments to Halliburton after accusing it of inadequate accounting for contract work in Iraq and Kuwait, the firm said.
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The US Army Corps of Engineers&#39; top contracting official on Friday called the government&#39;s grant of multi-billion dollar contracts to oil services giant Halliburton
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Halliburton's engineering and  construction unit KBR expects its billing dispute over meals  for U.S. troops in Iraq to be settled soon, a senior KBR  executive said on Tuesday.
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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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Only hours after deciding to withhold some payments to Halliburton Co. because of questions about billing for its work in Iraq, the Army reversed itself yesterday and said it would give the giant contractor more time to justify its ...
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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 Co. said yesterday that it may sell its Kellogg Brown &#38; Root subsidiary, the largest government contractor in Iraq. Even though revenue soared from the unit, profit lagged and the dollars brought controversy over whether the company once run by Dick Cheney overcharged the government and mishandled some of the services it provides.