Troubled Unit of Halliburton May Go on Block
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In a sign that Iraq contracts did not provide the boon executives had expected from KBR, Halliburton is considering selling it.
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Halliburton Co. said Thursday it would restructure its KBR unit and may shed the business if the company's stock performance continues to lag behind peers.
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A troubled company in the troubled housing sector.
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The US Army will withhold payment on 15 percent of future invoices of Halliburton Co.&#39;s (HAl.N: Quote, Profile, Research) logistics deal in Iraq due to an ongoing billing dispute, the company and the US military said ...
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THE INVESTIGATION: The FBI is looking into whether a subsidiary of Halliburton Co. improperly received lucrative federal government contracts for work in Iraq without competitive bidding.
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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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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. ambassador to Kuwait and  other senior U.S. officials put pressure on Halliburton to  award a deal to a Kuwaiti company suspected of overcharging to  bring fuel into Iraq, according to State Department documents  released on Wednesday.
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With the company's reserves running dry, investors might want to dip into a different well.
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Halliburton Co. HAL.N on Thursday  said it would restructure its embattled KBR unit and may shed  the business if the oil services company's stock performance  keeps lagging its peers.
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A law that could shape Iraq's future by clearing the way for investment in its oil fields is deadlocked by a battle for control of the reserves and no end to the impasse is in sight, lawmakers and officials say.
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Halliburton Co., accused of  overcharging on its contract in Iraq, on Tuesday said it may  decide not to submit new bids for the business if the U.S.  military divides up the work too deeply.
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Oilfield services firm Halliburton Co. on Friday advised its shareholders to reject a discounted tender offer from a Canadian investment company that is looking to buy up to 3 million Halliburton shares.
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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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Halliburton will restructure its Kellogg, Brown and Root subsidiary and may even sell the business should it continue to underperform rivals.
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Halliburton Co. on Tuesday blamed politics for a US Army decision to not grant the company more time to resolve a billing dispute in which the Pentagon contends the company did not adequately account for some $1.8 billion of work done in the Middle East.
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WASHINGTON - The Pentagon has hastily reversed a decision to partially withhold payments to Halliburton, the biggest US contractor in Iraq.