US agrees to Halliburton inquiry
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The US government will set up an inquiry into Iraq contracts given to Halliburton, the former firm of Vice President Dick Cheney.
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A Halliburton subsidiary agreed to pay the government $8 million to resolve accusations of overbilling related to the firm's work for the Army in the Balkans, the Justice Department said yesterday.
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Halliburton Co. (HAL.N: Quote, Profile, Research) , once run by Vice President Dick Cheney, said an internal probe found information suggesting that members of a consortium
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The controversial awarding of a key Iraqi oil contract to US giant Halliburton is now being investigated by the FBI, it has been claimed.
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The United States has confidence in UN Secretary General Kofi Annan but wants an investigation into the UN oil-for-food programme in Iraq completed, US Secretary of State Colin Powell said on Thursday.
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Various investigations into an alleged &#36;180 million bribery scandal in Nigeria involving a Halliburton Co. subsidiary and other companies have indicated that payments may have been made to Nigerian officials, the company said in a regulatory filing.
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The U.S. Army had granted Halliburton a third extension to substantiate its costs in Iraq and Kuwait.
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Following questions about performance of Halliburton subsidiary, the U.S. Army plans to rebid portions of a giant logistical contract with the company for food, housing and other troop support in Iraq.
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The U.S. Army is laying the groundwork to let Halliburton Co. keep several billion dollars paid for work in Iraq that Pentagon auditors say is questionable or unsupported by proper documentation, the Wall Street Journal reported on Friday.
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WASHINGTON : US oil service firm Halliburton has acknowledged that improper payments &quot;may have been made&quot; to Nigerian officials through a consortium of which it was a member.
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HOUSTON, Texas, Oct 26  - Halliburton, the oil services giant once run by US Vice President Dick Cheney, Tuesday reported a quarterly loss and only meagre pickings from its vast operations in Iraq.
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The US Army is studying a possible compromise with Halliburton Co. that might allow the company to keep several billion dollars in disputed billings for work in Iraq, defense officials said on Friday.
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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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The United States said Tuesday it will conduct &#39;&#39;a full investigation&#39;&#39; along with the Iraqi government of the reported disappearance
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HOUSTON -- Halliburton Co. says an internal investigation has found that a consortium it later took over had once considered bribing Nigerian officials to win an energy contract.
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British energy giant BP has agreed to pay 373 million dollars in fines and restitution to settle several US government investigations, officials said Thursday.
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Halliburton said Monday the U.S. Army had decided to give the company more time to resolve a billing dispute before withholding payment of up to 15 percent of the company's bills in Iraq and Kuwait.