Halliburton may ditch Iraq deal
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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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The Pentagon backed off its threat to withold its monthly payment of about $60 million a month from a Halliburton subsidiary, which provides services for troops.
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NEW YORK, August 18 (New Ratings)  The Halliburton Company (HAL.NYS) has reportedly gained more time to justify its bills to the US Army, regarding the company&#39;s contract to provide logistic services to the US troops in Iraq.
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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 an ongoing billing dispute, the company and the U.S. military said on Tuesday.
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The U.S. Army has agreed to reconsider the bids of companies that were eliminated from the competition to win the largest private security contract in Iraq, according to sources familiar with the matter.
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Halliburton Co. said yesterday that it is restructuring its troubled engineering and construction subsidiary, KBR, and would consider selling or spinning
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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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HOUSTON - The U.S. Army will begin withholding 15 percent of its payments on Halliburton Co.'s future invoices for logistical support of troops in Iraq and Kuwait, the oil services conglomerate said Tuesday...
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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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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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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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The U.S. military expects to decide  within a week whether to withhold 15 percent of bills paid to  Halliburton Co. HAL.N for work in Iraq, an Army spokeswoman  said Wednesday, as Democrats cried foul over why the Army was  flip-flopping on the issue.
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Halliburton Co. HAL.N 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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A name likely to come up in Tuesday's vice presidential debate is Halliburton, the Texas company once run by Dick Cheney that Democrats say is an example of cronyism because of its lucrative Iraq deals.
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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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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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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.