US army holds back payment to Halliburton
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Halliburton&#39;s row with the US Army intensified yesterday when the military said it would withhold 15pc of future invoices due to an ongoing dispute over billing practices.
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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 on Tuesday appeared to  reverse a decision to stop paying a portion of Halliburton  Co.'s HAL.N bills in Iraq and gave the company more time to  resolve a billing dispute.
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A Defense Department auditor last week criticized Army managers responsible for overseeing a giant logistical contract with Halliburton Co., saying in a memo they have not been firm enough in seeking justification for $1.8B in expenses for work in Iraq and Kuwait.
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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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Halliburton Co. HAL.N may decide not  to submit bids for the logistics contracts it holds in Iraq if  the U.S. military divides up the work too deeply, Chief  Executive Officer Dave Lesar told an analysts' conference in  New York on Tuesday.
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Halliburton Co. may decide not to  submit new bids for the logistics contracts it holds in Iraq if  the U.S. military divides up the work too deeply, Chief  Executive Officer Dave Lesar said on Tuesday.
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A US government auditor says the US Army should withhold 15 per cent of future payments to Halliburton for work in Iraq due to billing disputes - in a move that could cost the contractor tens of millions of dollars.
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The Federal Bureau of Investigation is investigating whether the Army&#39;s handling of a large Iraq contract with the Halliburton Company violated procurement rules, according to lawyers for an
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A US government auditor has backed a Pentagon recommendation to withhold payments to controversial US giant Halliburton over its work in Iraq.
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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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One of the US Army&#39;s top procurement officers yesterday called the Bush administration&#39;s grant of multibillion-dollar contracts to oil services giant Halliburton &quot;the worst case of contracting abuse she has ever seen&quot;.
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Halliburton said Tuesday that the US Army had decided not to grant it additional time to substantiate its costs for feeding and housing American troops in Iraq and Kuwait, a decision that could cost the company 15 percent of its payment.
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The billing dispute between the US Army and Houston-based Halliburton Co. continues as the Army on Tuesday said it would withhold paying 15 percent of future invoices from Halliburton.
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The US military said Monday no decision had been taken whether to discipline Army reservists who refused a supply mission last week, despite statements from their relatives that the soldiers would be discharged.
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Halliburton unit Kellogg Brown and  Root, the U.S. military's biggest contractor in Iraq, could not  account for over a third of the items it handled in Kuwait  under a work order for the U.S. occupation authority in Iraq,  said an audit released on Thursday.
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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.