Halliburton planning to restructure troubled KBR unit, may look to sell it
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HOUSTON -- Halliburton Co. said yesterday that it is restructuring its troubled engineering and construction subsidiary, KBR, and would consider selling or spinning it off should the division's stock performance fail to improve once asbestos litigation is resolved.
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Houston-based Halliburton Co. will lay off workers at its KBR subsidiary as part of a cost-cutting program and could sell the business if the company&#39;s stock performance does not improve.
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New York (dpa) - The US army plans within months to break up a 13-billion-dollar contract awarded to US company Halliburton to service troops in Iraq into at least six smaller contracts, according to a report Tuesday in The Wall Street Journal&#39;s online
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Halliburton 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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Halliburton Co. HAL.N, 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 Co. , the world's second-largest oil services company, is seeking stakes in emerging Gulf Arab firms to expand its operations in the region, pan Arab daily Asharq al-Awsat reported on Monday.
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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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The Army will rebid the multibillion-dollar contract under which a Halliburton Co. subsidiary has been providing services to troops around the world after years of complaints over how the deal has worked in Iraq.
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The Pentagon is to end the contract Halliburton has to service US troops in Iraq, the Wall Street Journal reports.
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HOUSTON -- Halliburton Co. said Monday second-quarter net income more than doubled to $1.5 billion, lifted largely by a $933 million gain from the separation of its former subsidiary, KBR Inc.
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Home Depot Inc. said Monday it is considering the sale of its wholesale distribution unit as the nation's largest home-improvement retailer renews its focus on its retailing business.
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MANAMA/HOUSTON  - U.S. oil services firm Halliburton Co.  is moving its headquarters and chief executive to Dubai in a move that immediately sparked criticism from some U.S. politicians.
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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. said Thursday it is restructuring its troubled engineering and construction subsidiary, and would consider selling or spinning it off should the division&#39;s stock performance fail to improve once costly asbestos litigation is resolved.
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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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Houston&#39;s Halliburton is considering selling its KBR unit, the object of numerous investigations, persistent losses and ongoing bankruptcy.
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NEW YORK, September 23  - The Halliburton Company (HAL.NYS) said today that it may sell its controversial engineering and construction subsidiary, KBR, if the company&#39;s share price performance did not match that of its peers.