Two Halliburton Units Exit Bankruptcy
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Oilfield services company Halliburton  Co. HAL.N on Monday said its subsidiaries Kellogg Brown &  Root and DII Industries have emerged from the year-long  bankruptcy proceedings it instigated to facilitate a $4.2  billion asbestos settlement.
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A federal judge in Texas yesterday threw out a lawsuit against Halliburton Co. that had been brought by survivors and the families of those killed when a fuel convoy was assaulted by insurgents outside Baghdad in April 2004.
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Halliburton Co. HAL.N, the world's  No. 2 oil field services company, on Tuesday posted a quarterly  loss as gains in its energy business were outweighed by $230  million in charges to fund its asbestos settlement.
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US energy services company Halliburton is to end its operations in Iran after existing contracts come to an end citing a poor environment.
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Halliburton said it will restructure and may even sell its Kellogg, Brown and Root subsidiary, the business at the root of recent controversy.
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Halliburton Co. (HAL.N: Quote, Profile, Research) , beset by controversy over its work in Iraq, plans to shed its KBR engineering and construction unit if the oilfield services company&#39;s
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Halliburton Co. (HAL.N: Quote, Profile, Research) said on Monday a bankruptcy judge approved the final insurance settlement agreements between Halliburton subsidiaries and insurance carriers.
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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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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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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.
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The US Army plans within months to break up Halliburton Co.&#39;s contract to provide support services for US troops in Iraq -- valued at up to $13 billion -- and open the work to competitive bids, the Wall Street Journal said on Tuesday
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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 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 &#36;13 billion -- and open the work to competitive bids, the Wall Street Journal said on Tuesday, citing an internal Army memorandum.
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Petroleum giant Halliburton Co., on Thursday said its engineering and construction unit KBR will be reorganized from five product lines to two divisions - energy and chemicals, and government and infrastructure.
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DUBAI, United Arab Emirates -- Oil services giant Halliburton Co. will soon shift its corporate headquarters from Houston to the Mideast financial powerhouse of Dubai, chief executive Dave Lesar announced Sunday.
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Halliburton pulled something of a surprise by doing well even in the North American market.
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Unit, a big operator in Iraq, will be separated if it doesn&#39;t perform after restructuring. NEW YORK  - Halliburton Co.