Halliburton: May Not Rebid for Iraq Work
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Halliburton Co. HAL.N 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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Halliburton Co. HAL.N said on  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., the biggest US contractor in Iraq, is being investigated by the Federal Bureau of Investigation to determine whether the company received special treatment in winning
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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 U.S. Army will withhold payment  on 15 percent of future invoices of Halliburton Co.'s HAL.N  logistics deal in Iraq due to a billing dispute that could cost  the company $60 million a month, the military said on Tuesday.
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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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Halliburton (HAL:NYSE - news - research) sank Tuesday after the Army chose not to extend a deadline for the company to explain its billing 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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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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Halliburton, the Texas company once  run by Vice President Dick Cheney, has been given more than $10  billion worth of business in Iraq so far despite critical  audits and investigations into its work.
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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.
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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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The Pentagon is to end the contract Halliburton has to service US troops in Iraq, the Wall Street Journal reports.
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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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Houston&#39;s Halliburton is considering selling its KBR unit, the object of numerous investigations, persistent losses and ongoing bankruptcy.
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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 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.