Halliburton: Army to Withhold Payments
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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 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 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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The US 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
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Halliburton Co. (HAL.N: Quote, Profile, Research) , the world&#39;s No. 2 oil field services company, on Tuesday fell to a quarterly loss as $230 million in charges to fund its
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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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The Pentagon&#39;s internal watchdog is looking into claims by a top Army contracting official that a Halliburton Co. subsidiary unfairly won no-bid contracts worth billions of dollars for support services in Iraq and the Balkans.
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The Army awarded a contract worth up to $150 billion to feed, house and provide other services to U.S. troops in Iraq, Afghanistan and Kuwait, spreading among three companies work that recently had been linked to a single, controversial contractor: Halliburton.
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The U.S. Army Corps of Engineers'  top contracting official on Friday called the government's  grant of multi-billion dollar contracts to oil services giant  Halliburton the worst case of contracting abuse she has ever  seen.
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Halliburton has acknowledged that payments may have been made to Nigerian officials as part of an alleged $180 million bribery scandal, according to an SEC document filed by the Houston-based company on Friday.
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News Item: &quot;The US Army has threatened to partially withhold payments to Halliburton due to allegations of overcharges for food, shelter and services.&quot; ...
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WASHINGTON : The Pentagon will withhold 15 percent of future payments to Halliburton after accusing it of inadequate accounting for contract work in Iraq and Kuwait, the firm said.
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The US Army will begin withholding 15 percent of its payments on Halliburton Co.&#39;s future invoices for logistical support of troops in Iraq and Kuwait, the oil services conglomerate said Tuesday.
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WASHINGTON - The US Army wants to know how a threatened plan to withhold $60 million a month in a billing dispute might affect Halliburton Co.&#39;s ability to support US troops in Iraq.
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The inspector general for Iraq&#39;s reconstruction yesterday threw his weight behind withholding some payments from Halliburton Co.
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Halliburton's engineering and  construction unit KBR expects its billing dispute over meals  for U.S. troops in Iraq to be settled soon, a senior KBR  executive said on Tuesday.
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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.