Halliburton Says Army to Withhold Some Payments
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Halliburton Co. on Tuesday said the  U.S. Army will withhold payments of 15 percent of future bills,  apparently backtracking on an earlier deal.
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Shares of Halliburton Co., the world&#39;s biggest oilfield-services company, fell as much 1.6 percent in Germany after the Wall Street Journal said a contract worth as much as $13 billion with the US Army may be broken up.
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Halliburton Co.&#39;s multibillion dollar contract for work to support US troops in Iraq will be put back up for bids, according to a published report.
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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 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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The Army has agreed to a Pentagon investigation into claims by a top contracting official that a Halliburton subsidiary unfairly won no-bid contracts worth billions of dollars for work in Iraq and the Balkans, according to Army documents obtained Sunday.
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In a departure from normal policy, the Army said yesterday it will not withhold future payments to Halliburton Co., despite audit reports last summer that said the giant logistical contractor had not properly accounted for a wide variety of work in Iraq and Kuwait.
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HOUSTON -- Oilfield services giant Halliburton Co. on Tuesday swung to a loss in the third quarter ended Sept. 30, hurt by hefty charges from discontinued operations related to the settlement of asbestos and silica claims.
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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 Pentagon is to withhold a proportion of payments to US firm Halliburton which supplies meals to US troops in Iraq.
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A US government auditor backs a Pentagon recommendation to withhold payments to Halliburton over its Iraq work.
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WASHINGTON : US oil service firm Halliburton has acknowledged that improper payments &quot;may have been made&quot; to Nigerian officials through a consortium of which it was a member.
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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 an ongoing billing dispute, the  company and the U.S. military said on Tuesday.
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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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The Army should withhold nearly $90 million in payments to Halliburton because the politically connected firm can&#39;t justify what it charged America&#39;s temporary government in
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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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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.