Halliburton Posts &#36;44 Million Loss
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Halliburton Co.  , the world's No. 2 oil field services company, on Tuesday posted a third-quarter net loss as charges from its asbestos liability weighed.
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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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Quarterly losses narrowed to $59 million, or 16 cents per share, from $139 million, or 43 cents per share, a year ago. Excluding about $63 million in restructuring, transformation and integration costs, the
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Halliburton unit Kellogg Brown and  Root, the U.S. military's biggest contractor in Iraq, could not  account for over a third of the items it handled in Kuwait  under a work order for the U.S. occupation authority in Iraq,  said an audit released on Thursday.
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HOUSTON, Texas, Oct 26  - Halliburton, the oil services giant once run by US Vice President Dick Cheney, Tuesday reported a quarterly loss and only meagre pickings from its vast operations in Iraq.
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Halliburton Co. HAL.N , the world's  No. 2 oil field services company, on Tuesday posted a  third-quarter net loss as charges from its asbestos liability  weighed.
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A shipment of radioactive material  ordered by Halliburton Co. that went missing in New Jersey was  found in Boston on Wednesday, the company said in a filing to  federal regulators this week.
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A federal judge in Dallas yesterday rejected a $6 million settlement in a shareholder suit that alleged Halliburton Co. engaged in accounting fraud, saying the lead plaintiffs&#39; lawyer mishandled the case and may have settled for too little money.
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MCI Inc. yesterday reported a loss of $3.4 billion during its third quarter, reflecting its recent decision to write down the value of its telecommunications network.
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The United States army will withhold payment of up to $60m (£32.8m) a month on future invoices submitted by Halliburton, the firm formerly run by vice-president Dick Cheney, due to a continuing dispute over work done in Iraq.
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Halliburton reported a loss in the third quarter, hurt by charges from discontinued operations related to the settlement of asbestos and silica claims.
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Halliburton plans to shed its KBR engineering and construction unit if the company's share performance does not match its peers, it said today.
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NEW YORK, Aug 17  - In an otherwise listless credit market, Halliburton has created some drama with its ongoing saga with the Army over its accounting for $1.8 billion of work in Iraq and Kuwait.
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BP reported a 45 percent fall in  third-quarter replacement-cost profit to $3.867 billion due to  lower oil and gas production, problems at its refining division  and fewer asset sales which had flattered the year-earlier  result.
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Reported profit of $44 million for third quarter over a loss of $31 million a year ago and predicts 10% increase in sales for the 4th quarter.
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Halliburton Co., the world&#39;s No. 2 oil field services company, posted a quarterly loss today as gains in its energy business were outweighed by $230 million in charges to fund its asbestos settlement.
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The company reported a $1.63 billion loss in the fourth quarter as whopping charges for its Vioxx litigation settlement and other items dragged down results.