Halliburton Unit Gets a Positive Review From Pentagon
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The giant oil services company announced that a Pentagon review found that its purchasing-system practices "are effective and efficient and provide adequate protection of the Government's interest."
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Oil services company Halliburton Co   on Sunday said third-quarter net profit rose 19  percent, helped by a tax benefit, new international contracts  and higher activity from its customers.
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It was meant to be a morale boost. The Secretary of Defense Donald Rumsfeld stopped over to talk with troops in Kuwait on his way to Iraq.
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Halliburton Co. , beset by controversy over its work in Iraq, plans to shed its KBR engineering and construction unit if the oilfield services company's share performance does not match its peers, it said on Thursday.
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When Halliburton was awarded contracts worth more than $12 billion for work in Iraq, critics said that the company was using its political connections to reap big profits.
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The FBI has begun investigating whether the Pentagon improperly awarded no-bid contracts to Halliburton Co., seeking an interview with a top Army contracting officer and collecting documents from several government offices.
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THE INVESTIGATION: The FBI is looking into whether a subsidiary of Halliburton Co. improperly received lucrative federal government contracts for work in Iraq without competitive bidding.
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Halliburton, beset by controversy over its work in Iraq, said Thursday that it would sell its KBR engineering and construction unit if the oilfield services company&#39;s share performance did not measure up to sector rivals.
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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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SOLDIERS from the Welsh Cavalry were reported to be confident and positive yesterday as they prepared for a move to central Iraq to support American troops.
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Washington -- The inspector general for Iraq&#39;s reconstruction threw his weight Wednesday behind penalizing Halliburton Co. for its work in the war-torn country, concluding that the company&#39;s record keeping
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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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Iraq's government welcomes a positive report on the US troop surge by its top commander in the country.
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Description: The FBI will examine whether Pentagon officials committed fraud in their handling of a no-bid contract to a subsidiary of Halliburton before the Iraq War.
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Positive study results are a load off the company's mind.
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The U.S. 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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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.