Halliburton to Restructure Oil Services Company
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Halliburton said it would save between $80 million and $100 million each year by restructuring KBR.
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Halliburton Co. said yesterday that it is restructuring its troubled engineering and construction subsidiary, KBR, and would consider selling or spinning
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Petroleum giant Halliburton Co., on Thursday said its engineering and construction unit KBR will be reorganized from five product lines to two divisions - energy and chemicals, and government and infrastructure.
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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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Royal Dutch/Shell announced radical plans to merge its separate holding companies in an overhaul of its corporate governance structures after a review triggered by its oil reserves scandal.
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Halliburton (HAL:NYSE - news - research) named Andrew Lane chief operating officer as it prepares to make a decision on its Kellogg Brown &amp; Root unit.
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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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HOUSTON A judge ordered Halliburton Company to reinstate health insurance for retirees of its former Dresser Incorporated unit, ruling the company couldn&#39;t modify the health plans to eliminate the benefits.
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DALLAS (CBS.MW) -- Halliburton&#39;s shares closed higher Wednesday after the Army Materiel Command reversed its decision to withhold 15 percent of its future payments to the company under a contract to supply and support US troops 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. , the world's largest oilfield-services company, said its DII Industries and Kellogg Brown &amp; Root units exited bankruptcy, formalizing a $4.7 billion settlement of asbestos claims with more than 400,000 people.
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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 $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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Oil company Royal Dutch/Shell Group plans to move to a unified corporate structure, ditching a century-old dual-ownership system blamed for contributing to a reserves overbooking scandal.
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NEW YORK, September 3 (New Ratings) - An internal investigation into Halliburton Co (HAL.NYS) reportedly revealed that the company had considered bribing Nigerian officials to win contracts a decade back.
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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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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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Halliburton Co. , the world's second-largest oilfield-services provider, will move chief executive David Lesar to a new corporate headquarters in Dubai to help the company expand in the Middle East and Asia.