Halliburton: Court Clears Asbestos Deal
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Halliburton Co. HAL.N on Friday said  a federal court had signed an order that would end the  company's asbestos liability later this month, clearing another  hurdle for two of its subsidiaries to emerge from bankruptcy.
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Singapore's High Court clears Deutsche Bank of conspiracy over the sale of shares in an Indonesian coal miner.
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HOUSTON -- Halliburton Co. said yesterday that it is restructuring its troubled engineering and construction subsidiary, KBR, and would consider selling or spinning it off should the division's stock performance fail to improve once asbestos litigation is resolved.
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SYDNEY: Australian building products firm James Hardie Industries NV may face criminal charges after a government inquiry found it broke the law by saying it had enough money in a fund to compensate thousands of asbestos victims.
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An order signed Monday by a federal bankruptcy judge in Pennsylvania clears the way for Halliburton&#39;s KBR unit to emerge from bankruptcy by year&#39;s end, according to the Houston company.
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Halliburton Co. , the world&#39;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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Halliburton Co. HAL.N, the world's  No. 2 oil field services company, on Tuesday posted a quarterly  loss as gains in its energy business were outweighed by $230  million in charges to fund its asbestos settlement.
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Halliburton, the Texas company once  run by Vice President Dick Cheney, has been given more than $10  billion worth of business in Iraq so far despite critical  audits and investigations into its work.
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SYDNEY - James Hardie Industries yesterday agreed to pay A$1.5 billion ($1.6 billion) in compensation to people with asbestos-related diseases.
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Halliburton Co. is gearing up to distribute $2.78 billion in cash and 59.5 million shares to thousands of asbestos and silica claimants, inching closer to leaving those inherited liabilities in the past.
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Embattled building products firm James Hardie Industries NV yesterday signed a landmark compensation deal for thousands of Australians battling asbestos-related disease after exposure to its products.
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Halliburton says its scandal-hit Kellogg, Brown & Root unit will emerge from bankruptcy as a US court signs off a $4.2bn asbestos settlement.
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Halliburton Co. said Monday a bankruptcy judge approved the final insurance settlement agreements between Halliburton subsidiaries and insurance carriers.
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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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Halliburton Co. posted a $44 million third-quarter loss Tuesday related to a pending settlement of asbestos claims, but the oil-services giant still beat Wall Street expectations amid record gains in its energy unit.
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Halliburton Co. has finalized an agreement to resolve outstanding issues with a troublesome project off the coast of Brazil, the company announced Wednesday.
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The Pentagon backed off its threat to withold its monthly payment of about $60 million a month from a Halliburton subsidiary, which provides services for troops.