Report: Halliburton to Lose Iraq Contract
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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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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 U.S. Army will withhold payment on 15 percent of future invoices of Halliburton Co.'s logistics deal in Iraq due to an ongoing billing dispute, the company and the U.S. military said on Tuesday.
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The billing dispute between the US Army and Houston-based Halliburton Co. continues as the Army on Tuesday said it would withhold paying 15 percent of future invoices from Halliburton.
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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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Halliburton Co. on Tuesday said the US Army will withhold payments of 15 percent of future bills, apparently backtracking on an earlier deal.
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Halliburton Co., accused of  overcharging on its contract in Iraq, on Tuesday said it may  decide not to submit new bids for the business if the U.S.  military divides up the work too deeply.
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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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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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An international construction company has pulled out of its contract to rebuild Iraq's transportation systems, deciding it was too dangerous to stay, a spokesman for the U.S.-led reconstruction effort said Wednesday.
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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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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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HOUSTON - The U.S. Army will begin withholding 15 percent of its payments on Halliburton Co.'s future invoices for logistical support of troops in Iraq and Kuwait, the oil services conglomerate said Tuesday...
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In a sign that Iraq contracts did not provide the boon executives had expected from KBR, Halliburton is considering selling it.
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The U.S. Army is laying the groundwork  to let Halliburton Co. keep several billion dollars paid for  work in Iraq that Pentagon auditors say is questionable or  unsupported by proper documentation, the Wall Street Journal  reported on Friday.
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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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WASHINGTON, Sept 20 : US company Halliburton said Nigeria has not notified it about its decision to place an embargo on awarding government contracts to the oil services giant&#39;s subsidiary in the west African country.