Halliburton Posts $44 Million Loss
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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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Washington Mutual Inc , the largest U.S. savings and loan, suffered a larger-than-expected $1.87 billion fourth-quarter loss on Thursday, battered by mortgage defaults and write-downs.
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The company posted a wider-than-expected fourth-quarter loss, burdened by a 35 percent jump in its fuel bill.
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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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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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WASHINGTON - The Pentagon has hastily reversed a decision to partially withhold payments to Halliburton, the biggest US contractor in Iraq.
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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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Delta Air Lines Inc , the No. 3  U.S. carrier, on Wednesday posted a fourth-quarter net loss on  skyrocketing fuel prices that have also hammered its rivals.
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World No. 2 oil field company said profit squeezed by asbestos settlement, revenue higher on Iraq. HOUSTON  - Halliburton Co.
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WASHINGTON : The Pentagon will withhold 15 percent of future payments to Halliburton after accusing it of inadequate accounting for contract work in Iraq and Kuwait, the firm said.
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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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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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WASHINGTON - Halliburton&#39;s stock was shelled early Tuesday by reports that the Army had decided to withhold a large chunk of the payments under a massive contract to support troops in Iraq.
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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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The nation&#39;s largest defense contractor will take a $110 million charge against its fourth quarter earnings after losing a court bid to salvage at least some of the money it pumped
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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 quarterly  loss as gains in its energy business were outweighed by $230  million in charges to fund its asbestos settlement.