A federal judge in New Orleans has ruled that Halliburton is not liable for the some of the compensatory damages sought by third parties in the worst oil spill in U.S. history, leaving BP responsible for the majority of those claims.
U.S. stocks ended mostly higher Tuesday as investors remain optimistic that a lasting solution to the eurozone debt crisis will be announced this week.
BP is accusing Halliburton of having "intentionally destroyed evidence" related to the explosion aboard an oil rig in the Gulf of Mexico that led to the worst oil spill in U.S. history.
Last summer a Halliburton executive did the unthinkable: He took a big ol' swig of hydraulic fracturing fluid.
They're pulling in fat paychecks, but now they're also homeless.
BP, Transocean and Halliburton all share responsibility for the deadly explosion that resulted in the April 2010 Gulf of Mexico oil spill, according to the final federal report on the matter released Wednesday.
U.S. stocks were headed for a flat open Monday, as investors mulled earnings results from McDonald's and Halliburton, with no market-moving economic reports on tap.
If the government does not take drastic steps, another deepwater oil spill like the BP spill in the Gulf of Mexico could devastate the coastal areas of the United States, an oversight commission warned Tuesday in a long-awaited report to the president.
More than eight months after an oil rig explosion launched the biggest oil disaster in U.S. history, Louisiana officials say they're still finding thick layers of oil along parts of the state's coastline.
The Supreme Court will decide whether a group of investors can sue energy services giant Halliburton as a broad class action.
President Barack Obama's commission investigating last year's oil disaster is giving environmental groups hope that some change is on the horizon, but not the full scope of what they're looking for, two groups told CNN Thursday.
"Systemic" problems caused the Deepwater Horizon blowout and subsequent oil spill and only "significant reform" will prevent another, President Barack Obama's commission studying the disaster says in its soon-to-be-released report.
Oilfield contractor Halliburton has agreed to pay Nigeria $35 million to settle bribery allegations that led to charges against former Vice President Dick Cheney and other executives, the company announced Tuesday.
Charges of bribery against former U.S. Vice President Dick Cheney and Halliburton by Nigeria's anti-corruption police may be dropped after an agreement to pay a $250 million fine.
Nigerian investigators say they have filed charges against former U.S. Vice President Dick Cheney and others connected to the energy services company Halliburton, accusing them of paying bribes to secure a lucrative natural gas project in the 1990s.
Charges are possible in a Nigerian investigation into whether Halliburton, the American energy services company, paid bribes to secure a lucrative natural gas project in the 1990s, Nigerian investigators said Friday.
(This article is part of Fortune's series on fracking .)
The blown-out well at the heart of the worst oil spill in U.S. history has been cemented shut and is "effectively dead," the federal government's point man for the disaster said Sunday.
Oil company BP shouldered some responsibility for the Gulf of Mexico oil disaster Wednesday after an internal investigation of the spill, but assigned much of the blame to contractors Halliburton and Transocean.
What did BP know about its troubled Gulf of Mexico well and when did they know it?
BP knew of problems with an offshore well hours before it exploded last month, spilling millions of gallons of oil into the Gulf of Mexico, a House committee chairman said Wednesday.
Executives from BP, Transocean and Halliburton are back in the hot seat Wednesday as a House Energy and Commerce subcommittee questions them about the Gulf Coast oil spill.
updated: Wed May 12 2010 07:17:00
CNN's Brian Todd reports on the finger-pointing between three oil industry titans over the Gulf spill.
A "black rain" of drilling fluid and a roar of escaping gas erupted from the doomed Deepwater Horizon shortly before the explosion that sank the oil rig, the captain of a nearby ship testified Tuesday.
updated: Tue May 11 2010 19:42:00
CNN's Ed Lavandera speaks with the ship captain who brought 115 survivors from the Deepwater Horizon safely to shore.
"Drill baby, drill" may have failed as a campaign slogan, but the mantra appears to be working for investors.
A series of civil lawsuits against defense contractors KBR and its former parent company Halliburton claims the companies endangered the health of U.S. troops and contractors in Iraq and Afghanistan by unsafely burning massive amounts of garbage on U.S. bases.
Halliburton Co. said Monday it swung to a net loss of $21 million in the third quarter, due largely to a nearly $700 million debt settlement, but the oilfield services provider said operating income topped $1 billion for the first time.
Stocks plunged Monday, with the Dow down as much as 800 points during the session, as the $700 billion bank bailout plan and European government attempts to prop up faltering banks failed to comfort panicky investors.
Stocks tumbled Friday, at the end of a down week on Wall Street, as spiking oil prices and another weak housing market report gave investors a reason to retreat ahead of a three-day holiday weekend.
updated: Thu Sep 20 2007 07:59:00
Did the Petraeus report or President Bush's speech change public opinion about Iraq? CNN's Bill Schneider takes a look.
A 1967 visit to the University of Wisconsin-Madison by a recruiter from Dow Chemical Co., which made napalm, sparked a bloody clash between police and protesting students and galvanized anti-war sentiment on campus.
Halliburton, the world's second-largest oil services company, said Monday that second-quarter profit from continuing operations rose 19 percent, topping Wall Street views, helped by new international contracts.
U.S. stocks gained at Monday's open on some deal announcements and solid earnings reports.
Halliburton subsidiary KBR has agreed to pay $8 million to settle allegations the firm overcharged the U.S. Army for logistical support of military operations in the Balkans in 1999 and 2000.
Five companies, including a subsidiary of military contract giant Halliburton, billed the U.S. government a total of $62.1 million for administrative operations, which is more than twice the amount those companies spent directly on the projects in Iraq that they had been contracted for, according to a report released Monday by the Office of the Special Inspector General for Iraq Reconstruction.
Halliburton ranks no. 306 on FORTUNE's Global 500 this year, with $21.0 billion in revenues, up 2.6% from the previous year. The Houston, Texas-based company was ranked no. 286 on the 2005 list. Its 2005 profits were $2.4 billion.
The headlines all screamed of a musical detente between Apple and Sony. But the headlines got it wrong. Sony is in fact adding support for AAC, a digital-music file format also used by Apple. But Sony isn't adopting FairPlay, the digital rights management system Apple uses in its iTunes Music Store to prevent piracy. Still, Sony's move will make it easier for iTunes users to move at least part of their music libraries onto Sony music players. Any songs they have ripped from CDs onto their hard drives in the unprotected AAC format -- the default setting in iTunes software -- will now play without requiring cumbersome recoding.
The administration's competence problem is already at the yadda, yadda, yadda stage. They were supposed to protect us from terrorist attack, they said Iraq would be a cakewalk, that we only needed 50,000 troops. They failed to plan for the occupation or Hurricane Katrina or the prescription drug plan. Yadda.
The Dow industrials are near 4-1/2 year highs -- both good and bad news for those betting that the long-lagging big-cap stocks are due for a comeback.
Halliburton Co. on Friday announced plans to spin off a minority portion KBR, its engineering and construction group, and perhaps sell parts of it.
It's no secret that compared to stocks like Apple and Google, which boast phenomenal growth as well as cultural cachet, some of the biggest names in tech look a little tired.
Bulls returning from the long holiday weekend should best be prepared to hit the ground running.
HOUSTON-BASED HALLIBURTON HAS spent much of the new millennium laboring to resolve a string of giant, self-inflicted headaches (see "The Truth About Halliburton," on fortune.com). But the company w...
■ Wal-Mart
In an age of ugly symbols, a handful of companies have come to serve as shorthand for what's wrong with corporate America. In 2004, Halliburton moved to the top of the roster.
The daughter of an American truck driver killed in Iraq last year has sued Halliburton and its subsidiary KBR, claiming that her father, Tony Johnson, was not properly shielded from harm in his work.
A former employee of Halliburton subsidiary Kellogg, Brown and Root has been indicted on fraud charges in connection with a military contract in Kuwait, the Justice Department announced Thursday.
A Halliburton Co. unit is facing new questions from Pentagon auditors about bills for supplying fuel to the U.S. military in Iraq as part of a no-bid contract to rebuild the country's oil infrastructure, according to a Wall Street Journal report Tuesday.
"HALLIBURTON!" CHIRPED THE employee who answered the telephone in Tehran. Tehran, the capital of the Islamic Republic of Iran, part of the "axis of evil"? Yes, the company was a tenant, confirmed t...
The FBI has made a formal request to interview the Army Corps of Engineers chief contracting officer who has alleged her agency unfairly awarded no-bid contracts worth billions of dollars to a Halliburton subsidiary for work in Iraq, law enforcement sources said Thursday.
Law enforcement sources told CNN Thursday that the FBI has made a formal request to interview Bunnatine Greenhouse, the Army Corps of Engineers chief contracting officer who went public last weekend with allegations her agency unfairly awarded Kellogg, Brown and Root, a Halliburton subsidiary, no-bid contracts worth billions of dollars for work in Iraq.
The H-bomb has become a major weapon in the Democratic arsenal. The "H" standing for "Halliburton."
Oil's persistent march to record highs and trouble for the Google IPO could dampen enthusiasm for U.S. stocks when markets open Wednesday.
Democratic presidential candidate John Kerry's campaign Wednesday called on the White House to release details of Vice President Dick Cheney's testimony in federal regulators' probe of the accounting practices of the company he once headed.
A Democratic senator Tuesday called for a congressional investigation into whether Vice President Dick Cheney had a role in awarding a no-bid contract in Iraq to his old company, the oil-services giant Halliburton.
Vice President Dick Cheney was a guest on NBC's Meet the Press last September when host Tim Russert brought up Halliburton.
Vice President Dick Cheney's office denied Sunday that he was involved in a coordinated effort to secure a multibillion dollar Iraq oil deal for Halliburton, his former employer.
In many ways it was a textbook example of urban warfare. In April a group of well-armed Shia militia in the Iraqi city of Najaf attempted to storm the local Coalition Provisional Authority offices....
How's this for an eye-popping stat? About two-thirds of Lockheed Martin's 130,000 employees are expected to quit within this decade. It's one more effect of the baby boom: 30 million of America's m...
Halliburton plans to bill the U.S. military $141 million for meals served to U.S. forces in Iraq, even though the charges had previously been questioned by Pentagon auditors, according to a published report.
Oil services firm Halliburton reported improved operating income that edged past Wall Street forecasts, although special charges led it to report a net loss for the period.
The promise of a big paycheck drew two Texas dads to Iraq and one says his son's voice helped him escape the violence and get back home alive.
The unidentified remains of four bodies have been found in Iraq near Baghdad, two U.S. State Department officials said Tuesday.
The Pentagon plans to withhold about $300 million in money owed to Halliburton under its contract to provide meals to U.S. troops in Iraq and Kuwait, the Pentagon said Wednesday.
The top U.S. military officer in Iraq has criticized Halliburton Co. (HAL) as stumbling in one of its most pressing assignments: the construction of new bases for U.S. troops in Iraq, Monday's Wall Street Journal reported.
Dow Jones Newswires
It took three cruise missiles and a direct hit by a 2,000-pound bomb to obliterate Baghdad's al Mamoun telephone exchange. Putting it back together has proved to be a bit more complicated. Bechtel ...
The Pentagon's investigation into allegations a Halliburton subsidiary may have overcharged for gasoline delivered to Iraq last year is now a criminal probe, the Pentagon said Monday.
The Pentagon's investigation into allegations a Halliburton subsidiary may have overcharged for gasoline delivered to Iraq last year is now a criminal probe, the Pentagon said Monday.
Kuwait's parliament will investigate whether the government misused public funds when it signed a contract with Halliburton Corporation to supply fuel to U.S. troops in Iraq.
Kuwait's parliament agreed Wednesday to investigate whether the government misused public funds when it signed a contract with Halliburton Corp. to supply fuel to U.S. troops in Iraq.
Halliburton subsidiary Kellogg, Brown and Root (KBR) will refund the U.S. government $27.4 million for potential over-billings at five dining halls in Iraq and Kuwait, according to a Pentagon statement.
Over the past few months Halliburton has been called a war profiteer, a beneficiary of crony capitalism, and a no-good Beltway Bandit. Its contracts are being eyeballed by congressional Democrats w...
Halliburton said Friday it has issued a check in the amount of $6.3 million to its customer, the Army Materiel Command, to cover potential overbilling charges by a subcontractor until its investigation of the situation is complete.
Halliburton Co. (HAL) has told the Pentagon that two employees took kickbacks valued at up to $6 million in return for awarding a Kuwaiti-based company with lucrative work supplying U.S. troops in Iraq, Friday's Wall Street Journal reported.
Offering a spirited defense of the company he once headed, Vice President Dick Cheney said Halliburton Co. is being maligned for its work in Iraq by political opponents of the Bush administration who are "feeling desperate."
The Pentagon is asking for additional bids to provide kerosene, gasoline and liquefied natural gas for Iraqi civilians in northern and southern parts of the country.
The Pentagon has asked its criminal unit to investigate allegations that Halliburton Co., the oil field services company once run by Vice President Dick Cheney, overcharged the U.S. government for fuel delivered to Iraq, three U.S. lawmakers said Friday.
Investors daring enough to buy Halliburton (HAL, $21) a year ago hit a gusher. Despite an ongoing SEC inquiry into certain accounting practices during the tenure of its previous CEO (Vice President...
From behind the obsidian mirrors of his wraparound sunglasses, Ray Rodon surveys the vast desert landscape of southern Iraq's Rumailah oilfield. Nearby, a burning well--torched by retreating Iraqi ...
However long the battle for Baghdad lasts, one thing is clear: Reviving Iraq's oil industry will take months. U.S. contractors say the country has the most decrepit energy infrastructure they've ev...
In the movie The Deer Hunter, the lead character plays a game of Russian roulette, with tragic consequences. Many investors are unknowingly making a similar gamble, thanks to the advent of so-calle...
The Republicans' reputation for business acumen has taken a Texas-size beating in recent months. First there was Enron. Now come persistent rumors that Halliburton, another Texas energy company wit...
For almost 20 years, the stock market has been booming. Sure, there have been ups and downs. There have been scares like the 1987 crash, when blue chips lost more than 20% in a single day. But ever...
When I first began as a financial journalist in 1979, oil-related stocks carried the kind of buzz that Internet issues do today. The price of crude was soaring, heading above $30 a barrel. And high...
In our March issue, we suggested that you stop chasing overvalued growth stocks and go where the herd wasn't grazing ("Invest Against the Grain"). This led us to unpopular spots like commodity stoc...
After trailing the most popular growth stocks for more than four years, value stocks have come to life in the past couple of months. The liveliest of all have been cyclicals--companies highly sensi...
Whatever happened to buy low, sell high? How come investors just keep buying higher? So high that the S&P 500 trades at 26.9 times 1999's estimated earnings--up from a P/E of 20 just two years ago....
HALLIBURTON (HAL); NYSE, $57.75; 1.7% yield
Those pained grunts you hear are the sounds of an economy that is clearly slowing down. But listen carefully, and you'll be able to identify the sweet music of a handful of industries where earning...
Anthony Orphanos, 49, lives in a loft in New York City's SoHo district with his wife, Wendy Jeffers, an art curator and writer, and claims that if stock picking is not an art, at least it's a craft...
Scared by the financial shakiness of some insurance companies, many corporations are shifting chunks of their employees' 401(k) and other retirement money away from guaranteed investment contracts ...
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