Halliburton Posts Loss on Charges - Democratic Underground

maddezmom

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Fri Jul-23-04 06:30 AM
Original message

Halliburton Posts Loss on Charges

NEW YORK (Reuters) - Oil field services company Halliburton Co. (NYSE:HAL - news) on Friday posted a second-quarter net loss, as extraordinary charges outweighed robust oil drilling activity around the globe.

The Houston company reported a net loss of $663 million, or $1.51 per share, versus a net profit of $26 million, or 6 cents per share, in the year-ago period.

http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm/20040723/bs_nm/energy_halliburton_earns_dc

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Atman

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Fri Jul-23-04 06:58 AM
Response to Original message

1. All right! Write off that loss and stick it to the taxpayers!

Whoopee! Cheney gets a double-payout from his puppet boy!

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w4rma

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Fri Jul-23-04 07:03 AM
Response to Original message

2. Why is Reuters portraying Halliburton as the victim?

Edited on Fri Jul-23-04 07:04 AM by w4rma

Look at the adjectives:
extraordinary charges outweighed robust oil drilling

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maddezmom

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Fri Jul-23-04 07:11 AM
Response to Reply #2

3. perhaps a play on words

"extraordinary charges"...like the overcharging done to the US Gov't???

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w4rma

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Fri Jul-23-04 07:29 AM
Response to Reply #3

4. I read it as "extraordinary court charges". As in we should feel sorry for

Edited on Fri Jul-23-04 07:29 AM by w4rma

Halliburton. The courts should be lenient on them because of their "robust oil drilling activity around the globe".

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maddezmom

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Fri Jul-23-04 09:32 AM
Response to Reply #2

6. the link is updated to include Cheney and justice investigation

The company, formerly headed by Vice President Dick Cheney (news - web sites), has been embroiled in controversy surrounding its work in Iraq, where its KBR unit, formerly Kellogg Brown & Root, is the biggest contractor.

The U.S. Justice Department (news - web sites) is investigating possible $61 million in fuel-delivery overcharges under the contracts, and the military has withheld hundreds of millions of dollars in payments for meal services while it reviews the company's bills.

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underpants

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Fri Jul-23-04 07:31 AM
Response to Original message

5. He couldn't run a railroad in Richmond!!!!

Oh sorry that was what Carville said about Treasury secretary Snow, same thing applies here.

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Beetwasher

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Fri Jul-23-04 09:35 AM
Response to Original message

7. Halliburton Is Being Used As A Shell and a Funnel

All the money from Iraq is being looted, so it can't show up in Halliburton's coffers. It's being laundered and funneled into the Cayman's I'd be willing to bet.

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