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In Halliburton case, Supreme Court may sanction corporations lying to investors
The Supreme Court’s decision in the upcoming case Erica P. John Fund Inc v. Halliburton could prevent companies that deceive their investors from being held accountable, according to Jeff McCord of The Investor Advocate. In early January, the Supreme Court agreed to review a US appeals court ruling that denied…
Haliburton’s profit rises, tops Wall St. view
NEW YORK (Reuters) – Halliburton Co , the world’s second-largest oilfield services, reported higher quarterly profit as drilling activity in its North American market remained strong. Fourth-quarter net profit rose to $605 million, or 66 cents per share, from $243 million, or 27 cents per share, a year earlier. Excluding…
US probe shares out ‘systemic’ blame for oil spill
A US panel has spread blame for the deadly Gulf of Mexico oil spill beyond BP to Halliburton and Transocean, accusing all three of “systemic” management failures that could happen again. The presidential commission’s assessment was part of its final report on the deadly April blowout of BP’s Macondo well,…
‘Systemic’ problems that led to Gulf spill could recur: panel
WASHINGTON — The deadly Gulf of Mexico oil spill was the result of “systemic” management problems and could recur if reforms are not embraced, a US presidential panel probing the disaster said Wednesday. The assessment by the National Oil Spill Commission was in a chapter from its report on the…
Nigeria’s deal to drop Cheney charges called illegal
Lawyers and media pundits in Nigeria are accusing the government of acting illegally by agreeing to settle criminal bribery charges against Dick Cheney out of court. Nigeria charged Cheney and applied for an Interpol arrest warrant earlier this month in connection with a $180-million bribery case. Cheney’s former employer, Halliburton,…
Halliburton reportedly agrees to pay Nigeria $250 million to drop bribery charges against Cheney, firm
The massive industrial conglomerate Halliburton has reportedly offered to pay $250 million to settle charges against its former chief executive, ex-Vice President Dick Cheney, in a multi-million dollar bribery case. Nigeria filed charges against Cheney last week in an investigation of alleged bribery estimated at $180 million. Prosecutors named both…
Halliburton may pay $500 million to keep Cheney out of prison: report
Oilfield services company Halliburton is in negotiations with the Nigerian government to keep its former CEO, Dick Cheney, out of prison, according to a news report. Sources inside Nigeria’s Economic and Financial Crimes Commission told GlobalPost this week that a settlement keeping the charges against Cheney out of court could…
Nigeria files bribery charges against Dick Cheney
Nigeria’s anti-corruption agency on Tuesday charged former U.S. Vice President Dick Cheney over a bribery scheme involving oil services firm Halliburton Co. during time he served as its top official, a spokesman said. The charges stem from a case involving as much as $180 million allegedly paid in bribes to…
Nigeria to charge Dick Cheney in $180 million bribery case, issue Interpol arrest warrant
The energy services company Dick Cheney ran prior to becoming Vice President of the United States was atop the tongue of liberals each time it was awarded a contract in Iraq. Now the company’s name, Halliburton, is being spoken somewhere else: Nigeria. According to a story filed late Wednesday, Cheney…
EPA subpoenas Halliburton over gas drilling
EPA issues subpoena to Halliburton for information on chemicals used in hydraulic fracturing The Environmental Protection Agency subpoenaed energy giant Halliburton Tuesday, seeking a description of the chemical components used in a drilling technique called hydraulic fracturing. The EPA said it issued the subpoena after Texas-based Halliburton refused to voluntarily…
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