SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : FREE AMERICA -- Ignore unavailable to you. Want to Upgrade?


To: Bill who wrote (1934)4/6/2006 3:32:44 PM
From: KLP  Read Replies (1) | Respond to of 14758
 
He's been spouting that for years. But speaking of Halliburton: Halliburton to pull out of Iran

US energy services company Halliburton is to end its operations in Iran after existing contracts come to an end.
Several American firms have been able to legally work in the country in the face of a US trade embargo, through foreign subsidiaries.

Halliburton, once run by US vice president Dick Cheney, said its Cayman Island unit secured revenues of $30m-$40m (£16-£21m) from Iran in 2003.

It said it was winding down its work due to a poor business environment.

Losses cut

Tension has been mounting between the two nations as the US suspects Iran of developing a nuclear weapons programme.

Iran has always denied this, saying that its nuclear development programme is purely for peaceful, energy-generating purposes.

Meanwhile, a recent Iranian gas field contract won by Halliburton sparked criticism in the US.

And a federal grand jury is looking at whether any violations of the Iran trade embargo had taken place.

Halliburton chief Dave Lesar said the firm would return to the country if US legislation changed or the business climate picked up.

Halliburton saw a loss of $201m in the fourth quarter of 2004, compared to a loss of $947m a year ago, when it was hit with charges related to settlement of asbestos claims.

The company is planning to sell or float its KBR subsidiary, which is being investigated for alleged overbilling on fuel and food service contracts from the Pentagon in Iraq.

Story from BBC NEWS:
news.bbc.co.uk

Published: 2005/01/30 10:51:11 GMT

© BBC MMVI



To: Bill who wrote (1934)4/6/2006 5:21:39 PM
From: American Spirit  Read Replies (3) | Respond to of 14758
 
Cheney continues to have 650,000 HAL options and an annual HAL salary of something like $200,000. You can also bet as soon as he leaves office a huge stash of stock will be waiting for him at HAL as well as an open invitation to be CEO again.

No company in US history has ever gotten anywhere near the amount of no-bid conjtracts as HAL. The day after Katrina, the only thing the WH did weas to award HAL another 500 Million no-bod contract. And HAL is very guilty of gouging and over-charging the goverbment on all of these contracts.

This is obviously gross corruption.