Halliburton

Is Halliburton Forgiven and Forgotten? Or How to Stay Out of Sight While Profiting From the War in Iraq

Wed, 03 Jun 2009

At Halliburton's recent annual shareholders meeting in Houston, all was remarkably staid as the company celebrated its $4 billion in 2008 operating profits, a striking 22% return at a time when many companies are announcing record losses. Just three months ago, however, Halliburton didn't hesitate to pay $382 million in fines to the U.S. Department of Justice as part of the settlement of a controversial KBR gas project in Nigeria in which the company admitted to paying a $180 million bribe to government officials.

Bush is gone, but Halliburton keeps cashing checks

Wed, 03 Jun 2009

All was remarkably staid as shareholders celebrated Halliburton's $4 billion in operating profits in 2008 at the company's recent AGM in Houston, a striking 22 percent return at a time when many companies are announcing record losses. At the same time, Sen. Byron Dorgan's Senate Democratic Policy Committee was holding a hearing on Capitol Hill focused on abuses by former subsidiary KBR.

US: U.S. Cracks Down on Corporate Bribes

Tue, 26 May 2009

The Justice Department is increasing its prosecutions of alleged acts of foreign bribery by U.S. corporations, forcing them to take costly steps to defend against scrutiny. The crackdown under the Foreign Corrupt Practices Act, or FCPA -- a post-Watergate law largely dormant for decades -- now extends across five continents and penetrates entire industries.

Book Release: "Halliburton's Army: How A Well-Connected Texas Oil Company Revolutionized The Way America Makes War"

Tue, 03 Feb 2009

In "HALLIBURTON�S ARMY: How a Well-Connected Texas Oil Company Revolutionized the Way America Makes War" (Nation Books; February 9, 2009; $26.95), muckraking journalist Pratap Chatterjee conducts a highly detailed investigation into Halliburton and its former subsidiary KBR�s activities in Kuwait and Iraq, uncovering much new information about its questionable practices and extraordinary profits.

An extended interview with the author of Halliburton�s Army: How a Well-Connected Texas Oil Company Revolutionized the Way America Makes War.

Sat, 31 Jan 2009

Interview with CorpWatch managing editor Pratap Chatterjee, on his forthcoming book, "Halliburton's Army," published by Nation Books and available in books stores on February 2, 2009.

US: Halliburton Ex-Official Pleads Guilty in Bribe Case

Thu, 04 Sep 2008

In a wide-ranging foreign-corruption investigation, fired former Halliburton Co. executive Albert J. "Jack" Stanley pleaded guilty to orchestrating more than $180 million in bribes to senior Nigerian government officials. The bribes were used to win a contract to build a liquefied-natural-gas plant in Nigeria.

US: KBR stake under attack

Fri, 20 Jun 2008

Sacramento for Democracy and other groups presented CalPERS with what they said were the names of 20,000 petitioners asking the fund to shed its KBR holdings. CalPERS owns about $27 million in KBR stock.

KATRINA: Audit Faults KBR's Repairs of Hurricane Damage

Wed, 18 Jun 2008

Efforts by defense contractor KBR to repair hurricane-damaged Navy facilities were deemed shoddy and substandard, and one technical adviser alleged that the federal government "certainly paid twice" for many KBR projects because of "design and workmanship deficiencies," the Pentagon's inspector general reported in an audit released yesterday.

US: Army Overseer Tells of Ouster Over KBR Stir

Tue, 17 Jun 2008

Charles M. Smith, the senior civilian overseeing the multibillion-dollar contract with KBR during the first two years of the war, says he was ousted for refusing to approve payment for more than $1 billion in questionable charges to KBR. The Pentagon has recently awarded KBR part of a 10-year, $150 billion contract in Iraq.

Over the Counter Intelligence

Fri, 13 Jun 2008