Halliburton and KBR in the News
Halliburton and KBR have broken up – and breaking up is hard to do. But no sad faces, y’hear? Everything’s A-OK for the billionaire war and oil profit set.
They are diggin’ the new headquarters in Dubai – way better than Houston. Texas is so over. Everything’s bigger in the United Arab Emirates.
Halliburton’s second quarter profits more than doubled.
Halliburton Co.’s profit more than doubled in the second quarter, getting a $933-million lift from the separation of former subsidiary KBR Inc. But even without that gain, the results still beat the consensus Wall Street forecasts for the oilfield services contractor. Its shares rose 4 percent. Earnings were $1.5 billion for the April-to-June period, which amounted to $1.62 per share, compared with income of $591 million, or 55 cents a share, in the year-ago period, Halliburton said yesterday. Revenue in the quarter rose 20 percent, to $3.7 billion from $3.1 billion a year ago.
Despite various scandals, the war profiteering and corruption continue. It’s such a great feeling to know that we support such great causes with our tax dollars – we are so lucky that they get all those no-bid contracts…
And what a relief! A federal judge has decided that whistleblowers may not sue U.S. companies for fraud if payment for services was made in Iraqi (not U.S.) money. That’s going to save a LOT of aggravation.
Oh, yeah, and good ole’ Dick Cheney is still drawing one and a half million dollars a year from Halliburton for his excellent work – no conflict of interest there, nope. Nope.
Must-Reads
Former KBR employee pleads guilty in Kuwaiti kickback case- KBR Gets $8.5M Navy Contract Boost – Iraqi oil platforms
- Algeria, KBR Sign $2.88 Billion Gas Deal
- Justice Dept. opts out of whistle-blower suits
- U.S. judge limits use of fraud law against Iraq contractors
- Female ex-employees sue KBR, Hallburton
- KBR Completes Sale of Devonport Mgmt
- Halliburton Spies Profits to the East
- The Banality of Greed
- Iraq Vets Break Silence on Devastating Realities of War
Previous Posts
Does anyone else get the creepy crawlies when looking at Dick Cheney. Bush just looks like a monkey to me but Dick looks evil. *shiver*
[...] Clark Link to Article dick cheney Halliburton and KBR in the News » Posted at VirusHead on [...]
Me! Me! Sometimes I actually kind of like Bush – just not as President. Cheney really does scare me – for all sorts of reasons.
You might like this post on “tiny teeth” – which is an unfair-superficial-judgment sort of thing, but kind of funny too.
I LOVE that post! I agree totally! I’ve always thought if you can’t see someone’s top lip, they’re lying! Hehehehe…
They damn well better be turning a profit. It would be rather ridiculous for our troops to shed blood for a company that was “in the red”.
Actually, I don’t know of many military people who are fond of the company – they have a lot of reasons to dislike them (incompetence, fraud, war profiteering, etc). Their projects are unsatisfactory, and they overcharge the US gov for their services. On top of that, they took over a number of military jobs – which in practice meant that someone trained as a cook was sent out to do something else (oftentimes without training for that, becoming the weakest link in the unit). Then, on top of all this, they are not even counted as part of the US presence there. Like every other private contracter (armed or not), their casualties and wounded are not part of the US record.
They should not be there, period. The US has no right to be hiring these thugs and overpaid crooks to do anything in Iraq, or, anywhere. Privatization stinks and should be made illegal, in turns of government. But, gee whiz, look who has put them there and pushed for privatization of everything in the government…more even better paid thugs. Time for a roust.