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.
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
- US Concentration Camps
- Corporate Violators
- Plea for Help from a Soldier in Iraq
- Halliburton Audit
- Way Beyond Republican