Halliburton posts loss as asbestos charge weighs

The asbestos charge, which totaled $141 million in the quarter, is part of $2 billion settlement awaiting approval by a bankruptcy court judge. KBR, formerly called Kellogg Brown & Root, filed for bankruptcy in December to resolve the asbestos claims, and hopes to have the issue settled by the end of the year.

News Source: Reuters | Published: April 29, 2004 | Read Full Story

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