Halliburton Posts Loss on Asbestos Charge

HOUSTON (Reuters) - Halliburton Co. (HAL.N: Quote, Profile, Research) , the world's No. 2 oil field services company, on Tuesday posted a third-quarter net loss as it took $230 million in charges to fund its asbestos liability. The Houston-based company, formerly headed by Vice President Dick Cheney, said its net loss totaled $44 million, or 9 cents per share, compared with year-earlier net income of $58 million, or 13 cents per share.

News Source: Reuters | Published: November 2, 2004 | Read Full Story

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