HOUSTON -- Halliburton Co. on Thursday posted a net loss of $947 million for the fourth quarter 2003 because of a $1.1 billion charge related to the oilfield services conglomerate's pending $4.17 billion settlement of hundreds of thousands of asbestos claims.
Including the charge, the company reported a loss of $2.17 per share, compared with a net loss of $616 million, or $1.42 per share, in the fourth quarter 2002, which also reflected losses related to the asbestos settlement.
<snip>
Halliburton inherited the asbestos claims when the conglomerate, while under Cheney's leadership, bought Dresser Industries Inc. for $7.7 billion. Cheney left Halliburton in 2000 to be President Bush's running mate.BTW: He got a 35 million dollar parachute when he left. Corrupt ain't the word for this thief!
http://www.newsday.com/business/nationworld/wire/sns-ap-earns-halliburton,0,984787.story?coll=sns-ap-business-headlines