Halliburton balks at telling U.S. early of major deals

[maddezmom]

Source: Reuters

(Reuters) - Halliburton Co, which did the cement work for the BP Plc oil well that ruptured, has balked at an Obama administration request to provide advance notice of major transactions it may make, while Transocean Ltd said it would provide some details.

The Justice Department in June asked BP, which owns the well that spewed millions of barrels of oil into the Gulf of Mexico, Halliburton and other companies to give advance notice of any major transactions they plan to make, like asset sales or cash payments including dividends.

The request was made because of concerns that the companies might not have the funds to pay for any penalties or liabilities from clean up and recovery efforts, especially after news surfaced about Transocean's $3.3 billion stock repurchase program and a $1 billion stock dividend program.

A lawyer for Halliburton told the Justice Department that the company's board of directors considered the request and after weighing the views of its lawyers and management, decided not to comply.


Read more: http://www.reuters.com/article/idUSTRE6740BM20100805

[Hotler]

1. BP lawyers call Cheney for advice.

BP: Hey Dick, DOJ want us to inform them of major transactions what do you think?
The Dick: Tell them to go fuck themselves.

[leveymg]

2. Halliburton is now a Dubai company. They don't need to listen to us puny, impoverished Americans.

We're just the help. Like Bangladeshi maids.

[SpiralHawk]

3. "Hey, let's give Dubai our American ports, too." - Dickie 'Five-Deferments' Cheney (R)

& Commander AWOL Bush (R)

Can you believe that these chickenhawk chucklehead RepubliCorporate oil men wanted to give control of our US ports to their cronies in Dubai?

http://www.cfr.org/publication/9918/uae_purchase_of_american_port_facilities.html

Just shows how 'patriotic' the RepubliCorporate Homelanders aren't...

[Rosa Luxemburg]

4. The definition of corruption

[Enrique]

5. they "decided not to comply"

how about the U.S. government "deciding" not to award them enormous contracts?

[glitch]

6. No American should ever hire this Dubai company, it's dirty as hell.

And that goes for multinationals working in America and its waters too. It most certainly goes for the US government.

[Nihil]

7. TTT ...

... as I'm sure that all the vitriolic defenders of the Gulf want to
chime in with "Nationalize the bastards!" posts for this company too ...

Or maybe not?
:eyes: