Halliburton swings to $1.1 billion profit, cites 2005 as company's best

[burythehatchet]

http://www.signonsandiego.com/news/business/20060126-1745-earns-halliburton.html

In a related story, US treasury misplaces another $1.1 billion dollars. :mad:

[CrazyOrangeCat]

1. Halliburton had a good year, huh?

How nice.

:argh:

[spindrifter]

2. There is a ton

of interesting stuff about these guys at http://www.halliburtonwatch.org/

But it's easy to get onto H*burton and grow dispondent about their absurd profits that are one-third of the money Congress approved for Iraqi reconstruction projects. More difficult is to follow some other money trails.

Right now my fave is QinetiQ, the British government defense company that sold one-third of its stock to Carlyle. QinetiQ, eager to maximize its interests, acquired some American businesses and now describes itself as

"We're dedicated to keeping America secure. Our expertise in homeland security covers a raft of essential issues, from airport scanning and border and transport control to cyber security."

They are into lots of high tech stuff, including nanomaterials,

"We're world leaders in scanning, imaging and sensor technology, which can be applied to anything from detecting suspect vehicles to securing mobile communications."

Check 'em out--http://www.qinetiq.com/

One of the American guys was a confrere of our Deputy Defense guy, the former Secretary of the Navy. Tight circles to keep the money pouring in.