Tuesday, August 03, 2004

Halliburton Neither Admits Nor Denies Wrongdoing (But Will Pay)

US oil services group Halliburton is to pay USD7.5m (GBP4.2m) to settle charges that it failed to disclose a change in its accounting practices during 1998.


Guess the line-item "bribes for African dictators and mid-level bureaucrats" wouldn't fly with the SEC as an offset for ridiculous profits?

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