Monday, October 22, 2007

Halliburton Profits Up 19 Percent

Yahoo.com reported today that oil services company Halliburton on Sunday said third-quarter net profit rose 19 percent, helped by a tax benefit, new international contracts and higher activity from its customers.

Halliburton, which earlier this year opened a headquarters in Dubai to capture contracts in faster-growing, more profitable Eastern Hemisphere markets, has been hit by pricing pressure in its largest North American market.

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