July 28, 2004

Forbes.com: Judge Gives Nod To $4.2B Asbestos Settlement

"Tara Murphy, 07.27.04, 5:15 PM ET

NEW YORK - In the headlines this afternoon, reports say Halliburton says two of its units are moving closer to emerging from Chapter 11 bankruptcy, after a U.S. District Court judge approved a $4.2 billion asbestos settlement. "
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"Halliburton's (nyse: HAL - news - people ) Dll Industries, which it acquired as Dresser Industries in 1999, and KBR filed for bankruptcy earlier this year to handle the asbestos claims."

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