Tuesday, April 20, 2010

Halliburton grows at home, yet weakness abroad

NEW YORK -- Halliburton said Monday its first-quarter profit slumped nearly 46 percent as the company saw drilling operations slow internationally.

Reversing a trend last year, the Houston company's results were propped up by a resurgence in the U.S., where crews have been working around the clock to tap natural gas deposits in underground layers of shale.


Read more:
http://www.sacbee.com/2010/04/19/2688546/halliburton-profits-drop-nearly.html#ixzz0lZVu3n5n

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