Tuesday, July 26, 2016

Halliburton sheds more jobs, looks to North America recovery

Halliburton sheds more jobs, looks to North America recovery: "Halliburton took a promissory note from "its primary customer" in Venezuela in exchange for $200 million of outstanding trade receivables, according to the statement. McCollum said at an investor conference last month that the company has a "need to really hit the brakes" in Venezuela because it’s not getting paid for the work being done there. The company said in May the amount it was owed in the country rose 7.4% in the first quarter to $756 million."

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