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Halliburton Buried as Investors Stop Believing
Halliburton's(HAL Quote) shares dove to nine-year lows Friday as investors lost faith in the company's claims that asbestos litigation would never catch up with it.
Shares of the Houston-based oilfield services company fell $8.11, or 38%, to $12.74, after a Baltimore jury ordered it to pay $30 million to plaintiffs who claimed they developed cancer after being exposed to products made by a unit of Halliburton's Dresser Industries. The unit, Harbison-Walker, was spun off by Dresser in 1992. ...
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