DRILLING

Halliburton culls 5000 more

LICKING its wounds from its failed tilt at taking over Baker Hughes, Halliburton has cut another 5000 jobs in the second quarter amid a $US3.21 billion loss, but has kept a tough demeanor during negotiations with customers, which are often akin to a "bar room brawl" these days amid hopes of a recovery.

Halliburton culls 5000 more

Halliburton paid a $3.5 billion termination fee during the second and mandatorily redeemed $2.5 billion of senior notes during the period, resulting in $41 million pre-tax of redemption fees and associated...

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