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Showing posts with label halliburton. Show all posts
Showing posts with label halliburton. Show all posts

Friday, August 10, 2012

Facebook or al Qaeda? Investors Struggle with Dilemma

SAN NARCISO, Calif. (Bennington Vale Evening Transcript) -- Two of the world's most well-known violators of privacy and security are now being questioned by investors about their long-term sustainability after recent revelations of destabilized leadership and lackluster performance. Facebook disappointed shareholders last week when it reported a decline of over 13 percent. As a result, shares slumped to $21.71 at the close in New York on July 31. After three consecutive days of decline, the world's largest social network reported a drop to 6.2 percent -- an historic low. All in all, Facebook's value has waned 43 percent since its IPO. Like Facebook, international terror group al Qaeda has also delivered equally disappointing second-quarter figures. In a report issued last Tuesday, U.S. intelligence agencies declared terrorist attacks by al Qaeda to have reached their lowest levels since 2005. Analysts at Sanford C. Bernstein noted that both enterprises have created a difficult predicament for investors seeking to gain from long-term solvency and returns. "Still, if I were looking at the business model with the most staying power, something not easily displaced by the next new fad, I'd put my money on al Qaeda," said one economist.

Friday, December 10, 2010

Cheney Asks Americans for Money to Access Nigerian Bank Account and Fight Criminal Charges, Promises to Share Portion of Funds

ABUJA, Nigeria -- Earlier this week, the West African nation of Nigeria charged former U.S. Vice President Dick Cheney with siphoning over $180 million in bribes to government officials. If convicted, Cheney could face three years in a Nigerian prison. Nigeria’s Economic and Financial Crimes Commission accused Cheney of making the payments while he was in charge of KBR, Halliburton’s engineering subsidiary prior to its divestiture in 2007. KBR admitted to the bribes and agreed to pay fines in the neighborhood of $597 million. International sources report that Halliburton is now entertaining a plea deal with Nigeria in which the company will settle the charges against Cheney for $500 million. But when Halliburton’s directors expressed skepticism about their ability to raise the capital in time, Cheney began sending emails to American citizens, asking for financial assistance.

 
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