Halliburton executive defends accounting practice shift
Halliburton's David Lesar says top 10 peers book overruns as revenue when expected payment is received and defends legality. He cites a $2.2 billion asbestos liability through 2017, with $602 million uncovered by insurance, notes about 300,000 claims, and a $330 million tax after charge plus $391 million reserved for future claims. Also reports a $119 million loss on Petrobras project in Brazil.
MENTIONED IN THIS ARTICLE
David Lesar
Lesar
Dick Cheney
Halliburton
Hamilton, Rabinovitz & Alschuler Inc
Petrobras
Brazil
Shaw
Freedom
Wolgemuth
Shaw and Hoiles
Wall Street Journal
Clark named chief of UTPB police in West Texas
Cpl Sherrie Thompson noted Clark’s prior narcotics work and 26 years in policing. Chris Forrest described Clark’s command of five officers two guards and a sergeant. Clark, now Odessa Police Department internal affairs captain, will oversee UTPB operations and maintain ties with OPD as a new chief aims to improve morale and efficiency.
MENTIONED IN THIS ARTICLE
Sherrie Thompson
OPD
Clark
Thompson
UTPB
Chris Forrest
Forrest
Chris Pipes
Pipes
James Trimm
University of Texas At San Antonio
Odessa
West Texas
Freedom Communications owners to meet on liquidity options
Freedom Communications Inc. shareholders in Irvine will meet next month to discuss converting some stock to liquid assets. Possible moves include a buyback, employee program, an initial public offering, or a sale, though a full sale is deemed unlikely by CEO Samuel Wolgemuth. A final board decision is planned by year end.
MENTIONED IN THIS ARTICLE
Irvine
Calif
Freedom Communications Inc
Odessa American
Samuel C. Wolgemuth
Freedom
Wolgemuth
Tim Hoiles
Raymond Cyrus Hoiles
London
Christopher Shaw
Hoiles
Shaw
Robin Hardie
Hardie
Freedom’s
John Morton
Maryland
Orange County
Register
Colorado Springs
Gazette
Morton
Louisville Courier-Journal
Milwaukee Journal Sentinel
Milwaukee
MediaNews Group Inc
Los Angeles Daily News
Long Beach
Press Telegram
Denver Post
Menopause Workshop at TTUHSC Odessa Addresses Midlife Guidance
The Spirit of Women Conference at the Ector Theater offers a free, 6:30 to 8:30 p.m. workshop with TTUHSC Odessa gynecology experts. Pam Creger notes women seek practical day-to-day management, while speakers discuss defining menopause, diet and exercise, herbal treatments, and hormone replacement therapy risks and benefits. Attendees can ask questions in an open forum. preregistration is required via 640-2727.
MENTIONED IN THIS ARTICLE
Ttuhsc
Odessa
Pam Creger
MCH
Duff
Creger
Bergquist
McHattie
Dreger
EPA funding gap threatens Houston clean air plans
Gov Perry's office cites potential emission reductions as a substitute for missing funds after legislation for air programs collapsed. Sallas expected EPA to declare Houston failed to implement its plan due to money shortfalls. Tom Smith of Public Citizen warned the EPA stance signals graver consequences if funding is not fixed or alternative pollution cuts found.
MENTIONED IN THIS ARTICLE
Rick Perry
Sallas
EPA
Houston
Tom “Smitty” Smith
Texas
Public Citizen
Smith
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