Halliburton up in pre-open on court rule
Shares of oil services stock Halliburton (HAL) were up $1.59 in pre-open trading to $16.25 on Instinet amid a court ruling. Bankruptcy judge Judith Fitzgerald issued a temporary restraining order Thursday on more than 220,000 asbestos claims pending against Dresser, Halliburton said. The restraining order will remain in effect until a hearing before the judge takes place, probably within the next two weeks. Under the plan announced Friday, a trust will be set up to handle the large number of asbestos claims pending against Harbison-Walker. Halliburton said it holds exposure to Harbison-Walker claims through its Dresser Industries unit, which spun off Harbison-Walker in 1992.
So long, Calexa
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