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Friday, January 07, 2005

For Cheney, Tarnish From Halliburton Firm's Fall Raises Questions About Vice President's Leadership There By Dana Milbank Washington Post Staff Writer Tuesday, July 16, 2002; Page A01 An executive sells shares in his energy company two months before the company announces unexpected bad news, and the stock price eventually tumbles to a quarter of the price at which the insider sold his. George W. Bush at Harken Energy Corp. in 1990? Yes, but also Richard B. Cheney at Halliburton Co. in 2000. …In the months that followed, it became clear that Halliburton's liability for asbestos claims, stemming from a company Cheney acquired in 1998, were far greater than Halliburton realized. Then, in May of this year, the company announced it was under investigation by the Securities and Exchange Commission for controversial accounting under Cheney's leadership that inflated profits. Halliburton shares closed at $13.10 yesterday on the New York Stock Exchange.   Bush talks about asbestos litigation during trip to Michigan January 7, 2005, 3:41 PM CLINTON TOWNSHIP, Mich. (AP) -- President Bush discussed ways to curb asbestos lawsuits Friday during a trip to Michigan, where auto companies have been hammered by lawsuits from people who say that asbestos made them ill. "We have too many junk lawsuits in our system. Pure and simple," said Bush, who made his first trip to the state since winning re-election in November.   4:57:41 PM    comment []