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Halliburton's Iraq contract extended

By wire services
Published July 8, 2005

The military has agreed to pay a Halliburton subsidiary up to $5-billion for another year of care and feeding of U.S. forces in Iraq, a military spokeswoman said Thursday. The task order calls for Kellogg Brown and Root Services Inc. of Arlington, Va., to provide things like food and laundry service, showers, drinking water and other services for troops in Iraq. The job also includes some fuel transport and other services.

Auto layoffs push unemployment up

The number of U.S. workers filing first-time claims for unemployment benefits rose last week to 319,000, pushed up by seasonal layoffs in the auto industry and school closings. Initial claims rose by 7,000 for the week ended July 2, the Labor Department said Thursday. The less-volatile four-week moving average fell by 3,500 to 320,500, the lowest since the week ended March 4.

Sprint moving into wireless broadband

Sprint Corp. announced its arrival onto the wireless broadband scene on Thursday. Sprint Corp. plans to provide mobile broadband service to about 150-million people by early next year. The service, using Evolution Data Optimized technology, will be available in business districts and airports in 34 markets by the end of July. It came online this month in 17 of those markets. The company said rates will start at $40 per month for a limited-access plan, and unlimited access will cost business customers about $80 a month.

Manchester United woos Asian markets

Manchester United, under fire from dismayed fans at home who object to the takeover by Tampa Bay Buccaneers owner Malcolm Glazer, is working hard to impress Asian fans. Manchester United flies out on July 21 to play a series in Hong Kong, Beijing and Tokyo. Marketing director Peter Draper said opportunities for sponsorship and merchandising are ripe in the region.

Tampa lawyer is suspended

The Florida Supreme Court on Thursday suspended Tampa lawyer David S. Shankman from practicing law for 91 days, for a "pattern of dishonest and unethical conduct," including hiding from his law partners a $20,000 bonus he received from a client. Shankman will have to prove rehabilitation to be reinstated as an active member of the Florida Bar.

Morgan Stanley ex-chief gets bonus

Former Morgan Stanley chairman and chief executive Phil Purcell will receive $43.9-million in bonus money, $250,000 per year for life, health benefits and even office help as part of his severance with the company he led for eight years. Purcell, 61, will receive half his bonus money Jan. 15 and the rest exactly one year later.

Carl's Jr. restaurants expanding in Russia

CKE Restaurants Inc. said that a franchisee will open 50 Carl's Jr. hamburger restaurants in Russia over the next eight years, increasing by nearly 25 percent the number of CKE restaurants abroad. CKE, which is based in Carpinteria, Calif., and operates the Hardee's hamburger chain, said Carl's Jr. signed a franchising deal with Bright Star LLC, a Russian food company.

[Last modified July 8, 2005, 14:23:18]