In business news, the U.S. oil services giant Halliburton has announced it will move its corporate headquarters from Houston to the city of Dubai in the United Arab Emirates. Halliburton is the biggest U.S. contractor operating in Iraq. Democratic Senator Patrick Leahy said, “This is an insult to the U.S. soldiers and taxpayers who paid the tab for their no-bid contracts and endured their overcharges for all these years.” House Oversight and Government Reform Committee Chairman Henry Waxman said his panel will hold hearings on Halliburton’s move and discuss the ramifications for the U.S. taxpayer and national security.