Halliburton Is to Pay Off 7.5 Million

US oil and gas service company Halliburton Co. is to pay $7.5 million to settle a Securities and Exchange Commission investigation that it failed to disclose a change in its accounting procedures in 1998 when the Compayn was run by current US Vice President Dick Cheney.

Besides the company's fine, former Halliburton controller, Robert C. Muchmore, Jr., will pay a $50,000 penalty, the SEC announced Tuesday.