Dubai Firm Gives Up Stake in U.S. Ports

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Helen8
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Dubai Firm Gives Up Stake in U.S. Ports

Post by Helen8 » Thu Mar 09, 2006 2:42 pm

News Alert 1:58 p.m. ET Thursday, March 9, 2006
Dubai Firm Gives Up Stake in U.S. Ports
The United Arab Emirates company that was attempting to take over management operations at six U.S. ports announced today that it will divest itself of all American interests.

The announcement appears to head off a major confrontation that was brewing between Congress and the Bush administration over the controversial deal.

For more information, visit washingtonpost.com


One hopes that the tide has turned.

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