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Dubai Firm Backs Out of Ports DealPosted on Mar 9, 2006AP: WASHINGTON - A Dubai-owned company abruptly abandoned its plan for managing operations at six U.S. ports Thursday, defusing an election-year showdown between President Bush and the Republican-controlled Congress over an issue that had become a political land mine for the GOP. “DP World will transfer fully the U.S. operations ... to a United States entity,” H. Edward Bilkey, the company’s top executive, said in the surprise announcement that seemed to spread relief throughout the Capitol and the White House. It was unclear which American business might get the port operations. Previous item: Spineless in South Dakota Next item: $25,000 Gives Indian Chief Access to Bush Elsewhere: . Are you a Truthdig member yet? Login now, or register with Truthdig. Add Your Comment
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