RealNews

Dubai Co. Sets Timetable for Ports Pullout

A Dubai-owned company is giving itself up to six months to sell all $700 million worth of its newly acquired U.S. port operations to an American buyer, a plan forced by congressional concerns over terrorism security. DP World, the world’s third-largest ports company, disclosed new details and the timetable Wednesday for its plans to surrender its U.S. businesses. The announcement was the first time it described its plans for the newly acquired U.S. operations as a “sale” to a single, unrelated American buyer and indicated it would retain no stake. Full Story

OODA Analyst

OODA Analyst

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