Dubai firm: Plan to sell US ports may fall apart
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Dubai Ports World warned yesterday that its deal to sell off major port operations in six US cities may fall apart if the Port Authority of New York and New Jersey does not drop demands for a multimillion-dollar payment.
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Dubai Ports World, which owns P&O, expects to make more than $4bn as it lists 17% of the firm's shares.
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DUBAI  - Dubai port, a leading world operator, signed a deal with the United States under which US officers will help screen US-bound containers that have been identified as a potential terrorist risk.
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U.S. security company Brink's Co.  may this week be urged by yet another major investor to sell part or all of itself, according to Barron's.
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The Nasdaq says it may work with a group planning a rival  trading platform if its London Stock Exchange bid fails.
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State-owned Dubai Ports World said on  Monday it had agreed to sell its U.S. port operations to an  American International Group  unit after relinquishing  control of them to allay concerns about U.S. national security.
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Dubai is paying $1.15 billion for the  global port assets of U.S.-based CSX Corp., outbidding the  world's two biggest container port operators for terminals in  Hong Kong and China as the region's trade soars.
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WASHINGTON - An US-based construction company has pulled out of its contract to rebuild Iraqâs transportation systems, deciding it was too dangerous to stay, a spokesman for the US-led reconstruction effort said Wednesday.
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LaBranche & Co. Inc. , which runs one of the largest equity specialist traders on the New York Stock Exchange floor, may consider selling all or part of itself to salvage its floor-trading business, a person familiar with the matter said on Monday.
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State-owned Dubai Ports World, which relinquished control over six U.S. ports in a political firestorm last year, is studying plans to build a container terminal in the Cuban port of Mariel, business sources said.
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Between five and eight U.S.   companies are vying for the U.S. port assets of Dubai Ports   World in a second round of the sales process, the official   overseeing the sale said in a letter to U.S. lawmakers obtained   by Reuters on Friday.
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The owner of Dubai stock exchange is  preparing an offer for Nordic stock market group OMX ,  rivaling the proposed $3.7 billion merger between OMX and U.S.  group Nasdaq , Telegraph.co.uk reported on Sunday.
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The furor over a company from the United Arab Emirates operating terminals at the Port of Newark has been nearly matched this week by turmoil surrounding its exit.
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DUBAI, United Arab Emirates -- A terminal under construction at Dubai International Airport collapsed Monday, a Dubai Civil Aviation Authority spokesman said.
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WASHINGTON -- Dubai Ports World warned Thursday that its deal to sell off major port operations in six U.S. cities may fall apart if the Port Authority of New York and New Jersey doesn't drop demands for a multimillion-dollar payment.
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Jones Apparel Group Inc.  is nearing a deal to sell its luxury Barneys New York department store chain to a private equity firm owned by the Dubai government, according to reports by two news organizations on Wednesday.
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Doubts over charges against a US firm underscore concerns about the legal system and foreign investment.