Articles > Newspapers > U.S. Newspapers, Local Markets A-Dh > Daily News (New York, NY) news wires > December 2006

Article: Dubai Ports World sells U.S. assets to AIG insurance.

Article from:
Daily News (New York, NY)
Article date:
December 12, 2006
Copyright

Byline: James Gordon Meek

Dec. 12--WASHINGTON -- The Dubai company operating six U.S. ports sold the assets yesterday to a New York insurance giant, months after bowing to pressure stemming from terror fears.

The United Arab Emirates-owned firm Dubai Ports World sold its U.S. holdings -- including in New York City and New Jersey -- to the investment

division of American International Group for an undisclosed sum, officials announced.

"This is an appropriate final chapter to the book on the Dubai Ports World deal," Sen. Chuck Schumer said.

The New York Democrat led the fight to kill the deal with Sen. Hillary Clinton (D-N.Y.) ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: SENS. SCHUMER, MENENDEZ BLAST PORT AUTHORITY OF N.Y./N.J. FOR ...
US Fed News Service, Including US State News;  February 15, 2007 ;     687 words ... ... Port Authority of New York/New Jersey that ... completion of the Dubai Ports World deal. Schumer urged ... were sold to Dubai Ports World through a process ... Port Authority of New York/New Jersey is ... December, Dubai Ports World announced that it ... terminal ...

Transcript: Dubai Ports World Gets Specific About Its Plans
NPR All Things Considered;  March 15, 2006 ;     700+ words ... ... officials of Dubai Ports World sought today to set the ... owned firm that Dubai Ports World acquired in the $6 ... port facilities Dubai Ports World acquired are estimated ... Senator Charles Schumer of New York. Senator CHARLES SCHUMER ...

Article: Political posturing & the ports flap.(Dubai Ports ...
The New American;  April 3, 2006 ;     700+ words ... ... the announcement that Dubai Ports World (DPW)--a firm controlled ... oversee shipping operations in New York, New Jersey, Baltimore ... On the Democratic side, New York Senator Charles Schumer loudly ... transferring title "to the Devil." New York Senator and presidential ...

Article: GOV. CORZINE INVITES GOVERNORS TO JOIN IN LAWSUIT TO HALT DUBAI ...
US Fed News Service, Including US State News;  February 24, 2006 ;     646 words ... ... involved in the Dubai Ports World transaction to ... Port Authority of New York & New Jersey ... involved. Dubai Ports World, which is owned ... UAE-owned Dubai Ports World, including facilities ... Port Authority of New York & New Jersey ...

Article: The Dubai Ports World Deal: Manna to Publicity ...
The Washington Report on Middle East Affairs;  May 1, 2006 ;     700+ words ... ... Indeed, the Democratic New York senator frequently schedules ... some TV reporters to the New York harbor to discuss a pending ... the Arab-owned Dubai Ports World (DPW) had purchased ... out. But Schumer and New York Republican Rep. Peter ...

Article: Sink the Dubai ports deal! Our ports are gateways to America, and ...
The New American;  March 20, 2006 ;     700+ words ... ... company called Dubai Ports World (DPW) will run the ... Navigation, was sold to Dubai Ports World for $6.8 billion ... will manage shipping in New York, New Jersey, Philadelphia ... DPW will manage, the New York Times reported, are ...

Article: VOA NEWS: DUBAI PORTS WORLD WORKS TO SELL US ...
US Fed News Service, Including US State News;  March 15, 2006 ;     528 words ... ... Arab Emirates. Dubai Ports World says it will take months ... to a U.S. entity. New York Senator Chuck Schumer ... British company before Dubai Ports World buys it," he said ... 2001 terrorist attacks in New York and Washington came from ...

Article: Rendell says Pa. will look at Tioga terminal: The lease is held ...
Philadelphia Inquirer (Philadelphia, PA);  February 23, 2006 ;     700+ words ... ... in New Jersey, New York and Maryland ... owned by Dubai Ports World, of the United ... like the Dubai Ports World purchase of the ... to block Dubai Ports World from taking over ... Port Authority of New York and New Jersey ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives