Latest Dubai Ports World controversy Stories
WASHINGTON (Reuters) - The U.S. Senate on Wednesday voted to tighten rules for approving foreign takeovers of American companies, prompted by an uproar over the administration's backing of an Arab company's acquisition of the operations of several major U.S. ports.
By Susan Cornwell WASHINGTON (Reuters) - A jurisdictional battle broke out in the U.S. House of Representatives on Wednesday over which government department -- and by extension, which lawmakers -- should oversee decisions on foreign investment.
By Susan Cornwell WASHINGTON (Reuters) - Legislation to tighten rules on foreign investment in the United States has slowed in Congress, facing questions from lawmakers and a White House that is cool to the idea.
By Susan Cornwell WASHINGTON (Reuters) - A U.S. lawmaker on Tuesday fumed that the Bush administration refused to divulge anything about a security review it is conducting of a Dubai-owned company that is planning to take over several plants in the U.S.
By Susan Cornwell WASHINGTON (Reuters) - One of the leading U.S. congressional opponents of Dubai Ports World's recent purchase of American port facilities said on Thursday he had no objections to France's Alcatel acquiring Lucent Technologies Inc..
By Susan Cornwell WASHINGTON (Reuters) - The U.S. Senate Banking Committee voted unanimously on Thursday to tighten rules on foreign takeovers of American companies but watered down some provisions amid pressure from Wall Street, the Bush administration and U.S. allies.
By John Crawley WASHINGTON (Reuters) - The White House on Monday withdrew the nomination of a former Dubai Ports World executive to direct U.S. maritime affairs after his appointment was blocked in the Senate during a political storm over port security.
By Susan Cornwell and Richard Cowan WASHINGTON (Reuters) - The U.S.
WASHINGTON (Reuters) - The U.S. House of Representatives refused on Wednesday to strike legislative language barring a state-owned Arab company from managing American ports from an unrelated bill funding the Iraq war.
By Susan Cornwell and Richard Cowan WASHINGTON (Reuters) - The state-owned Arab company whose purchase of U.S. port terminal assets unleashed a political firestorm expects to sell them within four to six months to a U.S. buyer, a company statement said on Wednesday. But U.S.