Posted on 03/10/2006 6:43:14 AM PST by teddyballgame
The Dubai-owned company that pledged to surrender its $700 million worth of U.S. port businesses amid a furor on Capitol Hill wants to guarantee it doesn't lose money on the deal. But now that DP World is out of the political frying pan, it could find itself confronting a fire sale of its American assets.
Faced with unrelenting pressure from Congress, Dubai's ruler said DP World will transfer to an unspecified American company all U.S. port operations it acquired when it paid $6.8 billion for London-based Peninsular & Oriental Steam Navigation Co.
In its statement, DP World said its decision was based on the understanding that it will have time to coordinate the complex transfer and that "DP World will not suffer economic loss."
(Excerpt) Read more at townhall.com ...
"Someone" changed the rules in the middle of the sales transaction, now someone is going to owe the incremental cost or profit lost differential.
I don't know if Halliburton would do it .. but they certainly have an organization big enough to manage it.
It sure would be a another lump of coal in the dems stocking!
If they agree to pay me the standard sales commission, I would find them a buyer. Since they are not going to pay me, I dont care who buys it.
Give me an H
Give me an A
Give me an L
...
I'm fairly certain it was reported on Fox & Friends this morning that Halliburton was NOT interested in the operation.
What profit is lost? Its an ongoing business concern and functions daily, it has not been transferred yet. With those facts known, p and o is making its profit based on its business managment decisions. There is no cost to a sale that has been cancelled by no fault of either buyer or seller, that is the commercial code. Now p and o might have a case since wps has said it will cancel its attempt to run the ports, but I highly doubt it.
Russia, Egypt, Turkey, SA, Pakistan....?
Any of those would be great, since they are all US allies.
[/sarc]
*braces for insults*
And maybe the Arabs will receive the message sent in this debacle. Start to address the cancer in your ranks, or face the wrath of the American public. And I hope the WH gets the message too. The vast majority of Americans do not trust the Arabs, and with good reason. I love the common sense of the American people.
And scratch Halliburton off the list.
Melissa Norcross, a spokeswoman for the controversial U.S. company once headed by Vice President Cheney, called suggestions circulating on the Hill that they might take over "false and baseless."
Source: http://www.nydailynews.com/business/story/398280p-337512c.html
This way, unionized government employees will work side-by-side with the longshoremen.
If the environmentalist declare the longshormen an endangered species, the deal is done.
< /sarcasm>
Good chance that is exactly what will happen and the same idiots on the right who were against the UAE will line up right behind Hillary, Chuckie, and the rest.
AMTRACK part deux brought to us by the "true conservatives".
Too bad it is not likely that the port terminals will just be left idle and the union workers laid off.
I heard that DPW said they would not take a loss on this.
I wonder if those terminals would have to close if no buyer is found?
I STILL just cannot believe that so many "conservatives" and "Republicans" willingly allowed themselves to get sucked into Hillary and Chuckie's fear mongering. They, along with the MSM, certainly won this battle. Congratulations.
Oh, get off your high horse. Do you realize how long it would take to learn that Customs Border Patrol would still handle all the inspection of cargo and not some sheet wearing, pointy beard having, olive skinned savages? Well... probably not that long I guess. But it's a busy world! And when I'm told that "Ay-rabs" are going to "Own" our "Ports", it's chicken with it's head cut off mode around here.
It's a busy world, and not all of us have time to get our facts straight. Even if it only requires a cursory glance or momentary reflection.
(If what I just wrote makes you sad or angry,
"I STILL just cannot believe that so many "conservatives" and "Republicans" willingly allowed themselves to get sucked into Hillary and Chuckie's fear mongering. They, along with the MSM, certainly won this battle. Congratulations."
Amen, brother.
I think this will fall under the "careful what you wish for" category.
You're not fear mongering are you?
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