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Dubai Company Gives Up on Ports Deal

WASHINGTON (AP) -- Bowing to ferocious opposition in Congress, a Dubai-owned company signaled surrender Thursday in its quest to take over operations at several U.S. ports.

DP World, the firm involved, issued a statement saying it would "transfer fully" the planned operations to a "United States entity," according to Sen. John Warner, who read the announcement aloud on the Senate floor.

Other Republicans said the firm had privately pledged full divestiture.

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The announcement appeared to signal an end to a politically-tinged controversy that brought President Bush and Republicans in Congress to the brink of an election-year intraparty veto battle on a terrorism-related issue.

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