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Day: April 7, 2011

Concession Law for El Salvador’s La Union Port

The bill provides for a 30 year concession and an investment plan of at least $30 million. The company winning the bid will implement the investment plan during the first five years. “The Minister of Public Works, Gerson...

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US expels Ecuador ambassador in tit-for-tat move

The United States on Thursday ordered the expulsion of Ecuador’s ambassador to Washington in a tit-for-tat move after the US envoy to Quito was told to leave over a leaked diplomatic cable. Ecuador on Tuesday ordered US...

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Horizon Calls Bankruptcy Report ‘Speculation’

Horizon Lines said it is trying to refinance its debt to avoid an expected default and would not comment on a Bloomberg News report quoting unnamed sources as saying the largest U.S. domestic ocean carrier may file for...

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Costs take bite out of ConAgra profits

The continued price inflation in commodities deflated third-quarter profits for ConAgra Foods. The Omaha-based packaged food giant still beat Wall Street estimates, posting net income of $214.8 million, or 50 cents per share,...

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Moroccan unionists reinstated following strike

Four unionists in the Moroccan port of Tangier, who were dismissed by APM Terminals have been reinstated following successful strike action by their union. The unionists, who are members of the Union des Syndicats des Transports...

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