ports deal finished?

Dubai Firm Giving Up U.S. Ports Deal
Sen. John Warner (R-VA) “says a Dubai-owned company has decided to give up its management stake in some U.S. ports,” CBS News reports. More:

The news comes shortly after Republican congressional leaders told President Bush that both the House and Senate appeared ready to block the controversial deal that would have given DP World operational control of several U.S. ports.

It was not immediately clear whether the announcement would be enough to cool widespread sentiment in Congress to pass legislation blocking the deal, which has become an election-year nightmare for Republicans.

UPDATE: CNN says the firm will “transfer fully the U.S. operation of P&O ports in North America to a U.S. entity.”

(Think Progress)
---
Let's see if this really happens and is all on the up-and-up.