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- 30 m ago In SUFFOLK CNTY accident. shoulder blocked on THE L.I.E./I-495 WB at X56/RT-111/WHEELER RD. Stop and go traffic from X57/VETERANS MEMORIAL HWY/RT-454
  
  In SUFFOLK CNTY accident. shoulder blocked on THE L.I.E./I-495 WB at X56/RT-111/WHEELER RD. Stop and go traffic from X57/VETERANS MEMORIAL HWY/RT-454
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Dubai's leader tries to calm panicky investors

Published: December 1, 2009 10:34 AM
By The Associated Press BARBARA SURK (Associated Press Writer)

Quick ReadDubai's leader tries to calm panicky investors over a major company's inability to pay debts

DUBAI, United Arab Emirates (AP) — Dubai's leader tried to calm panicky investors Tuesday as regional markets tumbled for a second day on news that the city-state's chief conglomerate needs to delay payments on its $60 billion debt for six months.

Government-owned investment company Dubai World — the United Arab Emirates' main engine of growth — gave anxious investors the first bit of clarity...

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