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Rebranding Blackwater Changes Names, Again AP Photo

Blackwater Changes Names, Again

The company formerly known as Blackwater will change its name once again, from Xe to Academi. According to Ted Wright, the CEO of the controversial security contractor, the company hopes to be more “boring.” But it’s also looking to get back into business in Iraq, which banned it in 2007 after a deadly shootout. "I think eventually, we're going to get a license; we're going to do business in Iraq," Wright tells The Wall Street Journal.

December 12, 2011 6:31 AM