LOS ANGELES-(AP) The nation’s second-largest shopping mall operator General Growth Properties Inc. said Wednesday it reached a deal with ’s Brookfield Asset Management Inc. that will speed its exit from Chapter 11 bankruptcy protection
Tagged asset-management, bankruptcy-protection, brookfield, deal-with, exit-bankruptcy, exit-from, general, general-growth, properties, raged-for, shopping-mall, speed-itsDETROIT- (AP) General Motors Co. said Wednesday it will shut down Hummer after its bid to sell the brand to a Chinese company collapsed. Heavy equipment maker Sichuan Tengzhong Heavy Industrial Machines Co.
Tagged after-its, brand, deal, equipment-maker, general, heavy, heavy-industrial, known-for, machines, pulled-out, sell-the, sichuan-tengzhong, the-deal, wednesdayCanada’s Brookfield Asset Management plans to invest $2.6 billion in cash in exchange for shares, giving it a 30% stake in the nation’s No.
Tagged asset-management, brookfield, exchange-for, exit-bankruptcy, general, general-growth, makes-deal, mall-operator, management, nation, the-nationA down-on-his-luck billionaire and a banking giant with a soiled name sparred Wednesday in bankruptcy court, each blaming the other for fleecing the ritzy Yellowstone Club of nearly $300 million.
Tagged 300-million, a-soiled-name, bankruptcy, blaming-the-other, blixseth, each-blaming, for-former, oregon, the-ritzy, timber-tycoonUnder the plan, General Growth Properties would receive an investment of $2.63 billion from Brookfield Asset Management, a large real estate investment firm. Read this article: Mall Operator Plans to Split Company to Exit Bankruptcy
Tagged 2-63-billion, a-large-real, bankruptcy, estate-investment, general, large-real, management, properties, split, the-planNEW YORK (Reuters) – New York City’s claim to the name of the landmark Central Park restaurant Tavern on the Green has caused crippling delays and left some creditors with little chance of getting their money, the bankrupt restaurant’s unsecured creditors committee said. Read the original post: Tavern On The Green …
Tagged getting-their, landmark, original, read-the-original, some-creditors, tavern-on-the, the-bankrupt, the-original, with-little, yorkAP – When Virginia steakhouse owner Osama El-Atari disappeared last year, he left behind a $3.8 million McMansion, a few splashy sports cars and a bunch of banks that said he cheated them out of about $60 million.
Tagged 3-8-million, a-few-splashy, faces-fraud, last-year, left-behind-, osama, posted-here, sports-cars, steakhouse-owner, virginia(AP) The new credit card law bans surprise rate hikes and caps first-year fees to 25 percent of the credit line. After that there is no cap. Cards marketed to subprime borrowers can still come with significant costs
Tagged and-caps, bans-surprise, card-law, come-with, credit, first-year-fees, look-at-the, new-credit, premier-bankcard, rate-hikes, subprime-borrowers, terms, the-, the-credit, the-termsNEW YORK- (AP) You can still get credit if your finances are a mess. It will just cost dearly. A sweeping credit card law that takes effect Monday was supposed to prevent banks from employing tactics that yanked borrowers deeper into debt
Tagged card-law, cards-with, cost-dearly-, credit-if-your, deeper-into, finances, from-employing, loans-and, monday, new, sweeping-credit, yanked-borrowers, york, your-financesWASHINGTON – (AP) Citigroup Inc. plans to let homeowners on the verge of foreclosure stay in their homes for six months if they turn over the deed to their property. Citi said Thursday it is launching the pilot program, dubbed “Foreclosure Alternatives,” this week in Texas, See original here: Citi to …
Tagged citigroup, launching-the, original-here, pilot-program-, property, their-homes, thursday, verge