Bankrupt General Growth Properties Says It Will Be Fine--MaybeAaron Pressman
Apropos of one of my colleagues’ posts yesterday on the future of retail, now comes news that mall giant General Growth Properties (ggp) has filed for bankruptcy protection. The company’s shares, already down 97% from their late-bubble heights, are taking it on the chin today, down 15% in pre-market trading to about 89 cents.
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