Just a few days after the auction of some of Ponzi scheme king Bernie Madoff’s prized possessions, it looks like the building that housed his opulent offices may be heading to the auction block as well.
The owners of Manhattan’s landmark Lipstick Buil…
Loehmann’s Holdings Inc., filed for bankruptcy after failing to exchange $110 million of bonds, Bloomberg News reported.
“The decline in economic conditions in several markets in which Loehmann’s stores are concentrated, mainly California, the Northe…
General Growth Properties (GGP), the country’s second-largest mall owner, emerged from bankruptcy and split itself into two companies.
The company spun off Howard Hughes Corp, an owner of properties including master-planned communities, Bloomberg News said.
Shares in Howard Hughes will begin trading tomorrow on the New York Stock Exchange, as will shares in the new General Growth….
Continue reading General Growth Leaves Bankruptcy, Splits in Two
General Growth Leaves Bankruptcy, Splits in Two originally appeared on DailyFinance on Wed, 10 Nov 2010 07:32:00.
Filed Under: Company News, Real Estate, NYSE, Stocks in the News
Ambac Financial Group, which Monday declared bankruptcy, is suing the U.S. for attempting to seize $700 million in tax refunds. The bond insurer warns that seizing the refunds could ruin its chances of reorganizing.
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While the worst of the crisis may be past for the emirate, Dubai’s financial troubles have highlighted some of the thorny issues underlying the Islamic world’s integration with worldwide finance.
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