Ackman's Pershing Square is largely flat for the year after a bruising August in which the hedge fund lost 3.6 percent, according to sources.
Banking has grown to more than 8 percent of GDP but customer satisfaction is low. Change is slow, but it's coming for the banks.
CNBC's Diana Olick reports bankrupt Borders is dumping 10 million square feet of vacant space onto the retail real estate market; multifamily housing is showing healthy fundamentals; and the Mortgage Bankers Association is reversing course on lowering the conforming loan limit.
CNBC's Diana Olick reports on the vast vacant space created in the wake of the book company closing nearly 600 stores.
CNBC's Courtney Reagan reports the book company will begin liquidation this Friday.