Tuesday, 6 Jan 2009 | Source: The Associated Press
Struggling mall operator General Growth Properties Inc. said Tuesday it will pay $48 million to settle a lawsuit related to a California mall joint venture.
Shares of General Growth Properties fell 73 percent on Tuesday after the second-largest U.S. mall owner expressed doubts that it could continue operating due to its looming near-term debt.
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Customers turned out to the stores and malls this Black Friday, but the analysis so far indicates that there were fewer of them than last year... Read More