General Growth Nabs $4 Billion to Fend Off Simon
The bankrupt mall operator General Growth Properties, which has been fending off an unsolicited $10 billion bid from rival Simon Property Group, may now have a viable alternative. The company has secured nearly $4 billion from Fairholme Capital and Pershing Square to recapitalize its balance sheet.
Continue reading General Growth Nabs $4 Billion to Fend Off Simon
General Growth Nabs $4 Billion to Fend Off Simon originally appeared on DailyFinance on Tue, 09 Mar 2010 11:20:00.
Filed Under: Company News, Real Estate
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General Growth Nabs $4 Billion to Fend Off Simon
Tags: acquisitions, been-fending, billion-bid, ggp, growth, lungs-scar, properties, real-estate, respiratory, review, secured-nearly, simon
Costly Cash: How a Retiree Wound Up With a 375% Loan
Preston White needed $5,000 to help his daughter relocate after serving in Iraq. Denied by his bank, he got his cash (but only $4,000) at his local Cash Store via a one-month loan. With fees and interest, he’d need to repay %5,268.50 — giving him a 375% APR. But that’s not the end of the story.
Continue reading Costly Cash: How a Retiree Wound Up With a 375% Loan
Costly Cash: How a Retiree Wound Up With a 375% Loan originally appeared on DailyFinance on Tue, 09 Mar 2010 11:00:00.
Filed Under: Retirement, Company News, Economy, People, Credit
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Costly Cash: How a Retiree Wound Up With a 375% Loan
Tags: been-fending, billion-bid, daughter, entry, ezpw, iraq-denied, money store, news, payday lending, people, real-estate, respiratory, review, simon, story
