NEW YORK (Reuters) – General Growth Properties inc (GGWPQ.PK) on Wednesday unveiled a bankruptcy exit plan bankrolled by Brookfield Asset Management (BAMa.TO) that would split it in two, as the mall owner dug in its heels against a competing proposal.
Deals
Under the plan, Brookfield would invest $2.625 billion in General Growth, the no. 2 U.S. mall owner, in return for a 30 percent stake and the right to nominate three directors.
William Ackman, an investor and General Growth board member, would also offer Toronto-based Brookfield some protections and even share some …

For the person seeking to plan their retirement, the current financial turmoil is a little disaster. Chances are the value of your future retirement funds is going down fast. and many people who are worried about this have no idea what to do about it. however if you understand IRA rollovers you can turn disaster into triumph. You need to learn a little about the IRA rollover rules and use these rules to your advantage to profit from difficult times.
An IRA, or an Individual Retirement Account, is a vehicle to …

President Barack Obama expressed confidence today that lawmakers would approve his proposed tax on banks to recover bailout money, despite opposition from Republicans and the financial industry.
“Like clockwork, the banks and politicians who curry their favor are already trying to stop this fee from going into effect,” he said, using his weekly radio and Internet addresses to promote the plan he announced this past week.
“The very same firms reaping billions of dollars in profits, and reportedly handing out more money in bonuses and compensation than ever before in history, are …

Barclays Bank plans to defer up to 100 per cent of top staff?s bonuses to head off criticism of bankers? pay stoked by a bonus supertax in the UK and bumper profits on Wall Street
Barclays to defer bonuses