U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012.  REUTERS/Shamil Zhumatov  (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

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Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012.  REUTERS/Eduardo Munoz (UNITED STATES - Tags: MILITARY ANNIVERSARY TPX IMAGES OF THE DAY)

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FACTBOX: Five facts on General Growth Properties' history

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Thu Apr 16, 2009 3:03pm EDT

(Reuters) - General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real estate failure in U.S. history.

Ending months of speculation, General Growth, along with 158 of its 200-plus U.S. malls, filed for Chapter 11 protection while it tries to refinance its debt.

The following are five key dates in the company's history:

* In 1954, brothers Martin and Matthew Bucksbaum decide to expand their family's grocery operation and build the Town and Country Center in Cedar Rapids, Iowa.

* In 1972, General Growth lists its shares on the New York Stock Exchange.

* In 1984, General Growth sells 19 malls to Equitable for $800 million, the nation's largest single-asset real estate transaction with more than 8 million square feet of retail space.

* In 1999, John Bucksbaum is named CEO, succeeding his father, Matthew.

* In 2004, General Growth pays $12.4 billion to acquire The Rouse Co, the largest-ever U.S. retail real estate merger. Its portfolio of properties now totals more than 200 malls in 44 states with approximately 200 million square feet.

(Source: General Growth website)

(Reporting by Patrick Fitzgibbons; Editing by Steve Orlofsky)

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