NEW YORK - Federal Reserve Chairman Ben Bernanke is not expected to hint at a pending policy change when he testifies before the U.S. Congress on Wednesday despite some speculation among investors that the central bank could soon reduce its massive bond buying program.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Simon still interested in buying General Growth: source
NEW YORK |
NEW YORK (Reuters) - Simon Property Group (SPG.N), which on Wednesday offered to help bankroll General Growth Properties Inc (GGP.N) effort to emerge from bankruptcy as an independent company, remains "very interested" in buying the entire company, a source familiar with the situation said.
Simon also is reaching out to Fairholme Capital Management, and Pershing Square Capital as soon as Wednesday to co-invest with it in General Growth, the source said. It also planned to soon speak with investor Elliott Management.
If it is successful in becoming the General Growth-backed base bid, Simon would have more time to work out differences with General Growth regarding that company's concerns on antitrust issues that could result from an acquisition of the whole company.
(Reporting by Ilaina Jonas and Paritosh Bansal; Editing by Lisa Von Ahn)
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