Newspaper wrap-up: General Growth seeking potential joint venture partners
Posted Apr 16th 2008 9:15AM by Laurie Pasternack
Filed under: Newspapers, Magazines, General Electric (GE), Merrill Lynch (MER)
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MAJOR PAPERS:
- U.S. mall owner and operator General Growth Properties Inc (NYSE: GGP) is reportedly shopping its portfolio for capital to pay off $18.7B of debt coming due over the next four years to potential joint venture partners, according to the Wall Street Journal.
- The Wall Street Journal also reported that Merrill Lynch & Co Inc (NYSE: MER) is expected to reported another quarterly loss this week, as well as up to $8B in new write-downs, a person familiar with the matter said. This would bring its total to more than $30B since October.
- The Financial Times reported that General Electric Company (NYSE: GE) is planning to invest up to $2B in China in acquisitions and other deals in order to double its revenues in the country...
WEB SITES:
- Barron's Online said Gildan Activewear Inc (NYSE: GIL), the leading maker of undecorated t-shirts and sweatshirts for the U.S. wholesale market, might be worth a look. All of the company's shirts are now made in Gildan-owned factories in Central America and Caribbean, allowing Gildan to achieve cost benefits of offshore manufacturing before competitors like Hanesbrands Inc (NYSE: HBI). Gildan has recently broadened its market with the acquisitions of two sock makers.
Tags: China, GE, general electric, general electric ge, general growth prop, General Growth Properties, GeneralElectric, GeneralElectricGe, GeneralGrowthProp, GeneralGrowthProperties, GGP, GIL, Gildan, gildan activewear, GildanActivewear, Hanes, Hanesbrands, HBI, MER, Merrill, merrill lynch, merrill lynch mer, MerrillLynch, MerrillLynchMer, Write downs, WriteDowns
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