Simon Property Group is increasing its bid for General Growth Properties. The largest mall and outlet center owner in the country is committing $1.5 billion toward GGP's exit from bankruptcy. This is getting interesting. Simon has more investors on board, but potential GGP acquirer Fairholme Capital...

Sorry, burger lovers. Fuddruckers' parent company is bankrupt. The chain, which specializes in mega-sized burgers, is closing 24 restaurants and at least 135 will remain open. The owner, Magic Brands, also operates 13 Koo Koo Roo chicken restaurants in California. We only know of one confirmed closing,...

Best Buy says it plans to eventually have 1,000 mobile stores across the US, up from the 77 it currently operates. The retailer is reportedly opening the stores in enclosed malls. The move follows rumors that Best Buy could acquire Radio Shack and its 7,000 stores, one of the country's largest mobile-phone...

Walmart is on top of the Fortune 500. The retailer regained the lead this year after falling into second place in 2009 behind Exxon Mobile. The retailer was on top in 2008. Other retailers cracked the top 25 as well. CVS Caremark came in at 18th, grocer Kroger hit number 23, and Costco Wholesale rounded...

March retail sales certainly rebounded, and it looks like restaurants are enjoying some improving sales figures as well. According to data from the NPD Group restaurant sales were up 1% in March after declining 2.9% in 2009. The industry is also adding jobs, with 42,500 new ones coming on board during...

NEW YORK CITY-The company is selling the two assets to London-based St. Giles Hotels, according to the <i>Wall Street Journal</i>.

NEW YORK CITY-The company is selling the two assets to London-based St. Giles Hotels, according to the <i>Wall Street Journal</i>.

NEW YORK CITY-The firm could lose $5.4 billion from its commercial real esetate investments, according to the <i>Wall Street Journal</i>.