అమెరికాలో మాల్లు ఢమాల్.......

[r2d2]

Two owners of a combined 130 or so malls across the US have filed for bankruptcy, signaling that the pandemic and shifting consumer habits continue to rattle the retail industry.

CBL Properties (CBLPRD) and PREIT (PEI) filed for Chapter 11 on Sunday and both will continue operating while they navigate the restructuring process. The companies have previously warned they were in perilous positions because some of their largest tenants, including JC Penney, Tailored Brands and Ascena Retail Group, have filed for bankruptcy this year.

CBL said in its bankruptcy filing that it has assets and estimated liabilities between $1 billion to $10 billion. The Tennessee-based company, which is the larger of the two, said in August that uncollected rents from retailers, declining customer traffic and mounting debt of about $1 billion were the factors in its decision to file for bankruptcy. It owns around 100 malls, predominately in the US southeast and midwest.

For PREIT, the Pennsylvania-based company voluntary filed for Chapter 11. The prepackaged financial plan ensures $150 million in funding to "recapitalize the business and extend the company's debt maturity schedule," it said in a statement. The plan has "overwhelming support" from its lenders and it's looking to quickly emerge from the process.

[tom bhayya]

 market is green

[r2d2]

1 minute ago, tom bhayya said:

market is green

పెరుగుట విరుగుట కొరకే... 

[Kootami]

Amazon stock peragatam tappa em undadu

[tom bhayya]

Just now, r2d2 said:

పెరుగుట విరుగుట కొరకే... 

blame the dems 

[r2d2]

Just now, tom bhayya said:

blame the dems

The Dow jumps as Wall Street predicts Joe Biden will win 

[AndhraneedSCS]

1 minute ago, r2d2 said:

పెరుగుట విరుగుట కొరకే... 

Biden gelisthe EV stocks peruguthayi 

 

Trump gelisthe Tech stocks peruguthayi 

 

Anthe na?

[r2d2]

1 minute ago, AndhraneedSCS said:

Biden gelisthe EV stocks peruguthayi ..Trump gelisthe Tech stocks peruguthayi ..

Anthe na?

in @reality evadu gelichina Novemebr 3rd week lo .. market 

[AndhraneedSCS]

2 minutes ago, r2d2 said:

in @reality evadu gelichina Novemebr 3rd week lo .. market 

November 3rd week lo emi avuddi?

[r2d2]

1 minute ago, AndhraneedSCS said:

November 3rd week lo emi avuddi?

I just picked 3r week at random.. but post election, correction maatram certain...

[AndhraneedSCS]

3 minutes ago, r2d2 said:

I just picked 3r week at random.. but post election, correction maatram certain...

There won't be anything if Trump wins.  If Senate and House are owned by Dems may be there will be a bigger stimulus. Have to wait and see 

[Kootami]

5 minutes ago, AndhraneedSCS said:

There won't be anything if Trump wins.  If Senate and House are owned by Dems may be there will be a bigger stimulus. Have to wait and see 

fake news ani cover chestada ?

[veerigadu]

Amazon and then covid lock down. No bussiness and still rents to pay. 

Debba meedha debbaaaaa