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Name Brand Stocks on the Edge of Obliteration

GGP extended their loans till March 15th.

Update You Website. Or are you in with Reuters and delaying the news since you hold a Short Position.

finance.yahoo.com/news...

General Growth gets 6-week loan payment extension
General Growth Properties gets loan payment extension till mid-March
Saturday January 31, 2009, 4:11 pm EST
Yahoo! Buzz Print Related:General Growth Properties Inc.
CHICAGO (AP) -- Troubled mall operator General Growth Properties Inc. has reached agreement with lenders on a six-week extension for payments just as they came due.

The company announced the agreement Friday night as a deadline on the loans was expiring. The new deadline is March 15.

The loan totals were not disclosed in the brief announcement. The Wall Street Journal, citing people familiar with the talks, said they are for more than $4 billion combined.

The company's Chicago headquarters offices were closed Saturday and attempts to reach a spokesman for comment were unsuccessful.

General Growth, the country's second-largest mall owner, is saddled with huge amounts of debt it took on during the real-estate market's boom years when it aggressively bought up assets. Refinancing that debt has proven difficult amid a global credit crunch.

The company owns or manages more than 200 shopping malls in 44 states.