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Disney Store opens in Times Square
New York City -- Disney Store has opened its largest store to date, a 20,000-sq.-ft. emporium in the heart of New York City’s Times Square. The two-level space is colorful and interactive, and features an array of kid-friendly attractions.
"This store is designed to give kids the best 30 minutes of their day," said Jim Fielding, president, Disney Store Worldwide. Fielding said the store anticipates some 11,000 visitors daily.
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General Growth exits bankruptcy
Chicago -- Exiting what was labeled the biggest real estate bankruptcy in U.S. history, General Growth Properties has emerged from Chapter 11 protection as two separate companies.
The country’s second-largest U.S. mall owner said Wednesday that it has spun off Howard Hughes Corp., an owner of master-planned communities and other properties.
The shares of the newly separate General Growth, as well as the shares of Howard Hughes, will begin trading Thursday on the New York Stock Exchange.