Real Estate

Abu Dhabi Commercial Bank Is Said to Be Owed $1.9 Billion by Dubai World Abu Dhabi Commercial Bank PJSC may be owed $1.9 billion by Dubai World, making it the largest creditor outside the emirate to the state company seeking to reschedule debt, said two people familiar with the companies.

Dubai Shows Limits of Government Bailouts for Markets, Roubini's Das Says The worldwide decline in equities spurred by Dubai’s efforts to reschedule its debt is a sign that government spending alone won’t be enough to protect financial markets, according to Arnab Das of Roubini Global Economics.

Fed, Treasury Examiners Faulted in Watchdog Reports on U.S. Bank Failures Treasury Department and Federal Reserve examiners should have done more to halt risky lending at U.S. banks that failed amid real-estate losses, reports by agency watchdogs show.

Build America Issuers Pay Banks $100 Million More Than For Tax-Exempt Debt States and municipalities paid an average 37 percent more to investment banks for underwriting Build America Bonds than for handling tax-exempt sales since offerings of the subsidized taxable debt began in April.

Black Friday Shoppers Crowd U.S. Malls in Pursuit of Electronics Deals Shoppers took advantage of Black Friday discounts to snap up televisions, laptop computers and robot hamsters at Best Buy Co., Target Corp. and Toys “R” Us Inc. stores from New Jersey to Texas.

Leighton, Kajima, Obayashi Fall on Concern Dubai World May Lead to Losses Construction stocks in the Asia- Pacific region fell, led by Leighton Holdings Ltd., Kajima Corp. and Obayashi Corp., on concern Dubai World’s proposal to delay debt payments may lead to losses and project cancellations.

Goldman Sachs Says Bolthouse Won't Pay Fees to North Sea-Advised Lenders Wm. Bolthouse Farms Inc. won’t pay fees to some of its lenders for agreeing to change the terms of a credit agreement after they asked that their adviser also be compensated, people familiar with the transaction said.

Philippine Billionaire Sy's SM Investments Sees Up to 12% Growth Next Year SM Investments Corp., the holding company of Philippine billionaire Henry Sy, expects sales to grow between 12 percent and 15 percent next year, Chief Financial Officer Jose Sio said.