By and  on November 12, 2008

As retail stocks moved markedly lower on Wall Street Tuesday, the second largest U.S. mall owner, General Growth Properties Inc., said it may have to resort to bankruptcy as it struggles to meet debt obligations.

GGP shares fell 88 cents, or 64.2 percent, to end the New York Stock Exchange session at 49 cents, 99.1 percent below the 52-week high of $51.24 last Nov. 14.

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