Gm Chrysler Merger Talks Reported

(Reuters) - Australia's Westfield Group is not expected to snap up any assets from the collapse of General Growth Properties Inc. despite its cash pile of nearly $6.5 billion, due a good uncertain outlook for the U.S. economy along with the global credit market.

Tom Samuels, managing partner at Palantir Capital Management said, "The publication rack trying to convince itself that good thing is fantastic news and bad news is theme." Samuels also said, "The Dow has risen five of the past six weeks and has less than 2 percent from its highest level of the year, which it touched at the end of April." Loan rates have been falling awaiting a Fed move.

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Look, I'm aware why the management of GM and Chrysler here is a merger; it is a classic approach to cut costs by eliminating redundancies and leveraging the two corporations assets.

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