Gm Chrysler Merger Talks Reported

(Reuters) - Australia's Westfield Group isn't expected to snap up any assets from the collapse of General Growth Properties Inc. despite its cash pile of nearly $6.5 billion, due for uncertain outlook for the U.S. economy and also the global credit current market place.

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"There are not any indications how the U.S. economy is visiting recession. I'm fairly bullish as industry is fairly valued," Peter Dunay, an investment strategist at Leeb Capital Management in New York, told Bloomberg.

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Consumer spending remains strong in spite of the weak GDP and which putting cash into flow in the U.S. economy in spite of the sluggish GDP growth. "Comments from the Fed yesterday noted inventories are now at more respectable quantities. People don't think the GDP number really means a lot because the stage is set for a grow in momentum inside second quarter," Cardillo sustained.

Visa's international business is becoming a larger portion of its quarterly final. Payments outside the U.S. -- $422 billion -- taken into account 44 percent of Visa's third quarter volume, up from 41 percent twelve months ago, when such payments totaled $333 billion.

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