Fisher Capital Management Corporate News: Visa Rolls Out New Fee Program

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(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 with regard to an uncertain outlook for that U.S. economy and the global credit store.

The biggest real estate failure in U.S. history has stirred market talk that Westfield and Simon Property Group Inc. could emerge as they can buyers for the assets from bankruptcy.

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Analysts said the company's continued profits drove the new share buyback program, following a similar $1 billion share buyback announced in April and drained the fiscal third 1 fourth.

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Texas oil billionaire T. Boone Pickens, chairman of BP Capital Management, said he has delayed his plan generate the world's largest wind farm blaming financing problems and transmission line policies.

"Over long term there are going to trillions of dollars in stock which don't exist anymore and that money will need to go somewhere. It may go into the remaining stocks," Michael Williams managing director of Beamreach Trust in New York, was quoted by Bloomberg.

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