Shopping mall giant Westfield is sold to French real estate firm in $16-billion deal
(LA Times Business)

Westfield Corp., operator of upscale shopping malls in Los Angeles and dozens of other locations in the U.S. and Britain, is being sold to French commercial real estate giant Unibail-Rodamco in a $16-billion deal, the two companies announced Tuesday. The cash-and-stock deal values shares of Australia-based...