Business Briefs: CBL shares drop to an all-time low
(WorldNews Business)

Shares of CBL & Associates Properties Inc. continued to decline Tuesday, falling another 14.2% to close Wednesday at 57 cents per share in trading on the New York Stock Exchange — the lowest stock price since the real estate investment trust began pubicly trading in 1993. The Chattanooga-based shopping center firm has been battered by investor fears of retail bankruptcies and closings, including this week's bankruptcy by Pier 1 and the announced closings of 125 more Macy's stores earlier this month. CBL's common stock has dropped by...