In the UK, many shopping malls are taking on the appearance of ghost towns. The malls are dwindling in number, with struggling properties losing key tenants.

A weak economy and the resulting business conditions prompted Arizona Chemical to announce today it will close its plant in Port St.

Bonita Springs-based Bonita Bay Group is being required by its lenders to sell off the seven clubs in its communities in an effort to make the developer more financially viable, said company president Kitty Green - who's resigning soon herself.

Ion Media Networks Inc., which owns or operates 60 TV stations in the U.S., said Thursday it has received approval to use its cash on hand and access $25 million in new funding to keep operating while in bankruptcy court proceedings.