Investment in bankrupt firms a poor strategy
Some investors see the troubles in the mortgage and real estate industries as an opportunity to go bargain hunting for depressed but basically solid stocks.

Ramco-Gershenson buys W. Bloomfield shopping center, plans redevelopment
Ramco-Gershenson Properties Trust has acquired the Old Orchard Shopping Center in West Bloomfield Township with plans to redevelop the retail center.

Dow drops 167 as selling overwhelms stocks
The Dow Jones Industrial Average fell by more than 167 points and finished below 13,000 this afternoon for the first time since April 25.