_Economy and Finance

Westfield Sells 7 U.S. Malls to Starwood for $1.6 Billion By Nichola Saminather - Sep 16, 2013 Westfield Group (WDC), the world’s biggest shopping-center operator by assets, will sell seven malls in the U.S. for $1.6 billion to an affiliate of Starwood Capital Group LLC, as the company consolidates its U.S. portfolio to fund higher-return activities. http://www.bloomberg.com/news/2013-09-16/westfield-sells-seven-u-s-malls-to-starwood-for-1-6-billion.html

Texas Oil Production May Hit Record by 2020, Regulator Says By Edward Klump Texas is poised to more than double daily oil production by 2020, surpassing a 1972 record with surging output from the Eagle Ford shale and Permian Basin, the state’s petroleum regulator said. http://www.bloomberg.com/news/2013-03-06/texas-oil-production-may-hit-record-by-2020-regulator-says.html