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Mall owners fighting web stores turn to carnivals

  Malls are fighting for shoppers with one thing their web rivals can’t offer: parking lots. With customer traffic sagging, US retail landlords are using their sprawling concrete lots to host events such as carnivals, concerts and food-truck festivals. They’re aiming to lure visitors with experiences that can’t be replicated online — and then get them inside the properties to ...

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Dubai’s DSI dips on write-offs

  DUBAI / Reuters Shares of Dubai builder Drake & Scull (DSI) slumped to a 14-month low in heavy trade on Sunday as investors reacted to the company’s revised capital restructuring plan, while last week’s fall in oil prices knocked down oil-sensitive shares. Dubai’s stock index fell 1.0 percent as DSI plummeted 9.9 percent to 0.399 dirham after a shareholder ...

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Shareholders revolt against Pearson CEO’s $2mn pay

  Bloomberg Pearson Plc Chief Executive Officer John Fallon suffered the largest shareholder rebellion so far this year in the UK, with about 61 percent of votes cast against the education company’s pay report at the annual general meeting. The vote on the report, which covers pay for 2016 and includes share awards, isn’t binding and doesn’t require the company ...

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