DSMG has been a key sponsor of DSS since its inception running innovative events and activities that have helped brand Dubai as a shopping paradise in summer months. "DSMG is always on the lookout to offer customers increasingly exciting promotions during DSS, as this is in keeping with our mandate to re-energize the mall industry in Dubai and promote shopping and retail trade. Dubai as a shopping hub has always been the first choice for shoppers making it the quintessential value shopping destination. It is even more significant now when UAE is surveyed to be the world's second most international retail market having a presence of 56% international retail brands. This year, we are pleased to launch the three million dirhams worth prizes that fully complements the action-packed DSS being organized by the Dubai Events and Promotions Establishment (DEPE)", said Majid Al Ghurair, Chairman, Dubai Shopping Malls Group.
The participating malls have rolled out additional promotion and events during the month long celebration and shopping is more exciting this summer at all the participating DSMG malls.
The DSMG guarantees surprises and fun-filled activities for all its shoppers during the DSS offering prizes worth three million dirhams. Shop at any of the participating malls to receive a coupon from the mall that you have shopped to enter in the mega raffle. The malls are, Al Ain Centre, Al Ghurair Centre, Al Manal Centre, Al Mulla Plaza, Arabian Center, Burjuman Centre, Century Mall, Deira City Centre, Dubai Outlet Mall, Hamarain Centre, Ibn Battuta Mall, Lamcy Plaza, Mall of the Emirates, Mirdiff City Centre, Oasis Center, Palm Strip, Reef Mall, Sunset Mall, Times Square Center and Twin Towers.
A Weekly Mega Draw beckons prizes in cash and as gift vouchers worth half a million dirhams to four winners during the promotion period. The raffle draw is scheduled for 21st and 28th June and 5th and 14th July 2012. A Weekly Regular Draw will reward 20 winners with prizes worth fifty thousand dirhams with 5 winners in a week availing prizes in cash and as gift vouchers. As part of the joint promotion, MasterCard offers additional chances of winning to shoppers using MasterCard every time they shop. The promotion entitles shoppers using MasterCard to win 5 Emirates Airline return tickets to a destination as a weekly Mega Prize. The draws are held in conjunction with the DSMG raffle draw on 21st and 28th June and 5th and 14th July 2012. In total, 44 winners will get a chance to live it big this Summer Festival.
"MasterCard has been associated with DSS for 13 consecutive years to bring real value to its customers, merchants and cardholders. This year again, MasterCard has introduced a host of exclusive privileges during DSS for consumers to enjoy rewards and prizes while they shop using MasterCard in a participating DSMG mall," said Eyad Al-Kourdi, Vice President & Country Manager, UAE, MasterCard Worldwide. "MasterCard's collaboration with DSMG also helps facilitate commerce in Dubai as one of the top 10 global destinations cities as per MasterCard's Index of Global Destinations 2012," he added.
To top it all, visitors can choose from numerous spas to avail discounted rates for various health and wellness treatments. The fifteenth edition of the DSS targets all age groups with the entertainment attractions and shopping bargains. With unbeatable offers, events and activities, DSS promises unparalleled surprises this summer for the entire family.
Costco Wholesale Corporation and Controladora Comercial Mexicana Agree to Transaction Concerning Costco de Mexico - msnbc.com
ISSAQUAH, WA and MEXICO CITY — Costco Wholesale Corporation (NASDAQ: COST) ("Costco Wholesale") and Controladora Comercial Mexicana, S.A.B. de C.V. ("CCM") are pleased to announce that they have executed a definitive agreement under which wholly-owned subsidiaries of Costco Wholesale will purchase from CCM its 50% share interest in Costco de México, S.A. de C.V. ("Costco México"), a joint venture, for $10,650 million MXN (the equivalent amount in U.S. dollars is $760.4 million based on an exchange rate of 14.006 pesos to the dollar). In addition, Costco Mexico has declared a cash dividend of approximately $4,774 million MXN (the equivalent amount in U.S. dollars is $340.85 million based on an exchange rate of 14.006 pesos to the dollar), 50% payable to a subsidiary of Costco Wholesale and 50% to CCM. Costco Wholesale will use the dividend proceeds and existing cash and investment balances to fund the purchase. CCM will use the dividend and sale proceeds to pay down debt.
The Costco México joint venture has been 50% owned by each of Costco Wholesale and CCM and operated by Costco Wholesale. The closing is subject to the approvals of the Mexican Federal Competition Commission and the shareholders of CCM. Mr. Guillermo González Nova, and Mr. Carlos González Zabalegui, respectively Chairman and CEO of CCM, will continue as members of the Board of Directors of Costco México. Mr. Jaime Gonzalez Solana will continue as CEO of Costco México.
Costco Wholesale currently operates 602 warehouses, including 435 in the United States and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the United Kingdom, 13 in Japan, eight in Taiwan, seven in Korea and three in Australia. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com and at www.costco.ca in Canada. The Company plans to open up to an additional six new warehouses prior to the end of its fiscal year on September 2, 2012.
A brief conference call to discuss the transaction is scheduled for 8:00 a.m. (PT) on June 14, 2012, and is available at 800-399-8203 or via a webcast on www.costco.com (click on Investor Relations and "Play Webcast").
Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, conditions affecting the acquisition, development, ownership or use of real estate, actions of vendors, rising costs associated with employees (including health care costs), energy, and certain commodities, geopolitical conditions and other risks identified from time to time in the Company's public statements and reports filed with the Securities and Exchange Commission.
© Marketwire 2012
Mariners make wholesale roster changes - YAHOO!
Seattle sends Carp, Pryor to DL; calls up …
SEATTLE (AP) The Seattle Mariners have placed outfielder Mike Carp and reliever Full Story »Seattle sends Carp, Pryor to DL; calls up 4
The Associated Press
Costco Wholesale, CCM Execute Deal Regarding Costco De Mexico - Quick Facts - RTT News
6/14/2012 6:02 AM ET
(RTTNews) - Costco Wholesale Corp. (COST: News ) and Controladora Comercial Mexicana S.A.B. de C.V. or "CCM" executed a definitive agreement, pursuant to which wholly-owned units of Costco Wholesale would buy from CCM its 50% share interest in Costco de México, S.A. de C.V., a joint venture, for $760.4 million. Further, Costco Mexico has declared a cash dividend of around $340.85 million, 50% payable to an unit of Costco Wholesale and 50% to CCM.
The Costco México joint venture has been 50% owned by each of Costco Wholesale and CCM and operated by Costco Wholesale. Guillermo González Nova, and Carlos González Zabalegui, respectively Chairman and CEO of CCM, would continue as board members of Costco México. Jaime Gonzalez Solana would continue as Chief Executive of Costco México.
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France's Unibail in German shopping centre deals - The Guardian
Shopping festival Dubai Sumer Surprises triggers joy and some concerns - Xinhua News Agency
DUBAI, June 14 (Xinhua) -- The four-week long Dubai Summer Surprises (DSS), which kicked off Thursday in its 15th edition, is overall welcomed by residents and tourists alike, but the event also creates headaches over a run on hotels and a lack of parking space.
"In 2011, DSS generates some 8.8 billion Dirham (2.4 billion U. S. dollars) revenues spent by tourists and residents likewise," said H. E. Leila Mohamed Suhail, CEO of Dubai Events and Promotions and Establishments (DEPE), the DSS's state-owned organizing body. Last year's DSS attracted some four million visitors to "Fly-Buy-Dubai", as the sheikhdom is nicknamed among shopaholics.
"During the DSS, our sales are always going up," said Victoria, a saleswoman from the Philippines, who works at jewelry store Heaven Accessories in the Dubai Mall, the world's largest shopping mall based on total area. Victoria, who has been living in Dubai for the last five years, added that "the bulk of buyers are tourists and local Emirati ladies."
Tourists are even more eager to buy, since every shopper spending at least 200 Dirham (55 dollars) is eligible to get a raffle ticket, with which they can win prizes with a total value of two million Dirham (545 million dollars) throughout the DSS.
Edward, a corporate consultant from Leeds, England, travelled for the second time to Dubai with his wife, "and we enjoy the atmosphere during the DSS," he said. "Besides the shopping adventure, we enjoy the music groups and artistic events in the malls. In the UK, such events are really missing."
Edward added that it was not easy to book a hotel. "Demand is extremely high. We had to visit five to 10 online travel firms until we found a room just for the two of us in a hotel in the old town of Deira."
The rush to the DSS also creates traffic jams. On Thursday afternoon, when the DSS kicked off officially, cars were queuing over five km in front of the Dubai Mall -- albeit the shopping temple's car park offers over 14,000 undercover parking spaces.
Other residents miss the variety in the DSS. Obaid from India has been living in Dubai since 2003, "and frankly to me the DSS is every year the same," he said. "There were more malls, more tourists, and more events from year to year, but the overall concept of discounts, events and raffles has not change on a large scale," he added.
Victoria, who is from Belarus and works as a freelance model, agreed. "My work does not differ from the time around the DSS. There are many other events going on in Dubai over the whole year, so I think the DSS are really for travellers and tourists." Currently, Victoria promotes perfume from the New York-based fashion designer Carolina Herrera in the Dubai Mall.
Nouredeen who came from Lebanon for a holiday to visit his siblings in Dubai, said whilst he likes the DSS's fun-atmosphere and feel-good factor, he would also like to see more cultural events. "The groups performing the shopping malls are nice to see, but I think Dubai also needs more theatres and concerts. Shopping is not everything in life," he said.
However, the Dubai government is fully aware of this deficit. On March 21, Dubai ruler an United Arab Emirates Vice President and Prime Minister H. H. Sheikh. Mohamed Bin Rashid Al-Maktoum launched the Dubai Modern Art Museum and Opera House District. The project shall be finished until 2015.
Computer hacker, 21, jailed for masterminding £27 MILLION fraud in his bedroom taking credit card details from unsuspecting internet users - Daily Mail
- Jay Moore, 21, acted as the middleman selling stolen credit card details through his website Freshshop
- He also hacked into payment systems to obtain credit card details
- Police found card numbers for more than 340,000 on his computer
- He had 250,000 in cash and bank accounts when he was arrested
By Rob Cooper
|
Fraud mastermind: Jay Moore, 21, sold on credit card details, allowing criminals to defraud unsuspecting internet users in frauds which cost 27million
A young computer hacker has been jailed for three years for masterminding a 27million fraud by taking credit card details and selling them to international criminal gangs.
Jay Moore, 21, set up a fake shopping website Freshshop to sell stolen card data in bulk while he also hacked into payment systems to obtain details.
All the details the hacker harvested were sold to gangs so they could steal from thousands of unsuspecting internet users.
His website looked like any legitimate online retailer - but really was a front to sell personal data to criminals.
Detectives from the Serious Organised Crime Agency later found the payment card details of more than 340,000 people on his home computer.
Banks reported fraudulent losses linked to the cards in excess of 26.9 million.
Moore, who had no formal qualifications, pleaded guilty to 12 charges of fraud, money laundering and computer misuse at Bristol Crown Court.
His accomplice Damian Horne, 22, who used his personal bank account to collect criminal funds received through the website, was jailed for 21 months.
The court heard how Moore, of Cromhall, Gloucestershire, met Horne, of Manchester, in an online chat room for hackers.
Together they began selling stolen iTunes vouchers and online gaming codes on eBay.
Freshshop appeared like any other retail site and Moore allowed other hackers to sell their stolen data through him for a commission.
But their criminal enterprsies soon escalated into credit card data and they began laundering the proceeds through a network of bank accounts, online financial institutions and overseas money exchangers.
Fraud HQ: Jay Moore, 21, set up his fake shopping website from this home in Cromhall, Gloucestershire. When police raided the property they discovered 81,000 stashed in a bedroom safe
Moore paid two of his friends, Lewis Danter, 20, and John Allen, 22, to collect cash from Western Union outlets in the Bristol area, which had been wired over from international criminals as payment for the illicit card data.
Horne would post bundles of cash to Moore, who had nearly 81,000 in a bedroom safe when he was arrested at his parents’ home, and more than 170,000 in his bank account.
Moore spent his ill-gotten cash on a top of the range BMW, with a personalised registration plate valued at over 10,000, and gave 40,000 to his father to help buy a large farmhouse.
He lied to friends and family, telling them he operated a web design business.
Danter and Allen, from Bristol, both pleaded guilty to money laundering and were each sentenced to 120 hours of community service.
A spokesman for SOCA said: 'The sale of this compromised data earned Moore substantial profits, including 170,000 credited to his bank account and 80,700 in a safe at his home in Cromhall.
'In addition to the fraud attributed to specific cards, the information brokered by Moore would also have been sufficient to enable fake bank accounts to be set up.
'These could in turn be used to commit further fraud, such as cheque or identity fraud.'
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