| Designer auction for UNICEF
SIXTY Australian designers are drawing a thin blue line around the epidemic of children with AIDS/HIV. They have created one-off items for a charity auction. International children’s charity UNICEF asked the designers to create a one-off piece for an online auction which will run between May 6-16. The designers’ only brief was that the piece incorporate a length of cyan-blue string – UNICEF’s signature colour and a symbol of unity. The results are amazing – gorgeous party frocks, jeans, jewellery, art, swimwear, pyjamas and much more. WA designers participating include ericaamerica, Aurelio Costarella and Joveeba. National designers include Sass & Bide, Zimmerman, Willow and Cartier. UNICEF’s Designers United initiative is part of its Unite for Children, Unite Against AIDS campaign which will raise funds to help children affected by HIV/AIDS.
Worry Over Delay in Opening of Tobacco Auction Floors
THE Zimbabwe Association of Tobacco Growers has expressed concern over the delay in opening of tobacco auction floors saying it could hold-up farmers' preparations for the next tobacco-farming season. According to the association, land preparations for tobacco planting for next season are supposed to have been underway and this requires financing. .
Ticketmaster sues eBay over ticket auctions
LOS ANGELES - Ticketmaster is suing eBay Inc. in Los Angeles, accusing the Internet auction company's subsidiary StubHub of fraudulently obtaining premium tickets to sell online. The lawsuit, filed in the Los Angeles Superior Court on Wednesday, said StubHub induced artists' representatives or promoters to demand tickets from Ticketmaster's venue clients as part of a deal to bring an act or sports team to a location. In some cases, representatives for the acts had the tickets held back for “fan clubs" but intended to sell them via StubHub, according to documents filed with the lawsuit. A StubHub spokesman said the company believes “the lawsuit filed by Ticketmaster is without merit and we intend to vigorously defend ourselves against these unsubstantiated claims." Representatives for eBay could not be reached for comment.
eBay beats expectations, raises outlook
SAN FRANCISCO - Online auction leader eBay today reported quarterly results that beat Wall Street expectations and said its outlook for the rest of the year would be at the high end of analysts' predictions. Shares of eBay jumped as much as 6 per cent after the company posted a 52 per cent jump in net profit on a 27 per cent revenue rise, led by growth in its core auctions business and the rising prominence of international sales. "I would say it was a very strong quarter across the board," Chief Executive Meg Whitman said in an interview. "We at the top end of analysts' predictions, which ranged from US$1.27 ($1.72) to US$1.34, based on Reuters Estimates data. "Overall it was a good report card," said Martin Pyykkonen, an analyst with Global Crown Capital.
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