| Industry Update: Auction Industry Growth Continued in First ...
KANSAS CITY -- Gross sales revenues from auctions by NAA members in the first quarter of 2007 increased 2% over the same-time period one year ago, a study by the NAA has found. If this trend continues, this will translate into approximately $266 billion total revenue for 2007 for the entire auction industry, up from $257.2 billion in 2006, a projected 3.4% increase for all of 2007. This suggests the possibility of a slightly slower growth in the live auction industry in 2007 compared to 2006, when a 7.1% growth rate occurred for all of 2006 over the previous year. The first quarter growth last year was 5.7%. These are the findings documented in a quarterly report of auction industry growth being conducted by global market research firm MORPACE International on behalf of the National Auctioneers Association (NAA).
Legislature needs to rescind last year's power bidding law
It was quite the understatement from Rep. Gerald Hocker that the convoluted law requiring Delmarva Power to solicit bids for new energy sources "has gotten off track." It's not just off the track, it's down the mountain, across the highway and in the river. This process is a fiasco of major proportion. .
EBay results bolstered by newer businesses
NEW YORK: EBay posted better-than-expected profit in the first quarter as several of its newer businesses compensated for disappointing results in its mainstay auction service. The faster-growing units include shopping.com, a price comparison site; some classified listing sites; a service to let online merchants accept credit cards; and Skype, the online voice chat service. "We are on track with our well-crafted portfolio," Meg Whitman, eBay's chief executive, said in an interview after the earnings report Wednesday. The results sent eBay's stock up about 3 percent in after-hours trading. Overall, the company earned $377 million in the first quarter, up 52 percent from a year earlier. Excluding charges related to stock-based compensation and some other items, the company earned 33 cents a share, above the 29 cents that analysts had predicted.
Sacramento sheriff auction of Simpson book rights delayed
LOS ANGELES - An auction scheduled for today for the rights to O.J. Simpson's book, "If I Did It," was delayed because the company that originally brokered the book deal between Simpson and a publishing firm filed for bankruptcy, an attorney said.Santa Monica Superior Court Judge Gerald Rosenberg had ordered the auction with the condition that all proceeds from any book that may be published be given to the family of Ronald Goldman, who was slain in Brentwood in 1994 along with Simpson's ex-wife, Nicole Brown Simpson. Simpson, an ex-USC and NFL star, was charged with the killings but was acquitted in 1995. .
Macquarie Power CEO says earlier bidding piqued interest in Clean ...
TORONTO (CP) - After a shift in market trends and a slight change of heart, Macquarie Power & Infrastructure Income Fund (TSX:MPT.UN) has placed a competing bid for wind energy company Clean Power Income Fund (TSX:CLE.UN), valuing the company at $226 million. After the weekend announcement, units in Clean Power jumped more than 10 per cent, or 55 cents, to $5.95 in Monday morning trading on the Toronto Stock Exchange. Macquarie CEO Greg Smith told investors the fund has been eyeing Clean Power since the initial bidding process. .
|
