| Overstock.com Lowers Auction Fees, Delays New-Feature Launch
Overstock.com will lower listing and commission fees for online-auction sellers effective April 10, 2007. The head of Overstock.com Auctions Meghan Tuohig also announced on discussion boards the launch of 1-day auctions and the delay of the long-promised bid cancellation feature and Classifieds. Listing fee decreases range from zero to 7 cents, depending on the starting price. For example, for items with a starting price of less than one dollar, listing fees will go from 17 cents to 10 cents. Closing (commission) fees will also be lowered, with the first tier commission (for items selling for between one cent and $25) going from 3.25 percent to 3 percent. When Overstock.com launched its Auctions platform in September 2004, online-auction sellers in some categories hoped they could migrate their businesses from eBay to Overstock Auctions.
WOW 1: A Warning On Coles?
Sydney, Apr 18, 2007 (ACN Newswire) - Are theresigns the reported interest of Woolworths in the assets of its struggling rival, Coles, is just that, interest and nothing more?Speaking at the announcement of Woolworths third-quarter sales yesterday CEO, Michael Luscombe said that the retailer had signed an expression of interest in Coles general merchandise assets, which include Target and Officeworks.But he made it clear the document did not legally commit Woolworths to making an offer.''As I have said before, we do have the financial capacity to acquire Coles and other [assets].''We have signed an expression of interest; but that is not legally binding. We have expressed interest in general merchandise assets."We have previously stated that Woolworths will look to grow its business, and that would include Coles," Luscombe said.And Woolies has yet to get clearance from the ACCC to participate, even though one is not needed.
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Massachusetts Petitions to Foreclose Rise 80 Percent in First ...
BOSTON--(BUSINESS WIRE)--It didn't get any easier for thousands of Massachusetts mortgage holders to pay their bills during the first quarter, as petitions to foreclose rose 79.8 percent compared with the first quarter in 2006. Advertisements for foreclosure auctions also jumped 191.7 percent compared with the first quarter of last year, according to The Warren Group, publisher of Banker & Tradesman. Mortgage lenders filed 6,395 petitions to foreclose in Massachusetts Land Court during the first quarter, compared with 3,556 in the first quarter of 2006 and 3,130 in the first quarter of 2005. The number is slightly higher than the number of petitions in the fourth quarter of last year, when 6,376 were filed. There were 3,118 advertisements for foreclosure auctions during the first quarter compared with 1,069 during the first quarter of last year and 1,148 during the first quarter of 2005.
RECREATION NOTES LUKAS JOHNSON
There will be a putting contest, special event holes and a silent auction. Organizers are seeking hole sponsors, starting at $275, and donations worth at least $100 from area businesses. To donate items or sponsor a hole, call 704-788-1215. The entry fee is $75 per player and $300 for a four-player team. Proceeds are tax-deductible and go toward support of the LIFE Center. Details: 704-788-1215 or 704-786-3305. Birdies for Breast Cancer golf event The second annual Birdies for Breast Cancer Golf Tournament will start at noon May 14 at Rocky River Golf Club, 6900 Speedway Blvd., Concord. Proceeds will benefit the Charlotte affiliate of the Susan G. Komen Breast Cancer Foundation. It is open to the public and costs $75 per person, which includes brunch, a round of golf, a barbecue dinner, and a goody bag.
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