| Louisville eclipses million-dollar milestone in surplus sales
LOUISVILLE, Ky. -- Mayor Jerry Abramson today announced that the city has "unloaded" more than a million dollars worth of surplus government vehicles, equipment and other items through online auctions. Metro Government sells obsolete and other surplus items through its website, LouisvilleKy.gov, and GovDeals.com, an online service similar to eBay. The $3,760 sale of a Case International 585 tractor to a bidder in Cookeville, Tenn., recently brought the total funds generated through the online auctions to more than $1 million. "The online auctions are a creative way this government is operating efficiently and effectively for our citizens," Abramson said. "We're unloading items that have outlived their useful life for government, and in doing so creating a revenue stream and reducing warehouse space." Abramson said the online auctions often generate more money than traditional auction-house auctions because items are up for bids around the clock and the online auctions allow more people - virtually from anywhere - to participate.
WWA Group Reports on Record Dubai Auction
DUBAI, United Arab Emirates--(BUSINESS WIRE)--WWA Group, Inc. (OTCBB:WWAG) today announced the successful conclusion of the most recent auction held at WWA Group's Dubai facility during the period April 10 to April 12, 2007. Gross auction sales exceeded US$20.5 million and involved more than 445 registered bidders from 29 countries. Equipment consigned by 163 consignors from 23 countries, comprised of over 1,350 items, was sold to 223 successful bidders. "WWA Group generated the highest overall sales volume of the last 18 months at this auction," commented Chris Bettinson, general manager of WWA Group's auction business. "We also generated the highest ever commission and services revenue, in gross dollars and as a percentage of gross sales. Our aggressive sales force and new contract control policies are getting positive results.
London midday: Bids fail to excite buyers
LONDON (SHARECAST) - Losses at Barclays and AstraZeneca, who both launched multi-billion pound takeovers today, are offsetting oil sector strength and bid interest elsewhere, leaving London little changed at lunchtime. Barclays has launched an agreed all share offer for Dutch bank ABN Amro worth over 67bn, but the banks shares fell as analysts expressed doubts about the tie up and said the deal was fully priced. They reckon Royal Bank of Scotland, which has been circling ABN together with consortium members Fortis and Santander, is likely to trump todays deal. Barclays shareholders will own about 52% of the enlarged company. Annual pretax synergy benefits of about 3.5bn by 2010 are forecast with 23,600 jobs to go. Peers HSBC and Lloyds TSB also fell. AstraZeneca, meanwhile, has agreed to buy US biotech MedImmune for $15.2bn.
Fayetteville begins bidding process
FAYETTEVILLE - In an early morning meeting on Friday, March 23, the Fayetteville Board of Education voted to approve going to the bid phase in building the new school building.
The new facility will be ready to open in 2009. In this stage of the planning, the estimated cost from the construction manager for tree removal, the relocation of utilities, and to prepare the ground to build, will cost $1,800,000.
As a side note, the Fayetteville Elementary School will not be demolished until the new facilities are open and ready to accommodate students in 2009. The time window to purchase the elementary school to stop it from being demolished, however, is closing soon.
Along with the plans for the new building, the board of education also approved to go to bid for the school's new administration building, which would be just to the east of the school's current boiler room.
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