| 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.
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.
Uganda: World Bank to Decide On Bujagali Dam
THE World Bank Group executive board in Washington will examine and make a final decision on the 250MW Bujagali hydro-power project on Thursday (April, 26). A go-ahead by the board will lead to financial approval and disclosure for the project and enable the dam's construction to start. Bujagali Energy Limited (BEL), a consortium between Industrial Promotion Services (IPS) of Kenya and Sithe Global, a US power giant, are the project developers. .
The Good News in a Resignation
THE EXIT OF HEINRICH VON PIERER from Siemens is good for the corporation and Germany's self-image -- if it proves to be the platform for serious corporate reform. Von Pierer's departure Thursday as chairman of Siemens' supervisory board should help the company and investigators clean up the mess surrounding the bribery scandal that has overshadowed the conglomerate's otherwise impressive turnaround. His move should allow his successor as CEO, Klaus Kleinfeld, to focus more clearly on the day-to-day running of Siemens. The markets obviously were encouraged by the news. In midday trading in ... .
1st Day — Collectible, Ephemera & Decorative Auction
First hour of the auction will be dedicated to sell a collection of approximately 100 HUMMELS from a home in Montgomery, MA.
Several POST CARD & TRADE CARD Albums, autographed albums including wooden post card 1909.
CLOCKS: New Haven banjo, Atmos Jaeger Le Coultre, Kroeber time strike & alarm shelf clock, coocoo clocks etc.
CABINET PHOTOS; old car wreck, two hearse photos, Indian in military uniform.
BOOKS: Children's books with mystery and Tom Swift, Hardy Boys, cookbooks & recipe pamphlets. Old SHEET MUSIC lots and children's records.
STAMP lots, COINS & numismatic coin catalogues.
Old German STEINS. POTTERY & CHINA: Roseville Futura vase, Mason's ironstone Staffordshire vases, early McCoy planter, signed Italian contemporary pottery, Famille Rose jardinière, Majolica pedestal & jardinière signed Limoges by Osborne DeWolf.
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