| EBay posts better than expected profits
EBay Inc posted better than expected profits 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 was published by the firm on Wednesday. The results sent eBay's stock up about 3 percent in after-hours trading. Overall, the company earned US$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 US$0.33 a share, above the US$0.29 average that analysts had predicted.
IndyCar Driver Tomas Scheckter Holding Charity Auction on eBay
IndyCar Series driver Tomas Scheckter is holding a charity auction on eBay to benefit the Gift of Hearing Foundation. The winning bidder will have their name or company logo placed on Scheckter's helmet for the Kansas Lottery Indy 300 at Kansas Speedway on April 29.
Proceeds from the final sale will be donated to The Gift of Hearing Foundation, which is dedicated to increasing access to cochlear implant surgery and services for those who have been identified as candidates for this technology. .
TCGL invites global bids for sale of properties
Ahmedabad, April 11: In order to provide a thrust to the tourism industry in the State, the Tourism Corporation of Gujarat Ltd (TCGL) has invited global bids from Indian companies, overseas corporate bodies and eligible foreign companies for sale of its properties located in prime tourist locations in Gujarat. This follows the steps taken by the State Government to improve the tourism industry in the state. These measures include setting up of Gujarat Tourism Council headed by the Chief Minister, declaration of Hotel Investment Incentive Scheme, introduction of Heritage Hotels Policy, Eco Tourism Policy and Medical Tourism Policy, reduction in Entertainment Tax from 55 per cent to 25 re cent, reduction and restructuring of luxury tax and reduction of Value Added Tax on F&B from 12.50 per cent to 4 per cent.
Slater council picks date for next McQueen day
Slater Mayor Stephen Allegri announced the Steve McQueen Day committee had chosen March 23 as the date for the next Steve McQueen Day celebration, during the council's regular meeting at Slater City Hall on Tuesday, April 17. Allegri said that the event should become self-supporting financially. "The city financed it one time," Allegri said. "Now we're looking at making it self-supporting. I think it's real important to point out no events would have taken place if the city hadn't put seed money in them. Now they are self-supporting." In other business, re-elected council members Terry Jordan, Ron Monnig and Brownell Bryant were sworn in. Bryant was then voted mayor pro tem of the council. The council then discussed the open position for the unoccupied Ward 1 council seat.
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