| Fifth auction for bankrupt Yukos assets to be held April 18
MOSCOW, April 17 (RIA Novosti) - The fifth auction for assets of the now bankrupt oil company Yukos will be held April 18, Russia's federal property fund said Tuesday. Yukos, once Russia's largest oil company, was declared bankrupt August 1, 2006, after three years of litigation with tax authorities over the company's tax arrears The initial lot price is 992.31 million rubles (about $38.5 million), with a bid increment of 9.92 million rubles (about $384,612). Prospective bidders must deposit 198.46 million rubles (about $7.7 million). The first auction held March 27 to sell Yukos's 9.44% stake in state-run oil producer Rosneft was won by Rosneft's subsidiary RN-Razvitiye, which offered 197.84 billion rubles for the lot (about $7.6 billion), compared with the lot's initial price of slightly over 195.5 billion rubles (about $7.5 billion).
Electronic Kourseware's Sciencelabs.com Receives Large Contract ...
KYLE, Texas, April 20, 2007 (PRIME NEWSWIRE) -- Electronic Kourseware International (Pink Sheets:EKII), a provider of low cost science supplies to educational facilities and other institutions, announced today that the company has received a significant contract award from a New York Education Coop. To date, the company has already booked over $100,000 in new contract awards and the bidding season for summer commitments has just begun to enter its high season. .
$1.4B in Art Expected To Sell At May Auctions
Sotheby's and Christie's International may auction almost $1.4 billion of art in New York next month as collectors including David Rockefeller and the Israel Museum sell to take advantage of soaring prices. The world's two largest auction houses are stepping up marketing of impressionist, modern, and contemporary art for the May sales, which could match their record auctions in November, based on high estimates from the companies. Christie's shows works in Seoul this week, then in New York starting May 4. Sotheby's unveils highlights of its offerings in London tomorrow. New buyers from as far as Russia and China are driving up prices. Rockefeller paid $10,000 in 1960 for a Mark Rothko painting that's now valued at more than $40 million, said Sotheby's. Andy Warhol's "Lemon Marilyn" may fetch "more than $18 million" at Christie's, 72,000 times the cost of the finished work in 1962.
Microsoft Cannot Afford To Lose Bidding For DoubleClick
DoubleClick is the largest broker of display advertising on the internet. The company was once public but is now owned by private equity interests. DoubleClick's main business is to serve the advertisements that appear on websites. Its brokerage of advertising is the glue between internet advertisers and online properties. Unlike Google (Nasdaq: GOOG), which sells text advertising, Doubleclick's business is to sell display advertising which is often paid for on a "per thousand impressions" basis and not "per click" as the Google text ads are. Microsoft (Nasdaq: MSFT) is hoping to buy DoubleClick to move to the crossroads of the internet advertising business. It has lost much of its foothold there as use of its MSN portal has given way to Google's search site. Owning DoubleClick would make it the king of the internet display advertising business while Google would have the place at the top of the online text advertising food chain.
Kaminski Auctions Announces its Annual April Auction Featuring ...
Kaminski Auctions, one of Massachusetts' premier antiques and fine art auction houses, announces their Annual April Auction. This outstanding auction will feature several estate collections, 18th-century heirlooms from the Hannah Davis family of Concord and Bedford, Mass., as well as fine colonial furnishings returned home from California to their origins in New England. The auction will take place Sunday, April 22, at 10:30 a.m., with an on-site preview offered between the hours of 8:30 a.m. and 10 a.m. Boston, Mass (PRWEB) April 5, 2007 -- Kaminski Auctions, one of Massachusetts' premier antiques and fine art auction houses, announces their Annual April Auction. The auction will take place Sunday, April 22, at 10:30 a.m., with an on-site preview offered between the hours of 8:30 a.m.
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