| eBid Doubles Successful Closings, Adds Videos to Online Auctions
Online auction website eBid said it has doubled the number of auctions that are closing successfully compared to November 2006. The auction marketplace has also unveiled a new design, stating it has "cleaned up the layout, simplified the navigation, improved search, and made it easier to find items you are looking to sell and want to buy." eBid also added functionality for sellers to add videos to auctions when listing items. To add video to their auction listings, sellers upload video files to YouTube and add the unique 11 digit code that each new video is given into the box on the eBid listing page. The online auction site said it has also made other, numerous improvements to the site. eBid is based in the UK. It launched in the US in 2005 and is available in Canada, Australia and Ireland.
CMC Bids for Croation Mill
Commercial Metals International, a subsidiary of Commercial Metals Co., is seeking to acquire "Zeljezara Split" d.d. Kastel Sucurac (Split) from the Croatian Privatization Fund. Split is an electric arc furnace steel reinforcing bar mill with a wire mesh facility. The bid is around $28 million, which does not include additional working capital requirements for increasing production levels. This is the second of Croatia's two operating steel mills for which CMI has submitted a purchase offer. Earlier this year, CMC announced that CMI had submitted a bid for the Valjaonica Cijevi Sisak pipe mill. However, bids for that mill were rejected by the Fund, which has requested new bids by April 17. CMC expects to rebid on the Sisak mill. According to CMI, a total of six bids have been made for the Split mill.
JIMI HENDRIX: 1966 Fender Mustang Guitar Sells For $400000
Reuters is reporting that Jimi Hendrix's 1966 Red Fender Mustang guitar fetched $400,000 at an auction Saturday (April 21) to benefit musicians who lost everything in Hurricane Katrina.
The auction at New York's Hard Rock Cafe by Julien's Auctions raised $2,436,900, including a 20 percent buyer's fee, for Music Rising, a charity set up by U2 guitarist The Edge and other musicians after the 2005 Gulf Coast hurricane. It marked the first time such a wide selection of U2 memorabilia was available to collectors, organizers said.
Read more at www.reuters.com. .
Why the Eastern Upper Peninsula likes Bart
WASHINGTON - Congressman Bart Stupak (D-Menominee) received the National Telecommunications Cooperative Association's (NTCA) Congressional Leadership Award for his work on telecommunications issues. Stupak said that he was pleased to receive the award and would continue to fight for rural residents' access to telecommunications. "Advanced telecommunications and broadband in rural areas can be the great equalizer, by ensuring rural communities enjoy the same important services as urban areas enjoy," Stupak said. "We are making progress in rolling out broadband services in rural communities, but we still have a lot of ground to cover."Last Congress, Stupak authored a bipartisan amendment aimed at protecting the Universal Service Fund (USF), a fund that pays for telephone service in rural areas.
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