News About Auctions Business

The News Review:

- Qualcomm gets 8 licenses in spectrum auction for $558.1 mln
- Lincoln Letter Sets Auction Record
- UK DMO auction of 3.75 bln pounds in 2010 gilts covered by bids 2.63…
- French Treasury bond auction 10-year yield 4.24 percent
- Fed to auction another $25 billion in Treasury securities this week
- Zimbabwe: Shortage of Packaging Materials Likely to Blight Tobacco…

Qualcomm gets 8 licenses in spectrum auction for $558.1 mln
MarketWatch – Apr 3, 2008
said late Thursday it bought eight licenses for a total cost of $558. 1 million at a Federal Communications Commission 700 MHz spectrum auction. Qualcomm purchased licenses in the E block covering the Boston, Los Angeles, New York City, Philadelphia and San Francisco Economic Area regions. The wireless telecommunications company also bought three licenses on the B block at a cost of $3.
Related:

Lincoln Letter Sets Auction Record
FOXNews – Apr 3, 2008
Sotheby’s auction house said Thursday that the 1864 letter set a record for a Lincoln manuscript, as well as for any presidential and American manuscript. It was purchased by an American private collector bidding over the telephone. Lincoln’s hand-penned reply is contained in a letter to a woman who mailed the children’s petition from Concord, Mass.

UK DMO auction of 3.75 bln pounds in 2010 gilts covered by bids 2.63…
Forbes – Apr 3, 2008
75 billion pounds in Treasury gilts maturing in 2010 was covered by bids 2. Bids for the gilts, which carry a yield of 4. 75 percent, totalled 9.
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French Treasury bond auction 10-year yield 4.24 percent
Forbes – Apr 3, 2008
The Treasury allocated 5. 145 billion euros of the 4 percent OAT due April 2018 compared with bids of 10.

Fed to auction another $25 billion in Treasury securities this week
Economic Times – Apr 3, 2008
The auction _ the second of
its kind _ will be held on Thursday. In exchange for the 28-day loan of Treasury
securities, bidding firms can put up more risky investments, including certain
shunned mortgage-backed securities as collateral. At the first auction conducted
last week, the Fed loaned $75 billion (euro48 billion) worth of Treasury
securities to investment firms. Demand for the securities, however, was less
than analysts expected.

Zimbabwe: Shortage of Packaging Materials Likely to Blight Tobacco…
AllAfrica.com – Apr 3, 2008
Industry players disclosed this week that the annual tobacco auctions, a key generator of the country’s export receipts, would start on the April 22 and stretch through to October. GA_googleFillSlot(“AllAfrica_Story_Inset”); Officials at the country’s three auction floors, the Zimbabwe Tobacco Auction Centre, the Tobacco Sales Floor and Barley Marketing Zimbabwe told The Financial Gazette that foreign currency shortages hampered efforts to import wrapping paper and this could once again affect the commencement of the marketing season. Officials at Hunyani Paper and Packaging, manufacturers of the packaging paper, confirmed the shortages of the wrapping paper, which they attributed to foreign currency shortages. The officials said they would need to import 300 tonnes of the special tobacco paper to meet requirements for the marketing season… Industry players disclosed this week that the annual tobacco auctions, a key generator of the country’s export receipts, would start on the April 22 and stretch through to October. GA_googleFillSlot(“AllAfrica_Story_Inset”); Officials at the country’s three auction floors, the Zimbabwe Tobacco Auction Centre, the Tobacco Sales Floor and Barley Marketing Zimbabwe told The Financial Gazette that foreign currency shortages hampered efforts to import wrapping paper and this could once again affect the commencement of the marketing season. Officials at Hunyani Paper and Packaging, manufacturers of the packaging paper, confirmed the shortages of the wrapping paper, which they attributed to foreign currency shortages. The officials said they would need to import 300 tonnes of the special tobacco paper to meet requirements for the marketing season. "We are making arrangements to import the paper," said an official who asked not to be named.

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