The News Review:
- Auction-Rate Market Shrinks With Failure Rate at 71% (Update2)
- Alitalia shares up 12.50 pct to 0.45 eur in closing auction – bourse
- Stolen US military equipment found on auction site
Auction-Rate Market Shrinks With Failure Rate at 71% (Update2)
Bloomberg – Apr 11, 2008
Cooke April 11 (Bloomberg) — The auction-rate securities marketis shrinking by at least 15 percent, or $51 billion, as U. municipal borrowers refinance to escape higher costs and closed-end funds begin to bail out investors. States, cities, hospitals and colleges from Denver toWashington, D.
Alitalia shares up 12.50 pct to 0.45 eur in closing auction – bourse
Forbes – Apr 11, 2008
50 percent, in an auction at the close of the market trading session, bourse officials said. Alitalia is expected to continue trading in a single closing auction on Monday, rather than previous continuous trading, they said. Alitalia shares have seen sharp swings in last weeks on prospects for its privatisation.
Stolen US military equipment found on auction site
Times of India – Apr 11, 2008
Using
undercover identities, investigators purchased a dozen defence-related items on
an auction site and an online network from January 2007 through last month and
received the items “no questions asked. ”
The Defense Department regards
much of the stolen equipment to be on the US Munitions List, meaning there are
restrictions on their overseas sales, the Government Accountability Office said
on Thursday. The equipment
could land in international brokers’ hands or be transferred overseas, said the
GAO, Congress’ investigative arm. “Many of the sensitive items
we purchased could have been used directly against our troops and allies, or
reverse engineered to develop counter measures or equivalent technologies,”
investigators said in their report.
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