The News Review:
- Trustee Can Auction Madoff Market-Making Unit Judge Says
- Bidders’ bounty? Storage unit auctions on the rise
- Rare 2-seat Spitfire up for auction
- JGBs edge up as Nikkei falls auction in focus
Trustee Can Auction Madoff Market-Making Unit Judge Says
Wall Street Journal
–>Trustee Can Auction Madoff Market-Making Unit Judge Says ArticleCommentsmore in. Judge Burton Lifland of the U. Bankruptcy Court in Manhattan approved an auction for the market-making unit which was a legitimate business separate from Mr. Madoff’s massive Ponzi scheme. The court-appointed trustee Irving Picard has.
Related from Investingmonster: Madoff Scandal Casts Light on Investment Advisers
Bidders’ bounty? Storage unit auctions on the rise
The Associated Press
For buyers it’s a grab bag that can yield either junk or the luxuries of a life left behind. The troubled economy is reflected in the items being sold — trendy clothes high-end appliances and other indicators that the owners were until recently well off. “What we are selling now is indicative of higher-income people than what we were selling in the past” said Rich Schur of Schur Success Auction Services in Colorado Springs Colo. “Clearly these are people who fell on hard times. “There’s no specific tally of storage unit auctions but auctioneers say they are busier than ever. Schur’s company has seen the number of units it auctions jump from 950 in 2007 to 1250 in 2008. In January alone the company auctioned 250 units.
Rare 2-seat Spitfire up for auction
The Associated Press
Retrieved from a junkyard in South Africa 30 years ago the plane is now certified to fly. Bonhams’ Austria unit Bonhams & Goodman sold a 1945 Spitfire Mark XVI for NZ$3. 8 million) in September reportedly the record auction price for a Spitfire. That plane had been on display at the U.
JGBs edge up as Nikkei falls auction in focus
Reuters
Treasuries andweaker Tokyo stocks but capped by caution over a five-year bondauction. The Ministry of Finance offered 2 trillion yen ($19. 9billion) of five-year JGBs on Wednesday and the market is eyeingthe auction’s outcome at 0345 GMT to gauge whether investors havebegun warming to JGBs at the start of the new financial year. Japan’s business year began on April 1. The auction comes at a time when the JGB market has beenweighed down by concerns over supply as the Japanese governmentlooks to stimulate an economy deep in recession with debt-fundedstimulus packages. Prospects for the five-year tender improved slightly as theMF set the coupon on the new bonds at 0.