The News Review:
- Bank of England reverse gilt auction attracts more sellers
- Senator Theatre auction canceled
- EBay Reaches Deal With Korea’s Gmarket
- Dealers submit $5 bln in TSLF auction -NY Fed
Bank of England reverse gilt auction attracts more sellers
MarketWatch
Sellers offered a total of 9. 426 billion pounds ($13. 9 billion) worth of gilts with the BE purchasing just under 3 billion pounds for a coverage ratio of 3. 14 to 1 up from a coverage ratio of 1.
Senator Theatre auction canceled
Bizjournals.com
(NASDAQ: FMAR) started foreclosure proceedings of the North Baltimore historic theater last month on its $950000 mortgage. Mayor Sheila Dixon is slated to take the city’s recommendation to the Board of Estimates for approval within the next month. “The auction was cancelled because the City has agreed to buy the note from. Frank said after the city purchases the debt it will foreclose on the theater and schedule a new auction.
EBay Reaches Deal With Korea’s Gmarket
Wall Street Journal
–>EBay Reaches Deal With Korea’s Gmarket ArticleCommentsmore in. reached a tentative agreement to buy controlling stake in Gmarket Inc. South Korea’s largest online auction Web site a move that would make it a leading provider of e-commerce services in the country. Ebay will pay $24 a share for the 34. 2% stake of Gmarket owned by Interpark Corp. and its chairman Lee Ki-hyong a premium of around 50% over Gmarket’s share price in the past month according to a person familiar with the situation.
Related from Champcarnews: GM Reaches Tentative Deal With Canadian Auto Workers
Dealers submit $5 bln in TSLF auction -NY Fed
Reuters
5 billion of Treasuries offered in theFederal Reserve’s 21-day Term Securities Lending Facilityauction on Wednesday the New York Fed said on its website. The bid-to-cover ratio a gauge of demand was measured at0. 13 below a ratio of 0. 25 in a similar auction on April 8. Dealers can lend out the Treasuries in exchange forshort-term cash loans in the U.