The News Review:
- At Upbeat Christie’s Auction Some Record Prices
- BankUnited auction a test for PE
- Treasury Auctions Set for This Week
- Cap-And-Trade Bill Goes From 100% Auction to 85% Free
- JGB futures rise on stocks await bond auction
- Hugh Laurie Donates “HUSE” Cane For RFK Center nline Auction
At Upbeat Christie’s Auction Some Record Prices
New York Times
Such was the auction whiplash that occurred over a 24-hour period. Unlike Sotheby’s sale on Tuesday where bidding was thin and buyers reluctant.
BankUnited auction a test for PE
The Daily Deal (subscription)
The Coral Gables Fla. -based bank the largest headquartered in Florida ran into trouble because of its portfolio of option-adjustable rate mortgages and has been told by regulators to find a buyer. The auction is drawing a lot of interest both by bidders and by the press because the FDIC’s handling of the auction will say a lot about its attitude toward private equity firms. Blackstone Group LP (NYSE:BX) and Carlyle Group which are involved in the BankUnited auction have been waiting to put their money into the ailing banking sector but have met resistance from federal regulators. Briefly here’s a recap of the news so far:March 12:.
Treasury Auctions Set for This Week
New York Times
According to traders at the close of the New York cash market on Friday the rate on the outstanding three-month bill was 0. The rate on the six-month issue was 0. 26 percent and the rate on the four-week issue was 0.
Cap-And-Trade Bill Goes From 100% Auction to 85% Free
SustainableBusiness.com
com News GA_googleFillSlot(“Content300×250″);As more details surfaced late Friday about the Climate Change Bill proposed by House Democrats it appears that the legislation would create a much looser cap-and-trade program than initially sought by the bama administration. The administration said it wanted 100% of greenhouse gas emissions to be auctioned to polluting industries a move that would raise billion of dollars in government revenue. The administration said it could be flexible on this percentage allowing some credits to be given away to certain industries that could be hit hardest by potential increases in energy prices and competition from abroad. However the plan approved by the House Energy and Commerce Committe under chairman Henry Waxman would give away up to 85% of the pollution permits according to a document posted on the committee’s Web siteThe document said 35% of the credits will be allocated to the power industry. Energy-intensive industries such as the cement glass and paper manufacturing sectors will get 15% of the free permits.
JGB futures rise on stocks await bond auction
guardian.co.uk
Traders bought up bonds as the Nikkei share average sank toits lowest point in more than two weeks falling 2. 9 percent withexporters hit by the yen’s advance. “If the Nikkei falls further while the flu virus spreadsbond prices are likely to rise even ahead of the auction” saidNaomi Hasegawa senior fixed income strategist at Mitsubishi UFJSecurities. The number of confirmed H1N1 flu cases in Japan has risen to96 a health ministry official said on Monday. The Ministry of Finance will offer 2 trillion yen ($21billion) of five-year JGBs on Tuesday. The coupon will likely beset at 0. 8 percent down from 0.
Hugh Laurie Donates “HUSE” Cane For RFK Center nline Auction
AHN
syndication rewriting or broadcast is expressly prohibited without the prior written consent of AHN. –>Chelsea Milko – Celebrity News Service CNS Reporter Washington DC (CNS) – In an act of goodwill rarely exhibited by the irritable doctor he plays on television actor Hugh Laurie has handed over his character’s infamous cane to be auctioned off for charity. The recipient and auction coordinator is the RFK Center for Justice and Human Rights a international human rights advocacy organization. The auction website has set the bid at $20500. The iconic device use by Laurie to play Dr. House the enigmatic medical de-coder whose rough bedside manner has helped make the FX drama “HUSE” a hugely popular series. In addition to the nabbing the autographed cane the winner will meet the entire cast on the set of “HUSE” and receive a signed script.
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