The News Review:
- Treasury Auctions Set for This Week
- Auction site scores PR victory as toddler buys earthmover
- Show goes on at Senator though auction looms
- Hartmarx Seeks Court K for Auction to Sell Assets
- Buyout Firms Win BankUnited Auction
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. 29 percent and the rate on the four-week issue was 0.
Auction site scores PR victory as toddler buys earthmover
TECH.BLRGE.com
Pipi Quinlan had been left alone near the computer while her mother slept. Sarah Quinlan had been using the TradeMe site to bid for several children?s toys including some Lego playkits. When she returned to the computer after her nap she found an e-mail from the buyer assuring her that ?I think you?ll love this digger. ?Quinlan assumed she had won an auction for a toy until she saw the price: NZ$20000 (approximately US$12300.
Show goes on at Senator though auction looms
Baltimore Sun
The city officially purchased the troubled theater’s $950000 note from 1st Mariner Bank on Friday said Kimberly A. Clarke executive vice president of the Baltimore Development Corp. The date for a foreclosure auction will be set next week she said.
Hartmarx Seeks Court K for Auction to Sell Assets
Wall Street Journal
GRACE Hartmarx Corp. said Friday it has sought bankruptcy-court approval to start an auction to sell off all of its assets to Emerisque Brands U. and SKNL North America for about $119 million. The bid offered Wednesday provided hope that jobs could be saved at the financially strapped suitmaker which made the suit President Barack bama wore election night in Chicago. Union workers at Hartmarx have been trying to increase pressure on.
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Buyout Firms Win BankUnited Auction
New York Times
The ownership group includes WL Ross & Company the investment firm led by the vulture investor Wilbur L. Ross; the Carlyle Group; the Blackstone Group; Centerbridge Partners; the LeFrak rganization; the Wellcome Trust; Greenaap Investments and East Rock Endowment Fund. The group won the auction over a competing bid from TD Bank and Goldman Sachs according to people familiar with the matter. Private equity firms have been clamoring to buy troubled banks but they have run into ownership restrictions and regulatory barriers. In its announcement about the BankUnited deal the F.