The News Review:
- Dollar mixed on jobless claims gov’t debt auction
- Elvis Presley’s prescription bottles among unusual auction items
- 3G Auction a Priority for India’s Communications Minister
- City to move ahead with Senator Theatre auction in July
- Stocks jump on relief over gov’t debt auction
- Assets of Splendor From a Stock Exchange
- Auction ut
Dollar mixed on jobless claims gov’t debt auction
The Associated Press
The Labor Department said the number of initial claims for unemployment insurance dropped to a seasonally adjusted 623000 from a revised figure of 636000 in the previous week. It was below analysts’ estimates of 635000. Still the number of people continuing to receive unemployment benefits rose to 6. 78 million — the largest total on records dating to 1967 and the 17th straight record-high week.
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Elvis Presley’s prescription bottles among unusual auction items
LiveDaily.com
Nick” Nichopoulous the doctor that was charged with over-prescribing controlled substances to Presley during the months leading up to the entertainer’s 1977 death. Nichopoulous who was acquitted but later had his license suspended on the same charges has consigned more than 45 items including several prescription bottles with an estimated value of $800 – $1200 each his medical bag valued at $4000-$6000 a red strobe light Presley gave him for quick access to Graceland a nasal douche and a laryngeal scope. Several security items Presley gifted to Dr. Nick also will be featured in the auction including numerous pistols a billy club a “Special Deputy Sheriff Shelby County” badge issued to the doctor and a blue strobe light for his car that the doctor used on the night Elvis died. Nick items will be accompanied by “Dr. Nick’s Memories of Elvis” DVD that explains the history and events surrounding the gifts in the doctor’s own words.
3G Auction a Priority for India’s Communications Minister
PC World
Raja the country’s minister of communications and information technology told the Press Trust of India news agency on Thursday after he was sworn in to the post. Raja did not specify a timeline for the auction. The auction has been frequently postponed because of differences between the Ministry of Finance and the Ministry of Communications and Information Technology on the floor price for the auction. The Ministry of Finance favored an increase in the floor price to raise more revenue from the auction according to sources.
City to move ahead with Senator Theatre auction in July
Baltimore Sun
The date was set at Thursday’s monthly meeting of the Baltimore Development Corporation (BDC) which will be overseeing the sale which will have a minimum bid of $1 million. No location or starting time for the auction has been set.
Stocks jump on relief over gov’t debt auction
Staunton News Leader
Ample demand at an auction for Treasury debt also eased fears that the government would have to pay higher interest rates to entice buyers. Higher rates on long-term bonds would also drive up borrowing costs for consumers buying cars and homes which in turn could endanger an economic recovery. Major stock indicators rose more than 1 percent including the Dow Jones industrial average which gained almost 104 points to 8403. Initial jobless claims drop unexpectedlyWASHINGTN The tally of newly laid-off people requesting jobless benefits fell last week the government said Thursday a sign companies are cutting fewer workers.
Assets of Splendor From a Stock Exchange
New York Times
The artifacts which have estimates between $4000 and $30000 were damaged by years of exposure to Stock Exchange traffic as well as by the wreckers. Copper plating has worn off a staircase post (estimated to sell for $7000 to $10000) and there are a few cracks in a mounted group of three skylight panes ($7000 to $10000 for the set). “Those had a rough life — I’m afraid that’s the truth” said Jeni Sandberg a Christie’s specialist in 20th-century decorative arts and design noting hairline fractures in the rippled and milky glass. In December the auction house will offer four more Stock Exchange components (estimates will range from $3000 to $35000) including elevator and staircase parts and a canvas frieze nearly eight feet long.
Auction ut
Briefing.com
3936Auction ut: Auction $26B 7-yrs saw a higher 3. 300% with a bid-to-cover of 2. 26 and an indirect bidder take of a near average 33. The market was not impressed but had also been fairly well prepared for a sloppy outing and had sold off the 5-to-10-yr space hard into the auction giving back enough ground to send the yields up over 10 basis points apiece.