| EBay results bolstered by newer businesses
NEW YORK: EBay posted better-than-expected profit in the first quarter as several of its newer businesses compensated for disappointing results in its mainstay auction service. The faster-growing units include shopping.com, a price comparison site; some classified listing sites; a service to let online merchants accept credit cards; and Skype, the online voice chat service. "We are on track with our well-crafted portfolio," Meg Whitman, eBay's chief executive, said in an interview after the earnings report Wednesday. The results sent eBay's stock up about 3 percent in after-hours trading. Overall, the company earned $377 million in the first quarter, up 52 percent from a year earlier. Excluding charges related to stock-based compensation and some other items, the company earned 33 cents a share, above the 29 cents that analysts had predicted.
April 23: Our readers write
The Senate committee on Science, Commerce and Transportation will have a session April 25 about the American Horse Slaughter Prevention Act. The committee may debate, amend or rewrite the proposed legislation and may vote on whether to send the bill to the Senate floor for consideration.Take a moment to let your senators know that you oppose S.311 and to review the facts about horse slaughter. This country and particularly Kentucky cannot afford to let emotional rhetoric of animal rights groups overwhelm reasoning. Horse processing is necessary to the horse industry. It ensures that a humane, federally supervised end-of-life option is available for unwanted horses. Here are a few reasons why: If the bill is passed, 100,000 unwanted horses a year will have no home and the animal rights groups supporting legislation have offered no solutions on how to care for them.
Industry Update: Auction Industry Growth Continued in First ...
KANSAS CITY -- Gross sales revenues from auctions by NAA members in the first quarter of 2007 increased 2% over the same-time period one year ago, a study by the NAA has found. If this trend continues, this will translate into approximately $266 billion total revenue for 2007 for the entire auction industry, up from $257.2 billion in 2006, a projected 3.4% increase for all of 2007. This suggests the possibility of a slightly slower growth in the live auction industry in 2007 compared to 2006, when a 7.1% growth rate occurred for all of 2006 over the previous year. The first quarter growth last year was 5.7%. These are the findings documented in a quarterly report of auction industry growth being conducted by global market research firm MORPACE International on behalf of the National Auctioneers Association (NAA).
Bid Live Online for Quality Antique and Vintage Dresses; Dresses ...
Proxibid, a premier provider of live auction broadcasting services, today announced that quality vintage dresses and wedding dresses will be available for online bidding during an April 29 auction. The live auction event will take place at The Three Rivers Auction Company in Washington, PA. This two-day auction begins Saturday April 28th with 500 uncataloged lots, including costume jewelry, purses, shoes, hats and clothing (PRWEB) April 18, 2007 -- Proxibid, a premier provider of live auction broadcasting services, today announced that quality vintage dresses and wedding dresses will be available for online bidding during an April 29 auction. The live auction event will take place at The Three Rivers Auction Company in Washington, PA. This two-day auction begins Saturday April 28th with 500 uncataloged lots, including costume jewelry, purses, shoes, hats and clothing.
ForeclosureS.com: 364000 Homeowners Face Foreclosure So Far This Year
SACRAMENTO, Calif.--(BUSINESS WIRE)--The worst of the U.S. housing slump may be over but not the foreclosure nightmare that haunts many of the nation's homeowners. More than a quarter-million (253,803) pre-foreclosures and notices of pending foreclosure auctions were filed nationwide in the first quarter of the year. That means 2.4 out of every 1,000 homeowners faced losing their property to foreclosure in the first three months of 2007, according to new and expanded foreclosure filing numbers now available from ForeclosureS.com, a California-based real estate investment advisory firm and publisher of foreclosure and property information. Those numbers are up 22.5 percent from the 207,128 filings in the fourth quarter 2006. They also don't include tens of thousands more now-vacant properties that actually were lost to foreclosure during that same period.
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