| Volvo used car prices strenghten across the range
Volvo Car UK has seen used car prices strengthen across its range over the past four months following a change in strategy for used car disposal. Volvo has traditionally sold all of its 6-12 month old used cars direct to its dealer network through closed physical and online auctions run by British Car Auctions (BCA). Since October 2006, Volvo used cars have been available through BCA open auction, with an average of 20% being snapped up by buyers from outside the dealer network. This positive demand is reflected in used car valuation guides from both CAP and Glasss, with .
William Hill Bids to Break up Greece’s Gambling Monopoly
Bookmaker and online casino giant William Hill announced that it has requested a license to open betting shops in Greece, challenging the stronghold over the market established by the countrys official betting organisation, OPAP.
If the license is not granted by the Greek government, as some expect will happen, the firm is prepared to fight it out in the in European courts in an attempt to put a dent in OPAP's monopoly.
William Hill chief executive David Harding said, We believe the recent European cases mean that what is happening is in breach of EU law. If it is rejected we will go to the courts to argue our case and that could involve going to the European Court of Justice.
The company may receive the EUs support to enter the market after Marchs European Court of Justice (EJC) ruling barring Italy from using criminal law to shut out foreign bookmakers in a case presented by Stanley Leisure.
Committee considers bids for district finances
The Policy and Long Range Planning; Audit, Budget and Finance; and Building, Grounds and Site Selection Committees met before the district's board of trustees Tuesday.
After voting to approve their March 13 meeting minutes, the Audit, Budget and Finance Committee brought three agenda items to the board, beginning with a presentation concerning the district's budget and finances.
To minimize reinvestment, interest and credit risks when investing $275 million bond proceeds, the committee recommended that the board approve for Hypo Public Finance Bank to act as provider, and U.S. Bank N.A. as the custodian, for a Flexible Repurchase Agreement.
Four bids were received March 19, Hypo Public Finance Bank's bid being the highest at a yield rate of 4.72 percent.
Another Round of Chrysler Bids Expected This Week
Potential Chrysler suitors are expected to make another round of bids for the Auburn Hills, Mich.-based automaker this week. The bids could trickle in as early as today because parent company DaimlerChrysler AG [ticker: DCX] is preparing for senior-level management meetings Wednesday, with the sale an expected hot topic. If a deal were to take place in the near future, operations and production of automobiles would likely transfer to the new parent quickly, while DaimlerChrysler might retain a stake in the financing operations for an extended period of time, according to unnamed sources in a Detroit News article. Daimler’s minority stake would likely preclude them from any day-to-day management over any part of the company, an unnamed source said. Private equity firms Cerberus Capital Management and The Blackstone Group as well as Canadian auto parts maker Magna International with partner Onex Corp.
IndyCar Driver Tomas Scheckter Holding Charity Auction on eBay
IndyCar Series driver Tomas Scheckter is holding a charity auction on eBay to benefit the Gift of Hearing Foundation. The winning bidder will have their name or company logo placed on Scheckter's helmet for the Kansas Lottery Indy 300 at Kansas Speedway on April 29.
Proceeds from the final sale will be donated to The Gift of Hearing Foundation, which is dedicated to increasing access to cochlear implant surgery and services for those who have been identified as candidates for this technology. .
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