| eBay beats expectations, raises outlook
SAN FRANCISCO - Online auction leader eBay today reported quarterly results that beat Wall Street expectations and said its outlook for the rest of the year would be at the high end of analysts' predictions. Shares of eBay jumped as much as 6 per cent after the company posted a 52 per cent jump in net profit on a 27 per cent revenue rise, led by growth in its core auctions business and the rising prominence of international sales. "I would say it was a very strong quarter across the board," Chief Executive Meg Whitman said in an interview. "We at the top end of analysts' predictions, which ranged from US$1.27 ($1.72) to US$1.34, based on Reuters Estimates data. "Overall it was a good report card," said Martin Pyykkonen, an analyst with Global Crown Capital.
cMarket Cements Its Position as Largest Provider of Online Charity ...
CAMBRIDGE, Mass.--(BUSINESS WIRE)--cMarket, the nation's largest provider of online fundraising auction events and parent to www.BiddingForGood.com, today announced that it has launched its 2,000th auction, making it the "category leader" as the company that has run the most fundraising auction events on the web. The company is set to keep this mantle, with a pipeline of another 500 online auction events scheduled to run over the next 90 days. The 2,000 auctions ultimately represent thousands of children who've received a better education, hungry people who've been fed, environmentally beneficial programs that have been implemented, and medical research that has been funded. Fundraising through auctions is also big business and cMarket believes it can be even bigger.
CEPS auctions imported HIV drugs
The Customs Excise and Preventive Service (CEPS) has auctioned a container load of anti-retroviral drugs and relief items imported for persons living with HIV/AIDS.
The import from an American based charity, Aid for AIDS Africa, reportedly arrived in Ghana in August last year, but was not cleared within the one month period expected.
The Founder and President of the US charity group, Maurice Graham has been in Ghana for the past three weeks trying to trace the shipment.
But the Public Affairs Director of CEPS, Ms Annie Anipa disclosed to Joy News that the medical supplies were auctioned on the 22nd of last month because no one came forward to claim it.
After the expiration of the free storage period and the legal allowable time for goods to be kept at that freight station the goods were auctioned.
Boots recommending KKR bid
LONDON (Reuters) - The board of Alliance Boots, the pharmacy chain caught in a bidding war, reiterated on Friday it was recommending a $22 billion (11 billion pounds) offer by private equity firm KKR and its deputy chairman Stefano Pessina. Alliance Boots said in a statement it would also continue to provide a second group of bidders, led by private equity firm Terra Firm, with high level due diligence including access to senior management. A bidding war for the pharmacy chain broke out earlier on Friday when the two private equity firms put in competing offers as they vied to strike Europe's biggest leveraged buyout. .
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