| Pennsylvania Latest Battleground in eBay Consignment-Sales Regulation
Barry Fallon, who operates an iSold It store in Pennsylvania, says regulators in his state are forcing him to get an auctioneer's license to operate his eBay drop-off store. "To get a license in PA requires training and a one year apprenticeship before we can open a store," Fallon said. "So if they succeed, we will all have to close our doors for a year or pay someone with a license to oversee the operation." When asked about Pennylvania's apparent attempts to require eBay drop-off stores to have an auctioneer's license, eBay spokesperson Catherine England said in an email: eBay believes that Pennsylvania law is pretty clear and that trading assistants are generally not subject to the state's auctioneering regulations. We have been in contact with state regulators but they continue their enforcement actions against some sellers.
Macquarie Power bids to acquire Clean Power Income Fund
TORONTO Macquarie Power & Infrastructure Income Fund, a Toronto company which invests in power infrastructure and other assets, says it has made a bid to trump a rival offer and acquire Clean Power Income Fund for about $6.39 per unit, a price that values the target company at about $226-million. .
Ex-Wakayama governor admits rigging bids
Former Wakayama Gov. Yoshiki Kimura pleaded guilty at the first hearing of his trial at the Osaka District Court on Tuesday to rigging bids and accepting 10 million yen in bribes in connection with prefectural public works projects. Kimura, who appeared in public for the first time in about five months since his arrested, said: "I deeply regret betraying the trust of prefectural residents. I'm really ashamed." According to the indictment, Kimura, 55, rigged bids on two prefectural tunnel construction projects and a sewerage construction project, which were all bid for on Nov. 11, 2004, in favor of a consortium of three general contractors in conspiracy with others accused in the scandal, including Satoaki Mizutani, the former treasurer of the prefectural government, and Chikanori Hioki, a former adviser of major contractor Obayashi Corp.
Casino Royale's Omega Watches Fetch High Prices At Auction
CBn previously reported that the Omega watches featured in Casino Royale, including the Planet Ocean worn by Daniel Craig's James Bond, were to be auctioned off at Antiquorum's "Omegamania" event, which took place on 14-15 April 2007 in at the Mandarin Oriental Hotel du Rhone in Geneva, Switzerland. The sale was a phenomenal success with a grand total of CHF 6.5m (roughly $5.4 million or £2.7 million), more than three times the pre-sale estimate… Omegamania Sweeps the World An auction of vintage Omega watches as well as one worn by Daniel Craig in the most recent James Bond movie Casino Royale fetched a staggering CHF 6.5m, more than three times the pre-sale estimate. 'Omegamania', hosted by the worlds leading horological auctioneers, Antiquorum, generated a total of CHF 6,536,911 including the highest price ever paid for an Omega watch at auction.
eBay Scrambles Egg Sellers' Listings
You might not think of eBay as a marketplace for eggs, but some sellers who raise poultry rely on it to reach buyers who are looking for hatching eggs. But according to these "chicken sellers," as one described herself, eBay closed down hundreds of auctions on April 3rd because the sellers offered to send the merchandise via Priority Mail rather than Overnight Express. A seller who wished to remain anonymous called the shipping policy absurd, "because a freshly laid egg is NOT alive until it is incubated. We were not given any warning AT ALL. We have all lost money due to our auctions being cancelled WITHOUT NOTICE," she wrote in an email. In fact, she said, "Many of us also exchange eggs in this way to add new blood to our flocks and to help multiply endangered species of poultry.
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