| DoubleClick to set up digital ad exchange
Doubleclick, which delivers marketing messages to web sites and monitors how many clicks they get, is setting up a Nasdaq-like exchange for the buying and selling of digital advertisements. The service may make DoubleClick a more attractive acquisition target, according to advertising industry executives. DoubleClick, which opened in 1996 as a pioneer in the placement of banner ads online, has evolved into a company that servesseparately both buyers and sellers of digital advertisements. For advertising agencies and media buyers, it helps place ads online and gauge the effectiveness of cam- paigns. For web publisherscompanies that publish Web content and accept ads on their sitesDoubleClick delivers the ads to the Web sites and sells software that helps make the most of available space.
$1.3M in bids approved for HMS renovation
HAMMONTON -- Over $1.3 million in bids were approved Thursday by the Board of Education, paving the way for the final phase of renovations and expansion work at the Hammonton Middle School. The work will begin this June. Eleven new and renovated classrooms are part of the upcoming construction, which was approved in January 2006 as part of a $2.6 million referendum. The first phase of the construction involved replacing the aging and leaking roof at the school on North Liberty Street. The work eventually came in under budget, leaving the district with a balance of $1.6 million in funds from the referendum. With architectural costs and other related expenditures, district officials expect to have just enough funds to cover the project. Any added expenditures above the referendum amount would have to be made up through the district's regular budget.
Van service to go out for bid
SPRINGFIELD - After pressure from the state's new transportation chief, the region's public transit agency yesterday announced that it will seek bids for a troubled van service for the elderly and the disabled. Bernard E. Cohen, secretary of the state Executive Office of Transportation, yesterday met with Mary L. MacInnes, administrator of the Pioneer Valley Transit Authority, and recommended that she advertise for bids for the estimated $6 million van service, he said. MacInnes has been facing growing criticism for naming a new van vendor without obtaining bids. "I don't think this is an agency that needs more questions about procedures," Cohen said yesterday during an editorial board meeting at The Republican. Federal investigators, concerned about possible bid-rigging, raided the agency's Springfield headquarters in late 2005, but no charges have been brought.
First-Time Bidders Kick and Click During Busy Week at Ritchie Bros ...
SACRAMENTO, CALIFORNIA -- (MARKET WIRE) -- March 26, 2007 -- Ritchie Bros. Auctioneers (TSX: RBA)(NYSE: RBA), the world's largest auctioneer of industrial equipment, announces that it sold more than US$70 million worth of trucks and equipment during eight industrial and agricultural unreserved auctions held last week. The largest was a two-day auction in Sacramento, California, which generated gross auction sales of more than US$20 million. The Company continues to attract new buyers and sellers to its sales, which was particularly evident at its auction sale in California on March 19 and 20, 2007. "We had more than 2,100 registered bidders for our two-day unreserved auction, and for a good number of them, it was their first time attending a Ritchie Bros. auction," says Ritchie Bros.
$1.4B in Art Expected To Sell At May Auctions
Sotheby's and Christie's International may auction almost $1.4 billion of art in New York next month as collectors including David Rockefeller and the Israel Museum sell to take advantage of soaring prices. The world's two largest auction houses are stepping up marketing of impressionist, modern, and contemporary art for the May sales, which could match their record auctions in November, based on high estimates from the companies. Christie's shows works in Seoul this week, then in New York starting May 4. Sotheby's unveils highlights of its offerings in London tomorrow. New buyers from as far as Russia and China are driving up prices. Rockefeller paid $10,000 in 1960 for a Mark Rothko painting that's now valued at more than $40 million, said Sotheby's. Andy Warhol's "Lemon Marilyn" may fetch "more than $18 million" at Christie's, 72,000 times the cost of the finished work in 1962.
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