News tagged with auction
Jack Ma: English teacher turned Internet billionaire
After being knocked back by American venture capitalists in 1999, Jack Ma -- a cash-strapped entrepreneur -- convinced friends to give him $60,000 to start Chinese online retailer Alibaba.com.
May 21, 2012 |
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Reports: Nasdaq 'embarrassed' at Facebook delay
(AP) -- The CEO of the Nasdaq stock exchange says it is "humbly embarrassed" by its bungling of Facebook's hugely anticipated debut as a public company on Friday.
May 21, 2012 |
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Ousted Yahoo! CEO Scott Thompson has cancer: report
Ousted Yahoo! chief executive Scott Thompson told board members before his resignation that he has cancer, the Wall Street Journal reported Monday.
May 14, 2012 |
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Japan's Softbank ties up with eBay in online billing
Internet auction giant eBay and mobile phone operator Softbank said Wednesday they were teaming up to bring the US firm's PayPal online billing system to Japan for the first time.
May 09, 2012 |
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Economics study homes in on factors influencing value of great art
Arzu Aysin Tekindor has never seen "Antiques Roadshow," the PBS television program that routinely subjects artworks and other collectibles to the burning question: What is it worth?
May 04, 2012 |
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AOL says to sell 800 patents to Microsoft for $1.0 bn
AOL announced plans to sell more than 800 patents to Microsoft in a $1.056 billion deal giving the struggling Internet pioneer a needed cash injection as it seeks to fend off pressure from shareholders.
Apr 09, 2012 |
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PayPal taps mobile chief Marcus as president
(AP) -- PayPal's mobile unit chief will become the online payments service's next president.
Mar 29, 2012 |
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Czechs to auction 4G mobile frequencies
Czech telecommunications regulators (CTU) announced Monday their intention to auction 4G mobile telephony frequencies and that a fourth mobile operator could enter the Czech market.
Mar 19, 2012 |
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Study: The right strategy doesn't guarantee advantage in auctions, real estate or stock market
Who wouldn't pay a penny for a sports car? That's the mentality some popular online auctions take advantage of -- the opportunity to get an expensive item for very little money.
Mar 16, 2012 |
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India's Wipro shares sale gets lukewarm response
An auction of India's Wipro shares by a trust controlled by its founder and chairman Azim Premji received bids for just under two-thirds of its offer size, stock exchange data showed late Wednesday.
Mar 14, 2012 |
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Irish PayPal expansion to create 1,000 jobs
US online payments giant PayPal is to create 1,000 new jobs in Ireland in a major expansion of its operations in the eurozone member, Prime Minister Enda Kenny said on Tuesday.
Feb 21, 2012 |
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India says 3G roaming mobile pacts 'illegal'
India's telecom ministry told mobile phone operators on Thursday that they must scrap "illegal" mutual roaming agreements allowing them to provide seamless nationwide 3G services.
Dec 22, 2011 |
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Overstock.com unloads goods at Utah auction
(AP) -- Overstock.com, the online retailer known for selling distressed merchandise, was feeling a little distressed itself. With household merchandise stacking up in a warehouse, it opened the doors Thursday ...
Dec 16, 2011 |
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Founding Apple document sells for $1.6 million
The founding papers setting up Apple Computers sold Tuesday in New York for just under $1.6 million, ten times the maximum amount that had been expected by Sotheby's auctioneers.
Dec 14, 2011 |
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British sprinter turns to eBay for Olympic bid
A British athlete on Wednesday put himself up for auction on online giant eBay in a desperate attempt to attract sponsors in the run up to London's 2012 Olympic Games.
Dec 07, 2011 |
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Auction
An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.
There are several variations on the basic auction form, including time limits, minimum or maximum limits on bid prices, and special rules for determining the winning bidder(s) and sale price(s). Participants in an auction may or may not know the identities or actions of other participants. Depending on the auction, bidders may participate in person or remotely through a variety of means, including telephone and the internet. The seller usually pays a commission to the auctioneer or auction company based on a percentage of the final sale price.
For more information about Auction, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
