Online auctions may sell tainted health and beauty products
From Roanoke Times
I can't recall purchasing many health and beauty items from online auction sites, but if you have, heed a recent warning from the National Retail Federation. To keep from encountering these products, buy health and beauty items from legitimate retailers, inside stores or on a company's Website, the NRF says.
Posted Under: Auctions
States Seek Congress's Aid as Subprime Boosts Costs (Update1)
From Bloomberg
Feb. 26 (Bloomberg) -- U.S. governors including New Jersey's Jon Corzine and New York's Eliot Spitzer may ask Congress to help reverse rising municipal debt costs stemming from the subprime mortgage market's collapse, Washington Governor Christine Gregoire said. Interest on insured bonds, including debt with rates set at periodic auctions, rose to as high as 20 percent because investors shunned the securities or demanded higher yields on waning confidence in the companies guaranteeing...
Posted Under: Auctions
Fed Auctions $30 Billion
From The Associated Press
WASHINGTON (AP) The Federal Reserve, seeking to combat effects of the credit crisis, said Tuesday it had auctioned another $30 billion in funds to commercial banks, at an interest rate of 3.080 percent. The central bank cut its target for the federal funds rate, the interest that banks charge each other, by 1.25 percentage points, the biggest one-month move in a quarter century, as it stepped up efforts to keep the weakening economy from falling into a recession. The Fed adopted its new...
Posted Under: Auctions
Long-Term Treasurys Hit by Inflation
From The Associated Press
Treasurys fell Tuesday after the latest wholesale price report raised concerns that a commodities rally has sent inflation spiraling throughout the broader economy. The core rate, which strips out food and energy prices, rose 0.4 percent, twice the 0.2 percent of analysts surveyed by Thomson/IFR. The Fed is thought to be more concerned about consumer price data than the wholesale figures, but the latest report could lead the central bank to back away from the recent rate cuts, which can add...
Posted Under: Auctions
Fresh crop dominates Andhra auctions
From Business Standard
In a trend reversal, fresh chilli crop dominated auctions at the market yard here last week and this week, earning higher prices than cold storage (old) chilli. While the minimum price for the fresh crop common varieties stagnated at Rs 2,600 on the first two days of the week, the special varieties lured buyers into paying higher prices above Rs 3,800 on Tuesday.
Posted Under: Auctions
