| Escala’s Bowers and Merena Division Sets Records with $7.2 Million ...
NEW YORK--(BUSINESS WIRE)--Escala Group (Pink Sheets:ESCL), a global collectibles company in stamps, coins, and art and antiques, today announced the aggregate sales results for its most recent auction conducted by Bowers and Merena Auctions of Irvine, California, part of Escala's Spectrum Numismatics division. As the official auction of the Baltimore Coin and Currency convention, the Bowers and Merena auction generated a total of $7,231,480 in winning bids in two days, March 22 and 23, 2007. "The auction results show stronger than ever prices for some numismatic material with dozens of new rare coin auction records established. There were pennies that brought thousands of dollars, and silver and gold coins that sold for tens of thousands," said Steve Deeds, President of Bowers and Merena.
Barrett, city try to hammer out deal on auction
SCOTTSDALE - Scottsdale and the Barrett-Jackson Auction Co. continue to negotiate an agreement to keep the collector-car event here, but the two sides disagree on the progress of those talks. Scottsdale City Manager Jan Dolan said Thursday that the two sides had a "very good" meeting last Friday, the first session since the City Council went behind closed doors in March to hammer out a negotiating strategy. Barrett-Jackson spokesman Jason Rose said Dolan's characterization of the closed-door meeting is inaccurate. .
Cetes drop in auction
Mexico City, April 17th.- In Tuesday's government securities number 16 of this year, Mexico's 28-day Treasury Certificates, or Cetes, ended flat at 7.00 percent, according to information provided by the Central Bank (Banxico). Banxico said the 91-day Cetes shed 0.01 percentage points to finish at 7.14 percent, compared to last week's final quote at 7.15 percent. Meanwhile, the banking authority said the 175-day government closed at 7.26 percent, reflecting a decline of 0.02 percentage points versus the previous rate of 7.28 percent. (Information provided by Finsat/Esteban Rojas H./GCE) .
Ivanhoe says INPEX to join in bidding on Iraq field
NEW YORK -- Canada's Ivanhoe Energy Inc. said on Thursday Japan's INPEX Holdings Inc. will join it in a venture that is considering bidding on a heavy oil field in northern Iraq. Ivanhoe signed a memorandum of understanding with the Iraqi Ministry of Oil to evaluate the Qaiyarah Oil Field in northern Iraq in October 2004. The field is near but not in the largely autonomous Kurdistan region, the company said. "It's important to have credibility in the bidding process," Ivanhoe Co-Chairman Robert Abboud said in an interview. "This partnership makes a very credible bidding applicant from the standpoint of experience, knowledge and financial capabilities." Ivanhoe said it has received approval from the oil ministry for INPEX's participation. .
BCE May Be Target of Bidding War as Teachers' Fund Weighs Offer
April 18 (Bloomberg) -- BCE Inc., Canada's biggest telephone company, may become the target of a bidding war. The Ontario Teachers' Pension Plan, BCE's biggest investor, said yesterday it will consider leading a group to make an offer that would compete with a bid from Kohlberg Kravis Roberts & Co. and a group of Canadian pension-fund managers. ``BCE's officially in play now and I think it's definitely a good thing,'' said Jonathan Popper, a portfolio manager at MFC Global Investments, which oversees the equivalent of $80 billion, including BCE shares. The Canada Pension Plan Investment Board, the Caisse de Depot et Placement du Quebec, and the Public Sector Pension Investment Board said yesterday they started takeover talks with Montreal-based BCE, whose market value is about C$31 billion ($27 billion).
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