| Overstock.com Lowers Auction Fees, Delays New-Feature Launch
Overstock.com will lower listing and commission fees for online-auction sellers effective April 10, 2007. The head of Overstock.com Auctions Meghan Tuohig also announced on discussion boards the launch of 1-day auctions and the delay of the long-promised bid cancellation feature and Classifieds. Listing fee decreases range from zero to 7 cents, depending on the starting price. For example, for items with a starting price of less than one dollar, listing fees will go from 17 cents to 10 cents. Closing (commission) fees will also be lowered, with the first tier commission (for items selling for between one cent and $25) going from 3.25 percent to 3 percent. When Overstock.com launched its Auctions platform in September 2004, online-auction sellers in some categories hoped they could migrate their businesses from eBay to Overstock Auctions.
Site helps promote ebay auctions
Dominitech, a popular search engine and Internet portal, has announced its launch of a new Dominitech Market Place. The Dominitech Market Place will serve as a quick and easy way for eBay users to promote their auctions.
Ebay users can now easily submit their auction numbers and descriptions using a tool found in the Dominitech Market Place. Jeff Herrera, Affiliate Marketing Manager, says, This is an excellent opportunity for eBay users to promote their auction to the thousands of visitors Dominitech.com receives everyday, as well as give current Dominitech visitors more of a reason to keep coming back.
It simply has information about poker and nothing more.
Before Dominitech closed most of its services back in 2004 after downsizing, the Domintech Market Place was called the Dominitech Shopping Area.
Ritchie Bros. Auctioneers Opens New Facilities in Canada and the US
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 04/16/07 -- Ritchie Bros. Auctioneers (TSX: RBA)(NYSE: RBA), the world's largest auctioneer of industrial equipment, announces the results of two large unreserved auctions held last week. The largest was a two-day grand opening auction at the Company's new Columbus, Ohio auction facility, with buyers purchasing over US$29 million in gross auction sales. The other large auction held last week was at the Company's Saskatoon, Saskatchewan site. The Company held its auction in a newly built auction facility there, and believes it was Canada's largest-ever unreserved agricultural auction, with more than CA$14 million (over US$12 million) worth of agricultural equipment and real estate sold. "The strength of these results demonstrates that our growth strategy is working," said Peter Blake, Chief Executive Officer of Ritchie Bros.
Multi-Billion Dollar B2B Companies Standardize End to End ...
NetSuite, Inc., the leader in on-demand business management software, recently unveiled a B2B ecommerce platform consisting of advanced functionality that extends the benefits of Software as a Service (SaaS) applications to companies' B2B ecommerce operations.
Designed to address the needs of today's complex B2B businesses, the NetSuite® B2B platform encompasses sophisticated features – including quantity pricing, customer price levels, minimum order amounts, invoicing with customer terms and credit limits, easy re-ordering, and multiple webstore capabilities that allow the same company to create different sites for their B2B and B2C customers. With the NetSuite B2B ecommerce platform, companies of all sizes can run their end-to-end B2B ecommerce operations without having to go through the pain and high costs of developing complex custom applications or tying together different ecommerce point solutions.
RBI asks market participants to submit bids for MSS
Mumbai: The Reserve Bank of India (RBI) has asked participants to submit their bids for the market stabilisation scheme (MSS) in physical form. This has been done on account of a system failure, the central bank said. The RBI will auction dated securities worth Rs3,000 crore (nominal) on April 18, 2007 under the MSS. In consultation with the government of India, "7.55 per cent government stock 2010" will be sold (re-issued) through a price-based auction using multiple price method. The RBI will conduct the auction at its Mumbai (Fort) office on April 18.
Up to five per cent of the notified amount of the sale of the stock will be allotted to eligible individuals and institutions as per the scheme for non-competitive bidding facility in the auction of government securities.
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