Business news for Tue, 18 Dec 2007 & with word auction. 19 news.

The monetary helicopters are getting bigger. When the European Central Bank conducted an auction, it initially expected to inject ?180.5bn ($260bn) of funding into the markets, based on its past benchmarks of what banks usually need

A balancing act deciding what auctions get pulled An eBay auction for a clay tablet was pulled just minutes before it was scheduled to close, after authorities flagged it as a 4,000-year-old endangered cultural object that was illegally smuggled out of Iraq.…

Pope & Talbot Inc. has scrapped part of a plan to auction its lumber assets, according to court papers filed Monday.

The European Central Bank said on Monday that it would lend banks as much in two-week funds as they are willing to pay for in its weekly refinancing auction.

A 4,000-year-old clay tablet authorities suspect was smuggled illegally from Iraq was pulled from eBay just minutes before the close of the online auction, authorities said Tuesday. Criminal proceedings have been launched against the seller, identified...

A change in the rules of the Bank of England's money auction has attracted bidders for more than ?10bn of loans as part of a co-ordinated attempt by the world's central banks to support the world's banking system

South Africa's Naspers agreed to buy British Internet auction house Tradus for $1.91 billion, in a bid to fast-track growth in Central and Eastern Europe.

The Bank of England will step up its attempt to ease the crisis in the credit markets today when it auctions off the first slice of ?10bn of funding it is offering to lenders. A second auction will take place on January 15.

Africa's largest media firm, Naspers, is to buy UK internet auction firm Tradus, formerly QXL, for £946m.

The Bank of England will step up its attempt to ease the crisis in the credit markets today when it auctions off the first slice of £10bn of funding it is offering to lenders. A second auction will take place on January 15. Yesterday the US Federal Reserve auctioned $20bn (£9.9bn) for the same reasons, although it did not specify how many banks had taken the extra money. Both acted after an agreement between themselves and three other major central banks - the Bank of Canada, the European Central Bank, and the Swiss National Bank - in which they pledged to inject

Tradus has agreed to back an ?18 a share offer from South African media group Naspers that values the online auction site formerly known as QXL Ricardo at just under ?950m

Naspers shares have dived as much as 7% after Africa's largest media firm said it would buy UK internet auction firm Tradus for R13.2bn.

State-owned horse racing bookmaker the Tote is to be sold off on the open market, it was reported yesterday.

WALL Street extended last week's losses yesterday as investors remained concerned about flagging growth and rising prices, and were skeptical that a special Federal Reserve credit auction will be a solution. The Dow Jones industrial average fell nearly 175 points and all the major indexes lost at least 1 percent. The Fed offered US$20 billion in 28-day credit through an auction yesterday. The central bank will not release the results until Wednesday, but the aim of the auction is to encourage commercial banks to borrow from the Fed. That, in turn, is designed to boost banks' lending to businesses and consumers and keep the economy humming. Last week, the Fed disappointed investors when it cut interest rates by only a quarter of a percentage point, which was less than some analysts expected. Wall Street is pleased that policy makers say they will keep trying to lift market confidence, which has dwindled since home foreclosures started soaring, but the market is so far

NEW YORK, Dec. 17 -- Stocks extended last week's losses Monday as investors remained concerned about flagging growth and rising prices, and were skeptical that a special Federal Reserve credit auction would help solve things. All the major indicators lost at least 1 percent.

Blognation founder resigns amid feud with TechCrunch founder Michael Arrington.

Stocks extended last week's losses Monday as investors remained concerned about flagging growth and rising prices, and were skeptical about the Fed's special credit auction.