eBay said it will cut 10 per cent of its work force and spend about $1.3bn to buy online payment and classified companies to counter a slowdown in its main web auctions business. Investors are concerned the US housing slump, higher fuel prices and a ...

The former Taconic Restaurant, with 9,600 square feet of dining room, bar, banquet hall and kitchen space and the 4.7 acres it sits on at the corner of Routes 2 and 7, is up for auction. The minimum bid is $200,000. Ariel Sutain bought the former ...

LONDON, Oct 7 (Reuters) - Banks failed to take up the full 40 billion pounds ($70.27 billion) offered by the Bank of England is its first three-month auction with new, looser collateral rules. The auction was covered 0.77 times, meaning banks ...

LONDON — The devastating financial flu that has sent the American economy reeling is contagious, making the rest of the world look sick too. Stock markets on Monday plunged from Tokyo to Frankfurt to New York, as the economy suffered a global ...

TOKYO, Oct 7 (Reuters) - The Ministry of Finance (MOF) has decided to cancel an auction of inflation-linked Japanese government bonds that had been scheduled for Wednesday, the ministry said on Tuesday. MOF decided not to hold the auction due to ...

LONDON, Oct 7 (Reuters) - British banks' demand for dollar funds from the Bank of England fell on Tuesday. The BoE reported that its daily $10 billion overnight repo was covered 0.84 times, down from 1.05 times on Monday. It said the lowest accepted ...

Controversial artist Damien Hirst has donated three sketches to a charity auction. Hirst, 43, who won the Turner Prize in 1995, has given doodles of a shark, a skull and a butterfly to consumer art exhibition, Buy Art Fair. Proceeds from the sketches ...

SINGAPORE (Reuters Life!) - Move over Chinese contemporary, the head of one of Asia's leading private art auction houses sees Southeast Asian and Korean works as the next big thing on the Asian scene -- which he predicted would hold up against the ...

A bubble in high-end contemporary art prices could be about to burst as super-rich investors from regions rich in oil and other commodities begin to feel a dent in their fortunes from the global economic slowdown, according to UK auction surveyors ...

Online auction house eBay is axing 1,000 jobs or 10% of its global workforce as it looks to save $150m (£85m) a year in the face of slowing sales, in the latest evidence that gloom in the world economy is starting to impact major dotcom companies ...

WASHINGTON— The U.S. Justice Department and Manitowoc Co. reached an agreement Monday that will allow the commercial ice cube machine maker to acquire British rival Enodis PLC. The Justice Department filed an antitrust complaint in U.S. District ...

The U.S. Justice Department filed an antitrust complaint Monday against ice machine maker Manitowoc Co., saying its proposed acquisition of British rival Enodis PLC would hurt competition in the U.S. commercial ice machine market. Manitowoc has ...

The jammed credit markets barely budged Monday as governments around the world scrambled to prop up their failing banks and investors waited for details on how, exactly, the Treasury will go about buying $700 billion of U.S. banks' mortgage assets ...

Lynne Lynch/Columbia Basin Herald Todd Leavitt, owner of Miller's Fine Jewelers, examines stones to see which one is the real diamond during the diamond draw at the Boys & Girls Club auction on Saturday. Auction-goers revel MOSES LAKE - Among a sea ...

In a deal likely to rattle the global art market, a Russian retailing giant has bought a majority stake in Phillips de Pury & Co., the world's third-largest auction house. The transfer of ownership to Moscow-based Mercury Group gives London-based ...

SeaEscape, the casino day cruise ship harbored at Fort Lauderdale 's Port Everglades , will be sold to the highest bidder at a Broward County Courthouse auction scheduled for Oct. 16. District Judge Ursula Ungaro last week ordered the ship, formally ...

United States - (Recasts, adds final result of auction) NEW YORK (Reuters) - Sellers of protection on Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people )'s debt Monday were spared the ...

LIMA -- A scandal over alleged oil kickbacks has forced out Peru's energy minister and two top state oil company executives and led the government to void four oil contracts with Norway's Discover Petroleum, officials said Monday. President Alan ...

THE LAYOFFS: EBay Inc. is eliminating 1,600 jobs, about 10 percent of its work force. The online auction site operator will cut 1,000 full-time employees and let several hundred temporary and part-time workers go. It will also leave some open ...

The financing package offered by Reed Elsevier in the sale of its trade publication unit might come in smaller than expected, causing bidders to re-examine their offers, a source familiar with the matter said on Monday. Only a few bidders remain in ...