Word: auctioner
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WOODWARD: It is just wonderful Google has chosen to do its IPO with a public auction of its shares. An auction is the clearest and fairest and most efficient way to set the price for it. And the fact that it has chosen to use the Internet as a part of its IPO will open it up to millions of people who otherwise wouldn't be able to participate...
...TIPS have come a long way since their low-key 1997 rollout. The Treasury is on track this year to issue about $60 billion worth of TIPS, double last year's issuance, as part of an effort to diversify liability and attract new investors. In July the Treasury will auction new 20year TIPS and in October will follow up with a five-year note. You can buy TIPS from the Treasury directly (at treasurydirect.gov or through your broker. If possible, keep TIPS in a tax-sheltered account like a 401(k) or IRA. While TIPS are free from state...
News of Glaeser’s appointment has drawn a warm reception at the Taubman Center, which was formed in 1988 when an auction house mogul donated $15 million to have the Kennedy School study issues of state and local governance...
...million Winning bid for Boy with a Pipe, an early work by Pablo Picasso, making it the most expensive painting ever sold at auction...
...million The old record price, paid by a Japanese billionaire in a 1990 auction for Van Gogh's Portrait of Dr. Gachet...