Word: auctioner
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Everything about the Exxon Valdez oil spill was expensive, but last week it produced a few bargains. At an auction in Anchorage to sell off surplus equipment that Exxon used in cleanup operations, buyers bid on acres of items ranging from animal shampoo to mobile homes to microwave ovens. Four 18-ft. boats sold for $3,750. Other items were less than a steal: four used TV sets sold for a total of $2,000. Ritchie Bros. Auctioneers International, a Vancouver, B.C., firm that bought the surplus gear from Exxon, collected $3.8 million on the first day of the four...
...when the shooting resumes. Under his new plan, hunters will be permitted to shoot only straying male bison. Federal park rangers and state game wardens will kill the females, and the meat will be distributed to needy people. Bison calves will be captured and neutered, then sold at public auction. The proceeds will pay for the butchering of their mothers...
Bush figured he could flood the market with cheap oil from the SPR and depress prices that have skyrocketed in the wake of the embargo against Iraq and Kuwait. Ten days ago, he authorized the Department of Energy to auction off five million barrels over the next six weeks...
...government's yard of properties is filling up fast, with few buyers in sight. The RTC last week canceled plans for a much ballyhooed November auction of $300 million worth of property that was to have raised sorely needed cash. While the agency attributed the cancellation to disagreements with the auction company, experts pinned part of the blame on sluggish real estate markets and tight credit policies among now cautious lenders. In a sign of the agency's eagerness to unload inventory, Seidman last week urged the government to provide financing for buyers to speed the sale of $50 billion...
Yesterday's high tech, though, is today's low tech. The Selectric lost much of its luster in recent years when secretaries switched to word processors and personal computers. As a result, IBM is putting its typewriter business on the auction block. The most prominently mentioned buyer: Clayton & Dubilier, an investment firm. Says Kenneth Camarro, an office-automation consultant: "IBM has read the writing on the wall." And the writing didn't come from a Selectric...