Ableauctions.com (AMEX:AAC) announced today that it has purchased back in excess of 2 million shares of its own stock since initiating the stock purchase program on July 23, 2007. The Company intends on continuing purchasing its stock back from time to time at the Company’s discretion, with the Company’s currently available cash reserves. No specific […]

The government department will auction $13 billion in 10-year notes and $5 billion in 29-year, 6-month bonds to refund $51.5 billion in maturing securities and pay down about $33.5 billion.
The rest of the government’s financing requirements will be met with weekly bills, monthly 2-year and 5-year notes and other instruments, Treasury said.
Treasury added it’s likely […]

Billionaire investor Carl Icahn sued BEA Systems, the software maker that spurned a $6.7 billion offer from Oracle, demanding that the company hold an annual meeting and allow shareholders to vote on a sale.
Icahn, BEA’s largest shareholder, said Friday that the company should put itself up for auction. The lawsuit asks for BEA, which is […]

Employees’ unions of the state-owned National Transmission Corp. (Transco) accused the government of bad faith in concealing the lease terms of the national power grid that has been scheduled for auction on Nov. 5.
Walder Revelar, president for the Mountain Province area of the Mindanao Transco Employees Association (Mintrea), said they were protesting the government’s “absence […]

Chilean life insurer EuroAmérica has won the auction for the annuity portfolio of bankrupt Chilean life insurer Le Mans Desarrollo, securities and insurance regulator SVS said in a press release.
EuroAmérica’s offer outbid the only other competitor in the bid, locally owned life insurer Vida Security.
SVS was looking to award the US$77mn portfolio to the life […]

Verizon Wireless is giving up on it’s legal challenges to the Federal Communications Commission’s “open access” push in the upcoming wireless spectrum auction in January.
The company had sought to overturn FCC rules that would require winners in the auction for one highly coveted portion of the 700MHz spectrum to offer open access to consumers. Those […]

India will launch its next auction of oil and gas exploration blocks on Nov. 5, offering more acreages and seeking more bids from oil majors, a government source said on Wednesday.
The country, Asia’s third-largest oil consumer that buys 70 percent of its crude, is keen to reduce dependence on imports.
India is expected to offer 57 […]

The Securities and Exchange Commission has approved a market-based method for valuing employee stock options, which could make the popular perks worth less and reduce the expense cost to companies.
Financial services company Zions Bancorp said Monday the SEC’s chief accountant had given final approval to its auction system for calculating market values of stock options.
Salt […]

Philippines — The auction for four-year Philippine Treasury bonds worth P7 billion, scheduled to be held next week, has been cancelled, deputy treasurer Eduardo Mendiola said Monday.
Philippine markets will be closed on October 29 for the election of village officials all over the country, and again on November 1 and 2 for the All Saints […]

The Philippine government plans to auction off at least five more power plants of state utility National Power Corp. next year, an official of the agency tasked with handling the privatization said over the weekend.
Most of the facilities run on geothermal energy.
Froilan Tampinco, vice president for asset management of the Power Sector Assets & Liabilities […]