The U.S. Federal Reserve will auction $30 billion in short-term credits to banks at each of the two special auctions in January, the Fed announced Friday. The loans are being offered as part of a special term auction facility to help alleviate liquidity problems in global financial markets stemming from losses due to risky mortgage-backed […]

Frontline Wireless announced on Wednesday that it was out of the auction.
The consortium, which included Reed Hundt, former FCC chairman, and VCs such as John Doerr, did not give a reason for its withdrawal from the auction. But there has been speculation that the Greensboro, North Carolina-based consortium was unable to raise the auction’s “reserve […]

Italy’s government will postpone announcing results of an auction to convert four depleted gas fields into storage facilities, expected by mid-January, due to administrative hurdles, a government source said on Tuesday.

Ableauctions.com (AMEX: AAC ) has purchased back in excess of 3.7 million shares of its own stock since initiating the stock purchase program in July 2007. The company intends to continue purchasing its shares back in the market from time to time at its own discretion with currently available cash reserves. No specific number of […]

The Riga Stock Exchange (RSE) has proposed to carry out the privatization of Latvia’s Lattelecom electronic services provider through a public stock exchange auction, the BNS news wire reported.
RSE representatives told BNS the bourse has offered its sell-off model in a letter sent Friday to Latvian Prime Minister Ivars Godmanis, economics minister Kaspars Gerhards, transport […]

The Bank of Italy will auction five-year and thirty-year BTP treasury bonds on Jan 15, said the Italian economy ministry.
The actual amounts to be auctioned will be announced at a later date.

Deutsche Telekom AG, Skipti ehf, and an investment group are the three remaining bidders for a 49.13 percent stake in Telekom Slovenije d.d., Slovenia’s national phone company, as the auction was extended to Jan. 14.

Reserve Bank will conduct the auction for 10-year State Development Loans for six state governments aggregating to Rs 5833.300 crore on January 7.
The largest amount of Rs 2,000 crore is being raised by Maharashtra, followed by Uttar Pradesh Rs 1,100 crore, Gujarat Rs 1,000 crore, Kerala Rs 833.300 crore, Rajasthan Rs 600 crore and […]

The Weather Channel, one of the last privately owned U.S. cable channels, is up for sale and could fetch more than $5 billion, The New York Times reported.
The channel and its rapidly growing Web site, weather.com, are already attracting interest from some of the biggest names in media, including NBC, a unit of General Electric; […]

The Department of Telecommunications (DoT) has put in place a team to study various methods for allotting 2G spectrum, including offering the first tranche as part of the licence and holding auctions for additional allotments.
According to the DoT, which has prepared an internal note for the Prime Minister’s Office (PMO), auction of the airwaves will […]