Online auction site uBid Inc. announced it has become a publicly traded company after a merger with a subsidiary of Cape Coastal Trading Corporation, whose only business following the merger will be the execution of uBid’s business plan under the uBid name.
Concurrent with the merger, the combined company completed a $45 million private placement involving [...]

German decorator Matthias Blume said on Monday he had relaunched the bidding process for the name tags of the 32 World Cup finalists used in the televised draw after receiving bogus offers. Blume, who found the slips of paper in a rubbish bag while cleaning up after the draw in Leipzig on Dec. 9, said [...]

The online auctioneer eBay has admitted that personal accounts are being hijacked by fraudsters, but claim it is the responsibility of eBay users themselves to prevent this.
Criminals are obtaining the secret passwords of eBay subscribers and using their sites to conduct bogus auctions for non existent goods.
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Online auction site eBay has publicly responded to complaints of fraudulent auctions by user Alisher71, possibly a Naples resident. In the last 30 days, Alisher Mardonov and Shahnoza Khakimova allegedly listed over 1000 items on eBay, accepted payment, but never delivered the merchandise.
The auctions began in mid November listing everything from iPods to laptop computers. [...]

Since the launch of I-BID in 2003, the state has earned about $700,000 from the sale of more than 3,000 items, ranging from an old Department of Transportation helicopter to Swiss Army knives confiscated from travelers at the state’s airports.”There are people interested in everything we might sell,” said Brian Chapman, chief operating officer for [...]

A 44-year-old German businessman whose digital camera was stolen at a restaurant was relieved when he managed to buy exactly the same model on the eBay Internet auction site to match his accessories. But he became suspicious when it emerged the seller came from his home town. It proved to be the same camera. Police [...]

An Oregon man has pleaded guilty to using a computer worm to launch attacks against Internet auction site eBay Inc., the U.S. attorney’s office handling the case said on Wednesday.Anthony Scott Clark, 21, pleaded guilty to intentionally damaging a protected computer, a crime with a maximum penalty of 10 years in prison and a fine [...]

Depending on what you sell between one and ten percent of your bidders will fail to pay you after the auction ends. Up until now you didn’t really have any way to guarantee the buyer would step up and pay you. Now, I am going to teach you a very powerful and quick way to get non paying bidders to pony up.

Philips will hold an online charity auction on eBay to sell off the light bulbs used to illuminate this year’s ball, with all proceeds going to the American Red Cross Disaster Relief Fund. This will be the last year Philips will use halogen and incandescent bulbs. It’s LED, solid-state lighting for next year’s ball. The [...]

Two Bangladesh websites, clickbd.com and dhakashop.com, have claimed that their online auction services have attracted thousands of new internet users from all over the country.While dhakashop.com has drawn 3,000 registered users since the site’s launch in January 2005, clickbd.com boasts 10,000 registered users since April 2005.
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