EBay Inc. said on Monday it will cut about 1,000 employees, reducing its work force by about 10 percent.
The online auction site also said it will get rid of several hundred temporary workers. EBay said the reductions would streamline its organization.
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eBay Cutting Jobs
Bidz.com, a leading online retailer of jewelry, announced today the launch of a complete Arabic-language version of its online auction site, Bidz.com. This version of the Web site can be accessed by clicking the “Arabic” banner on the Company’s homepage, www.bidz.com. The Company has also hired Arabic speaking marketing personnel to better assist the new clientele.
The Arabic-language site is geared to Arabic-speakers, of which there are over 400 million worldwide. It is expected that the majority of sales conducted in Arabic will come from the Middle East, which includes two countries, United Arab Emirates and Saudi Arabia, that already rank in Bidz.com’s top ten countries by sales. The Company will utilize both internet and traditional advertising in the Middle East to publicize its Arabic translation.
Bidz.com derives approximately 25% of its revenue from outside the U.S., and international revenue grew 56% in the second quarter of 2008. The Arabic-language site is the second in a series of non-English sites, which will seek to tap into the auction site’s attractiveness around the world and will diversify the company’s revenue stream. The Company successfully launched a Spanish language version of its online auction site in May of 2008.
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Bidz.com Launches Arabic Online Auction Site
World Energy Solutions, Inc. today announced Vectren Energy Delivery of Ohio (Vectren) successfully conducted a natural gas auction for its Standard Sales Offer (SSO) on the World Energy Exchange.
The auction resulted in a retail price adjustment of $2.35 per thousand cubic feet (Mcf), which will be in effect from October 1, 2008 through March 31, 2010. Auction results were approved by the Public Utilities Commission of Ohio (PUCO) within 24 hours.
In a previously released statement, PUCO Chairman Alan R. Schriber stated: “We are pleased with the results of this auction. We believe customers in Vectren’s service territory will see a savings on the natural gas commodity price.” (The full statement can be read at www.puco.ohio.gov/puco/mediaroom/MediaReleaseBorderless.cfm?id=8732).
Vectren conducted the August 19, 2008 auction to enable interested suppliers to compete for the right to provide natural gas supply for its choice-eligible sales customers. Vectren’s choice program gives customers the option of purchasing their natural gas from a supplier other than Vectren, with Vectren retaining all delivery, billing and services responsibilities for the commodity.
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Vectren Ohio Conducts Natural Gas Auction
LONDON - One of the rarest and most desirable works of art from the Islamic world, a carved rock crystal ewer from the Fatimid Royal Treasury, dating to the late 10th to early 11th century AD, will be offered at the strongest sale of Art of the Islamic and Indian Worlds ever staged at Christie’s, […]
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Fatimid Rock Crystal Ewer for Christie?s Islamic and Indian Sale
Mangold Auction Service, LLC of Wickenburg recently won a national advertising award that will be presented during the awards ceremony at the National Auctioneers Association Conference and Show at the Renaissance Hotel in Nashville in July.
The award was for the “Best Online Catalog for Antiques.” More than 1300 entries were submitted to make this the […]
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Wickenburg Auctioneers Win National Advertising Award
