Business

Auction listing fees cut for casual sellers: EBay

May 13, 2009
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In order to attract more sellers who occasionally auction off items, the online marketplace, eBay is eliminating some upfront fees. EBay Inc. said on Tuesday that users will soon be able to offer up to five items for auction every 30 days without paying the fees that eBay usually charges to list goods. Those...

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Chrysler assets bidding approved by Judge

May 6, 2009
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A U.S. bankruptcy judge approved bidding procedures for the rapid sale of most of Chrysler’s assets, over objections from a group of lenders who called the accelerated timetable an “absurdity”. Judge Arthur Gonzalez, who is overseeing Chrysler’s bankruptcy case in Manhattan, said late on Tuesday, the proposed procedures were “appropriate and necessary” given that...

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Chrysler deadline ends today

April 30, 2009
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Chrysler rushed to clinch deals with Fiat and a fractious group of lenders on Wednesday in a last-ditch effort to avoid bankruptcy ahead of a government-imposed April 30 restructuring deadline. According to a report in the Wall Street Journal citing people familiar with the matter, those efforts hit a major roadblock late in the...

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