| eBay beats expectations, raises outlook
SAN FRANCISCO - Online auction leader eBay today reported quarterly results that beat Wall Street expectations and said its outlook for the rest of the year would be at the high end of analysts' predictions. Shares of eBay jumped as much as 6 per cent after the company posted a 52 per cent jump in net profit on a 27 per cent revenue rise, led by growth in its core auctions business and the rising prominence of international sales. "I would say it was a very strong quarter across the board," Chief Executive Meg Whitman said in an interview. "We at the top end of analysts' predictions, which ranged from US$1.27 ($1.72) to US$1.34, based on Reuters Estimates data. "Overall it was a good report card," said Martin Pyykkonen, an analyst with Global Crown Capital.
Swettenham's First Class National Draft
With the Sydney Easter sales now behind us, the Swettenham Stud sales focus turns to the Gold Coast where a draft of 57 horses is being prepared for auction. The Magic Millions National Sale, regarded as one of the finest thoroughbred auctions in the Southern Hemisphere, will kick away with the first weanling session on May 28. Swettenham Stud are presenting a quality packed draft of weanlings, yearlings, race fillies and broodmares. Twenty two weanlings will be presented under the Swettenham Stud banner for the National Weanling Sale. Among them are colts by Cape Cross, Dubai Destination, Elusive Quality, Exceed and Excel, Fastnet Rock, Iglesia, Reset, Shamardal, Tiger Hill and Untouchable and fillies by Cape Cross, Dubai Destination, Fantastic Light, Iglesia, Red Ransom, Refuse to Bend, Tale of the Cat, Tiger Hill Some 25 fillies and mares have been catalogued for the National Broodmare Sale.
Secret Garden for Humane Society
The Guelph Humane Society is ringing in summer with it's 8th annual Secret Garden Silent/Live Auction and Tea at the Italian Canadian Club of Guelph on Sunday, April 29. It starts at 12:30 p.m. at the club, 135 Ferguson St., with bidding beginning on items in the silent auction. Bidding ends at 2:45 p.m. when guests will be invited to enjoy afternoon tea while the bids are tallied.The live auction begins at 3 p.m. The main item in the auction is a group tour of five exclusive Guelph gardens. The winner and friends will be driven to each location in a limousine, said a news release, and have refreshments at a beautiful pool house en route. Guests will learn all about pet friendly gardens when guest speaker Denis Flanagan of HGTV's One Garden Two Looks and The Indoor Gardener makes a presentation at 3:15 p.m.
Wells shutting down race team after seven years
Unable to compete in the current climate that is Nextel Cup racing, Cal Wells III has apparently decided to liquidate his operation. Sentman Auctions of Indiana, which specializes in racing auctions, will be auctioning off the assets of the No. 32 team beginning Wednesday at the shop in Hickory, N.C. The machine shop equipment is scheduled to placed up for bid on the first day, to be followed by the fabrication shop items on Thursday and then main race shop and office equipment. Also on the block: a 2001 American Eagle motorcoach and fifth-wheel trailer. "Theres everything here from nuts to bolts to race cars to trailers," said Charlie Sentman, a former racer who has been auctioning off racing equipment for over 45 years. "Theres a real nice motorhome. "If you dont have a complete race team, you can complete it here, I guarantee you." The auction flyer lists eight complete cars -- one superspeedway, four intermediate and three short-track versions -- plus a pair of show cars and a pit practice car.
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