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Shaw Group said yesterday that it had won the bidding for the assets of Stone & Webster Inc. in an auction proceeding held under Chapter 11 of the United States Bankruptcy Code.
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Despite the collapse of the Dutch government, this morning's Netherlands bond auction proceeded smoothly.
Mr. Painter said that he was politely ushered to the side of the room and that the auction proceeded.
Merrill Lynch was back in court on Wednesday asking the Federal Bankruptcy Court in New York to let the auction proceed.
As the auction proceeded, Waypoint's bidder at the courthouse remained on the phone with Mr. Maehler in the company's Irvine office about 50 miles away.
One auction proceeded as given; at the other table West cue-bid three hearts on the second round, asking his partner to bid three no-trump with a heart stopper.
9.59am: So, it looks like Holland 1, Spain 0 in the battle of the bond sales - after the Dutch auction proceeded smoothly, but Spain saw its borrowing costs nearly double.
B1 Roosevelt Auction Proceeding A collection of Franklin and Eleanor Roosevelt memorabilia will be sold at Christie's next week, despite pleas from Park Service officials, historians and some family members.
In an unprecedented move, the auction proceeds were split by the United States Mint and a London coin dealer, Stephen Fenton, who had won that right in court after having been arrested by Secret Service agents for trying to sell the coin in the Waldorf-Astoria Hotel in Manhattan in 1996.
An ABC spokeswoman said an undisclosed portion of the auction proceeds would go to charities in Hawaii, where the series was taped.
The F.C.C. will issue proposed rules for what it calls incentive auctions — the sale of airwaves that are voluntarily given up by broadcasters in exchange for a portion of the auction proceeds.
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