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Charles Schwab & Co., Inc.
Internet Daily for Thursday, May 31, 2001 by Frank Barnako CBS MarketWatch.com ----------------------------------------------------------------- Prime Olympics seats up for auction The Salt Lake Organizing Committee is selling tickets to the 2002 Winter Olympics through an online auction that's raising far more than the face value of the seats. The committee said it raised $113,702, seven times the face value of the tickets, from its first group of eBay auctions. One pair of front-row seats for men's figure skating sold for $11,100. The face value for the two was $750. Three sets of women's skating tickets, also with a face value of $750 per pair, went for $10,100 each. "Our original plan was likely to take a break after the first 100 tickets and to continue in the fall," SLOC Chief Operating Officer Fraser Bullock told the Associated Press. "Given the response we've received, we will continue to add events and will continue this auction for the foreseeable future ... to the extent we have front-row, best seats in the house still available." ----------------------------------------------------------------- Consumers Union to study Web credibility The publisher of Consumer Reports magazine said Walt Disney Co.'s ABCNews.com veteran Beau Brendler will head up an effort to set up credibility standards for the Web. The Consumers Union's Web Credibility Project will evaluate the information on Web sites and report what it finds. "This project has enormously ambitious goals," Brendler said in a statement, "and now more than ever, with Web ventures shutting down every week, consumers need to know that the sites they are relying on for news, vital information and business transactions aren't hiding anything and are doing their jobs in an honest, credible way." Consumers Union said the project grew out of a 1998 conference at which print and new media journalists agreed there was a need to create effective standards to measure editorial quality and the separation between editorial and advertising content on the Web. ----------------------------------------------------------------- Office Depot buys Officesupplies.com Office Depot said Thursday it bought online retailer Officesupplies.com. Bruce Nelson, Office Depot's CEO, said in a statement, "This business combination allows us to increase our market position and leverage our existing infrastructure. We have high praise for the officesupplies.com management team and are pleased that they have agreed to join us during the transition period." Nelson said the company is also considering other acquisitions. Office Depot said Officesupplies.com's Web site will remain up for 90 days and current customers will be offered the chance to move their accounts to Office Depot's Web site. Financial terms of the transaction were not disclosed. Editor's Note: Neil Chase, a managing editor for CBS MarketWatch.com, is filling in for Frank Barnako. ----------------------------------------------------------------- For late-breaking market news you can't afford to miss, go to http://CBS.MarketWatch.com/ ################################################################# Log in using the links below to: Access your account: https://investing.schwab.com/trading/start?SANC=CCBodyi&NeedCASelValue=Y View your Email Alert customization options: https://investing.schwab.com/trading/start?SANC=EAMyAlerts Perform research or request a market quote: https://investing.schwab.com/trading/start?SANC=Quotes Place a trade order: https://investing.schwab.com/trading/start?SANC=TradeStock To visit Schwab's home page, use this link: http://www.schwab.com/ ----------------------------------------------------------------- To unsubscribe or modify your Email Alert customization options, log in using the link below or copy and paste it into your browser's address window: https://investing.schwab.com/trading/start?SANC=EAMyAlerts Now you can receive graphics Email Alerts in HTML format, using helpful, full-color graphics and active Web links that connect you directly to information you want. Use the link below to log in and change your email format preference: https://investing.schwab.com/trading/start?SANC=EAEditEmailAddr ---------------------------------------------------------------- Notice: All email sent to or from the Charles Schwab corporate email system may be retained, monitored and/or reviewed by Schwab personnel. (1000-8752) Copyright 2001 CBS MarketWatch. All rights reserved. Commercial use or redistribution in any form, printed or electronic, is prohibited. Distribution by Quris, Inc.
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