Salt Lake-based online closeout retailer Overstock.com Inc. has launched its own online auction community.
Called "Ocean," the auction involves buyers and sellers connected through their personal and business networks at www.Overstock.com.
President Patrick Byrne said www.Overstock.com believes it will challenge eBay through lower seller fees and discounts on volume listings, a simpler and "more intuitive" Web site and "the philosophy embodied in our community is deeper than simple positive/negative feedback."
Consumer confidence
A better hiring outlook and lower gas prices pushed a measure of U.S. consumer confidence to its highest level in four and a half years.
poorer people charitable
A 2009 study showed the poor give a higher percentage of their income to charity than rich people.
summer tax cut vote
The House will vote this summer on continuing wide-ranging tax cuts first enacted under President Bush.
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