- The Development Bank of Japan has extended the first loan in this country that accepts rights to an auction website as collateral, bank officials said. A total of 200 million yen was loaned to real estate auction firm IDU Co., whose shares are traded on the Tokyo Stock Exchange's Mothers market for emerging companies. The firm set up at the web site to auction apartments owned by Dia Kensetsu, which is rehabilitating under the supervision of the industrial Revitalization Corp. of Japan IRCJ. IDU will use the money it has borrowed to develop new computer systems.
- Softbank Corp....