Penny-auction websites are buzzing with all kinds of deals on electronics, appliances, gift cards, and many other items. Encouraged by TV and Web ads promising as much as 95 percent off retail, ...

Florida has become the latest state to reach a settlement with the defunct penny auction website ArrowOutlet, which it accused of rigging auctions to get more money from customers. Florida residents ...

A coveted $500 iPad2 sells for $4.38, a $250 Marriott gift card goes for $26 and a $139 Kindle for just $5. Such bargains are the bait in a new and growing corner of online shopping known as penny ...

Penny Auctions are in the nickel-and-dime section of the internet-commerce department store. But they have loyal adherents, vocal critics and pretty much fly under any regulatory radar. In Part II of ...

They are a combination of bingo night, the Home Shopping Network and a slot machine addiction. For most players, the payoff isn't nearly as good as the promise -- and, for the site owners, it's not ...

Ads for the penny auction site QuiBids and Happy Bid Day make it look easy to get expensive items for just a few dollars. One for QuiBids says, "Imagine getting a new Apple iPad today for just $23.74.

The discounts offered on online penny-auction sites might be tempting, but a new Consumer Reports investigation reveals that for all the people who click their way to an amazing deal, most end up ...

If online shopping is your go-to mode for purchasing the items you want or need, then there’s a chance you’ve tried participating in the increasingly popular penny auctions, or at least heard of them.