Benjamin Reeves

  • Bad Karma: NHTSA Safety Probe Into Fisker Electric Car Fire PossibleBad Karma: NHTSA Safety Probe Into Fisker Electric Car Fire Possible

    May 11 2012 1:56 PM

    Fisker Automotive has been struggling recently, and reports that one of its post-recall Fisker Karma cars lit up a suburban Houston garage like a match in a fireworks factory are not helping the image of the company, and unlike the grinning Aventador guy, it seems doubtful that the owner of the crisped Karma has anything to smile about since his $103,000 car set fire to his Acura NSX and Mercedes-Benz SUV as well.

  • Consumer Sentiment Improves In May: Job Market May FollowConsumer Sentiment Improves In May: Job Market May Follow

    May 11 2012 11:05 AM

    Consumer sentiment crept up slightly in May to its highest level in four years as gasoline prices declined and many perceived the job market to be improving.

  • Qatar Sovereign Fund On Buying Spree: Royal Dutch Shell, Xstrata, Eni, TotalQatar Sovereign Fund On Buying Spree: Royal Dutch Shell, Xstrata, Eni, Total

    May 11 2012 9:54 AM

    The Qatar Investment Authority (QIA) is on an investment spree, bulking up its holdings in several major companies including Royal Dutch Shell Plc (NYSE: RDS.A), Eni SpA (NYSE: E), and Xstrata PLC (London: XTA), and the sovereign fund has already taken a holding Total SA (NYSE: TOT) and is pursuing avenues to invest in Glencore International Plc (London: GLEN), sources reported Friday.

  • Ford Recalls Even More Windstar Vans For Axle ProblemsFord Recalls Even More Windstar Vans For Axle Problems

    May 10 2012 4:35 PM

    Ford Motor announced its second recall of Windstar vans for axle problems in two days Thursday, bringing the number of Windstars recalled so far this month to 36,000.

  • Top 10 Mom Cars - Honda CRV Favorite For Moms In CarsTop 10 Mom Cars - Honda CRV Favorite For Moms In Cars

    May 10 2012 3:16 PM

    With Mother?s Day right around the corner, TrueCar.com released its list of the top 10 most popular cars for moms on Thursday, and the results of what moms in cars prefer aren?t exactly surprising. The data, which the car sales and pricing website collected over the course of 2011, shows that Honda and Nissan are the two companies with the greatest sway among mothers, with their CR-V and Altima models leading the way. Slightly unexpected, though, is that only one minivan, the Honda Ody...

  • Apple, Foxconn To Split Costs To Upgrade Factory Working ConditionsApple, Foxconn To Split Costs To Upgrade Factory Working Conditions

    May 10 2012 11:39 AM

    Apple Inc. (NASDAQ: AAPL) and its primary iPad and iPhone supplier, Foxconn Technology Company Ltd. (Taipei: 2354), will share the costs of improving labor conditions inChinese factories, Foxconn CEO Terry Gou said.

  • Falling Petroleum and Natural Gas Prices Push US Import Prices LowerFalling Petroleum and Natural Gas Prices Push US Import Prices Lower

    May 10 2012 10:13 AM

    The price of U.S. imports fell 0.5 percent in April, a decrease driven by lower declining natural gas prices, while the price of U.S. exports rose 0.4 percent, according to a Department of Labor report Thursday.

  • 2013 Cadillac XTS Will Come With Free iPad, Teaching Apps

    May 09 2012 5:06 PM

    Every new 2013 Cadillac XTS will come with an Apple Incorporated (NASDAQ: AAPL) iPad with a suite of customer education apps pre-loaded to teach new owners about the car's Cadillac User Experience (CUE), General Motors Company (NYSE: GM) announced on Wednesday.

  • Ford Recalls 27,000 Windstar Vans For Axle ProblemsFord Recalls 27,000 Windstar Vans For Axle Problems

    May 09 2012 3:20 PM

    Ford Motor Co. (NYSE: F) is recalling 27,000 model year 1998 to 2003 Windstar vans which suffer from a problem which can cause the rear axle of the vehicle to fracture, increasing the risk of crash, a notice from the National Highway Traffic Safety Administration (NHTSA) said Wednesday.

  • No 'Top Gear U.K'. 'Til 2013 Because 'Fat People Singing' on Simon Cowell's TV Show: Clarkson

    May 09 2012 12:47 PM

    There will be no new Top Gear until 2013 except for a Christmas special because of fat people singing and Simon Cowell, the show's controversial but beloved host Jeremy Clarkson confirmed on Twitter Wednesday.

  • Toyota Quarterly Earnings Up 500%, Shares Soar Despite Hard Fiscal 2012Toyota Quarterly Earnings Up 500%, Shares Soar Despite Hard Fiscal 2012

    May 09 2012 12:14 PM

    Toyota Motor Corporation (NYSE: TM) reported a 30 percent drop in income for its fiscal year ended March 31, but the company is nevertheless making headway down the road to recovery from last year's earthquake in Japan and floods in Thailand as income for January-March 2012 increased by a factor of five.

  • GlaxoSmithKline Launches Hostile Takeover Bid for Human Genome SciencesGlaxoSmithKline Launches Hostile Takeover Bid for Human Genome Sciences

    May 09 2012 11:17 AM

    GlaxoSmithKline Plc (NYSE: GSK) will begin a $2.6 billion hostile takeover bid for Human Genome Sciences (NASDAQ: HGSI), the company announced Wednesday.

  • US Freezes Assets Of Sinaloa Drug Cartel Kingpin's Sons

    May 08 2012 2:09 PM

    The U.S. Department of the Treasury froze the assets of four key operatives of the feared Mexican Sinaloa drug cartel, including two sons of drug kingpin Joaquin Chapo Guzman Loera, in the fifth such designation directed against the Sinaloa Cartel's leadership.

  • Carlos Slim's América Móvil Makes Bid for Dutch KPN Cellular CompanyCarlos Slim's América Móvil Makes Bid for Dutch KPN Cellular Company

    May 08 2012 11:43 AM

    Mexican business-tycoon Carlos Slim Helú's mobile telecommunications company América Móvil S.A.B. de C.V. (NYSE: AMX) made an unsolicited bid to raise its stake in Dutch mobile phone company Koninklijke KPN N.V. (Amsterdam: KPN) by $3.4 billion, KPN announced Tuesday.

  • Ebay to Open Bangalore, India Software Development CenterEbay to Open Bangalore, India Software Development Center

    May 08 2012 10:46 AM

    EBay Incorporated (NASDAQ: EBAY) will open a new software development center in Bangalore, India which will employ as many as 1,000 engineers to support its eBay Marketplaces and PayPal products, the company announced Tuesday.

  • Toyota RAV4 EV Impresses, But $50,000 Price Shocks

    May 07 2012 6:30 PM

    Toyota Motor Corporation (NYSE: TM) debuted the new 2012 RAV4 EV on Monday in Los Angeles at the 26th annual Electric Vehicle Symposium. The new electric RAV4 will have a range of approximately 100 miles with a charging time of roughly 6 hours, but the high price of $49,800 MSRP could leave some would-by buyers shocked.

  • Brake Failure: Chrysler 300 and Dodge Charger Cars Recalled

    May 07 2012 2:17 PM

    Chrysler Group LLC is recalling 119,072 2011 and 2012 model year Dodge Charger and Chrysler 300 cars because of potential antilock braking system failure caused by an overheated power distribution center.

  • Singapore's Temasek Investing $468M in US LNG VentureSingapore's Temasek Investing $468M in US LNG Venture

    May 07 2012 1:01 PM

    Temasek Holdings Pte. Ltd., the Singaporean sovereign-investment vehicle and RRJ Capital, a private equity fund run by former Temasek executive Richard Ong, will jointly invest about $468 million in Houston's Cheniere Energy Incorporated (Nyseamex: LNG), as Singapore pursues its goal of becoming an Asian hub for liquid natural gas (LNG).

  • Treasury Dept. to Sell $5 Billion of Insurance Giant AIGTreasury Dept. to Sell $5 Billion of Insurance Giant AIG

    May 07 2012 11:32 AM

    The U.S. Treasury Department will sell $5 billion in shares of American International Group Incorporated (NYSE: AIG) as it continues to divest its balance sheets of the bailed-out insurance company, which has agreed to purchase $2 billion of its own shares as part of the stock offering, the company announced Monday.

  • Renault-Nissan To Buy Majority Stake In Russian Lada Maker Avtovaz For $750MRenault-Nissan To Buy Majority Stake In Russian Lada Maker Avtovaz For $750M

    May 04 2012 5:37 PM

    The Renault-Nissan Alliance will buy an indirect majority stake in Russian car company OAO Avtovaz, maker of Lada brand cars, for $750 million, the automakers' alliance announced Friday.