Benjamin Reeves

  • French Carmaker Peugeot-Citroen Likely To Default: CDS RatesFrench Carmaker Peugeot-Citroen Likely To Default: CDS Rates

    July 16 2012 2:17 PM

    The credit default swaps (CDS) market is pricing in a probable default by PSA Peugeot-Citroen (Paris: UG) as the company struggles with the French government to shed 14,000 jobs and close a plant to cut costs and ensure the survival of the troubled European automaker.

  • Will This Student Loan Repayment Program Save A Large Slice Of Rural America?

    July 14 2012 11:01 PM

    Student-loan debt levels are rapidly rising and recently topped $1 trillion in the U.S.. And communities in Kansas and New York are using the bait of paying off this debt to lure educated residents who they hope will help improve the economic, cultural, and social conditions of their respective regions.

  • As Apple Faces New US Discrimination Accusations, Iran Tries To CapitalizeAs Apple Faces New US Discrimination Accusations, Iran Tries To Capitalize

    July 13 2012 6:20 AM

    Reported incidents of discrimination by Apple Store employees against people of Iranian descent are increasing, raising the likelihood that what appeared to be a few cases of prejudice may turn into a legal and diplomatic scandal. Further, the company's virtual non-response to the reports exposes it to being played by Tehran, which has already become involved.

  • Opel-Vauxhall ADAM Looks Both Great and Gimmicky [PHOTOS]

    July 11 2012 4:26 PM

    General Motors Company's (NYSE: GM) dual European brands, Opel and Vauxhall, released Wednesday the first teases of the new ADAM city car, which seems to have been designed to compete directly with the popular Fiat 500 and BMW's Mini.

  • Chicago Gangster Al Capone's Armored V8 Cadillac At Auction

    July 11 2012 12:17 PM

    Al Capone's iconic bulletproof V8 Cadillac will be put on the auction block by RM Auctions in Plymouth, Mich. On July 28, in advance of the Concours d'Elegance of America, the famous gangster's green Caddy is expected to fetch upwards of $500,000, if recent history is taken as a guide.

  • $31 Million Ferrari 250 GTO Crashed By Christopher Cox In France

    July 10 2012 7:14 PM

    American businessman Christopher Cox banged up a $31 million 1962 Ferrari 250 GTO in an accident near Le Mans, France, that left his wife with a broken leg, reports said Tuesday.

  • Tiger Traps And Weird Signs: The Pain Of Parking In New YorkTiger Traps And Weird Signs: The Pain Of Parking In New York

    July 10 2012 4:33 PM

    It's common knowledge that parking in New York is a miserable experience. Finding spots can be frustrating, parking is expensive, street-side parking notices are inscrutable and you have to move your car often.

  • Tiger Traps And Weird Signs: The Pain Of Parking In New YorkTiger Traps And Weird Signs: The Pain Of Parking In New York

    July 10 2012 4:33 PM

    It's common knowledge that parking in New York is a miserable experience. Finding spots can be frustrating, parking is expensive, street-side parking notices are inscrutable and you have to move your car often.

  • The Wall Street Journal Failed Its Readers on Apple-Iranian Discrimination ScandalThe Wall Street Journal Failed Its Readers on Apple-Iranian Discrimination Scandal

    July 09 2012 1:57 PM

    The Wall Street Journal (Nasdaq: NWSA) and AOL Inc.'s (NYSE:AOL) Huffington Post spar over the facts surrounding recent allegations that Apple Inc. (Nasdaq: AAPL) employees have denied sale of iPads to Farsi speakers.

  • BMW Makes Big Investment in UK Mini Production

    July 09 2012 9:50 AM

    BMW AG (Frankfurt: BMW) will increase Mini production in a big way with a £250 million ($387 million) investment over three years in UK manufacturing, the BBC reported Monday.

  • Strong June Pickup Truck Sales Indicate More US Housing Starts

    July 06 2012 11:21 AM

    All major automakers posted big gains in pickup truck sales in June, usually a slow month for pickup truck sales, as contractors replaced old trucks because of a rebound in construction and new home starts.

  • 2012 Porsche Cayenne S Review: A Suburbanite?s Dream From Germany?s Best, But Dissatisfaction Persists2012 Porsche Cayenne S Review: A Suburbanite?s Dream From Germany?s Best, But Dissatisfaction Persists

    July 06 2012 9:05 AM

    The 2012 Porsche Cayenne S may be the perfect small SUV for America's stereotypical suburbanite. This is not meant as a slur - in many regards the Porsche Cayenne S stands out. It can be fun to drive, is exceedingly comfortable, looks great and offers a ruggedness and utilitarianism not necessarily available from most German sports cars. However, the Cayenne's attempts to check every box also lead to its downfall in some key areas; the Porsche Cayenne S is the perfect car for a very specif...

  • Porsche and Volkswagen Finally Complete Merger, Will Pay ?100M in TaxesPorsche and Volkswagen Finally Complete Merger, Will Pay ?100M in Taxes

    July 05 2012 12:07 PM

    Volkswagen AG (Frankfurt: VOW) will complete its long-sought purchase of Porsche Automobil Holding SE (Frankfurt: PAH3), following years of on-again, off-again courtship between the two companies.

  • Tesla Will Provide Drivetrain, Batteries for Electric Mercedes-Benz B-Class Car

    July 05 2012 11:54 AM

    Tesla Motors Inc. (Nasdaq: TSLA) will provide drivetrain, batter and electric motor technology for an electric vehicle (EV) version of the Mercedes-Benz B-class beginning in 2014, according to Auto Week.

  • June US Car Sales Rev-Up On Contractor Demand For Trucks And SUVsJune US Car Sales Rev-Up On Contractor Demand For Trucks And SUVs

    July 03 2012 5:04 PM

    U.S. car sales revved up again in June after lackluster May sales numbers as consumers continued to flock to dealer lots to replace aging vehicles and buy new trucks and crossover SUVs.

  • Subaru June US Sales Surged 40 Percent

    July 03 2012 4:05 PM

    Subaru, the automotive manufacturing arm of Japanese industrial company Fuji Heavy Industries Ltd. (Tokyo: 7270), reported June U.S. car sales rose 40 percent over the year before.

  • Nissan US Car Sales Soar In JuneNissan US Car Sales Soar In June

    July 03 2012 3:10 PM

    Nissan Motor Co. (Tokyo: 7201) June U.S. car sales rose 28.2 percent on gains for almost every model in the Nissan lineup.

  • Honda June U.S. Sales Skyrocket

    July 03 2012 2:12 PM

    Honda Motor Co.(NYSE: HMC) reported June U.S. auto sales rose 48 percent, the company's best June since 2008, with strong sales gains for both Honda and Acura brand vehicles.

  • June US Car Sales: Recovery Continues As GM, Ford, Chrysler And Toyota Report Massive GainsJune US Car Sales: Recovery Continues As GM, Ford, Chrysler And Toyota Report Massive Gains

    July 03 2012 1:23 PM

    June U.S. car sales rose across the board, surging above the 14 million unit seasonally adjusted annual rate (SAAR) of sales after a lackluster May, indicating a continued recovery for the industry that will likely carry through the second half.

  • Volkswagen June U.S. Car Sales Highest Since 1973Volkswagen June U.S. Car Sales Highest Since 1973

    July 03 2012 12:37 PM

    Volkswagen AG (Frankfurt: VOW) June U.S. sales rose 34.2 percent and the company reported its best June and first half since its heyday with the VW Bus in 1973.