Articles by Benjamin Reeves
- Euro Zone Inflation Falls More Than Expected In May
May 31 2012 10:35 AM
Euro zone annual inflation is expected to be 2.4 percent in May, down from 2.6 percent in April, a report from the European Union's Eurostat statistics office said Thursday.
- Why Spirit Is The Worst Airline In America, Or My Terrible, Horrible, No Good, Very Bad Flight
May 30 2012 2:17 PM
I will never, ever, ever fly on Spirit Airlines (Nasdaq: SAVE) again. In the past 24 hours, I have experienced the worst flying experience of my life. Over the course of almost seven hours of absolutely unacceptable delays, I was lied to, witnessed mothers struggling to care for their children, saw elderly people lose access to their medication.
- No Massive China Economic Stimulus, Xinhua Says, Markets Slip
May 30 2012 10:53 AM
China will not see any major government stimulus in the near future, a report published by the state-run media agency Xinhua said Wednesday, news which sent tremors through Chinese stock markets.
- Fiat Industrial, CNH To Merge
May 30 2012 9:58 AM
Fiat Industrial S.p.A. (Milan, FI), a 2010 spin-off of Fiat S.p.A. that makes trucks and tractors, plans to merge with CNH Global NV (NYSE: CNH), the producer of Case and New Holland brand tractors, the company announced Wednesday.
- Texas Manufacturing Strong In May: Dallas Fed
May 29 2012 11:46 AM
Texas manufacturing grew in May while the state's production index was steady, indicating sustained growth from the month before, although the outlook is poor, the Federal Reserve Bank of Dallas said Tuesday.
- US Consumer Confidence Slumped in May: Report
May 29 2012 11:14 AM
U.S. consumer confidence dropped in May for the second consecutive month, and the expectations index likewise fell, suggesting that economic growth is slowing, the Conference Board said Tuesday.
- Chinese BYD Shares Bungee After Fatal Electric Car Crash
May 29 2012 10:22 AM
Shares of Chinese electric carmaker BYD Company Ltd. (Hong Kong: 1211), which is partially owned by Warren Buffett, recovered some of the losses suffered after one of its e6 electric cars caught fire in a crash which killed three people in southern China.
- The Fine Art Of Disruption: How Lorenzo Thione Evolved From 'Bing' To 'Artify It'
May 26 2012 12:02 PM
Lorenzo Thione believes in fate and approaches the world with a somewhat self-confident naivete. This outward optimism comes across most clearly when he talks about his new business: He wants to be an artist among the artists, unchaining fine art from wealthy collectors and setting it free among the hoi polloi.
- Investors Love Rio: Why Foreign Companies Are Buying Into Brazil's Real Economy
May 25 2012 5:28 PM
Investing in Brazil's booming economy has turned another page as foreign companies, especially Japanese firms, move from putting money into the nation's financial industry to putting it into the real economy of South America's largest nation.
- Toyota To Add 8 New Cars For 'Driving To A Picnic' In Emerging Markets
May 25 2012 5:25 PM
The Toyota Motor Corp. (NYSE: TM) wants to make itself king of the hill once more and reclaim the No. 1 global sales position from the General Motors Co. (NYSE: GM) by adding eight compact cars for emerging markets, Reuters said Friday.
- Airbus Won't Increase A320 Production in Near Future, Supply Chain to Blame
May 25 2012 10:48 AM
Airbus will probably not increase production of its narrowbody A320 airplane in the near future due to supply chain limitations, Aviation Week reported Friday.
- Is Germany Next? Investors Flee Madrid's CDS For Berlin
May 24 2012 4:37 PM
Investors are increasingly making a flight to quality as they pull out of credit-default swaps hedges on Europe's primary index as well as the markets for periphery nations like Spain, a trend which indicates higher expectations that periphery nations are unable to repay their debts and a lack of confidence in the political will of the economic union.
- Manufacturing In Central Western States Rebound In May
May 24 2012 12:42 PM
The Federal Reserve Bank of Kansas City said Thursday that manufacturing growth in the Midwest and part of the Rocky Mountain region rebounded in May and that firms were more optimistic than in previous months.
- UK Falls Into Double-Dip Recession: Report
May 24 2012 12:24 PM
The U.K. economy fell into a double-dip recession in the first quarter when GDP shrank 0.3 percent and contracted for the first time since 2009 on an annual basis, according to by the government's Office for National Statistics.
- EU Court Rejects MasterCard Claim That Fees Benefit Cardholders
May 24 2012 11:00 AM
MasterCard Inc. (NYSE: MA) said Thursday it will appeal a decision by Europe's second-highest court rejecting the credit card company's argument against an EU ban on cross-border card fees, Reuters reported.
- Spanish Bond Yields Up, PM Rajoy Urges ECB To Buy
May 24 2012 9:37 AM
Spanish bond yields hovered above the 6 percent mark Thursday, prompting Spain's prime minister to urge the European Central Bank to buy Spain's bonds as it did in August 2011, according to a report by Bloomberg News.
- Strong May Car Sales Drive US GDP Growth: Kelley Blue Book
May 23 2012 1:53 PM
U.S. auto sales will likely reach a 14.2 million seasonally adjusted annual sales rate in May 2012, the greatest year-over-year gain in more than 12 months, as consumers take advantage of credit and low interest rates to replace aging cars. Moreover, increasing car sales are now a primary driver of U.S. GDP growth, according to a Wednesday report by Kelley Blue Book.
- Mazda and Fiat Developing New MX-5 Miata Sport Roadster
May 23 2012 1:00 PM
Mazda Motor Corporation (Tokyo: 7261) and Fiat Group Automobiles S.p.A. (ETR: FIAT) will jointly develop and manufacture a new rear-wheel-drive, roadster sports car based on the next-generation Mazda MX-5 Miata for the Mazda and Alfa Romeo brands, the companies announced Wednesday.
- Another Sign Of Motor City Comeback - Ford Upgraded By Moody's
May 23 2012 9:23 AM
Ford Motor Company (NYSE: F) shares climbed almost 2 percent in mid-day trading Wednesday, a day after Moody's Investors Service upgraded the Dearborn, Mich.-based automaker's credit rating to investment grade.
- Tesla Motors (TSLA) Shares Up As Model S Shipment Date Nears
May 22 2012 5:12 PM
Tesla Motors Inc. (Nasdaq: TSLA) shares got a big boost Tuesday following the announcement that the new Tesla Model S will begin shipping on June 22, ahead of schedule.