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Chevy hikes price of 2014 Corvette

Journalists surround General Motors new 2014 Chevrolet Corvette Stingray, Sunday, Jan. 13, 2013, the night before press days at the North American International Auto Show in Detroit.(Photo: Paul Sancya AP)Story HighlightsChevrolet has priced the new Corvette StingrayIt's the all-new version of the car that has won hearts since the 1950sThe body is lighter but it has more power under the hoodOne of the year's most important new cars just got a price: The 2014 Corvette Stingray will start at $51,995, including $995 in delivery charges, Chevy says.That's a $1,400 bump from the $50,495 base price of the current Corvette, also including destination charges. Considering how the model raised pulses as the star of this year's North American International Auto Show, that price is coming in at level that would be considered affordable in the segment. General Motors officials certainly sound proud of it. "The Corvette Stingray delivers a combination of performance, design and technology that very few manufacturers can match, and none can even come close for $52,000," says Chris Perry, vice president, Chevrolet marketing.Chevrolet has been anxious to try to rebuild sales -- not mention excitement -- about one of its most famous models. Corvette chief engineer Tadge Juechter said in January that with the new model, "we expect to get back to normal volumes of 30,000" annually. That'll be a big jump. Last year, Corvette sales were just 14,132, up 7.4% from 2011's 13,164, according to Autodata. For their money, buyers of the new 'Vette will get a hot little two-seater with a giant 6.2-liter LT1 V-8 engine coupled to a seven-speed automatic transmission. The car has an aluminum frame that makes it 99 pounds lighter and 57% stiffer than the outgoing version, Chevy says.Of course, the starting price may get lookers in the door, but they are…
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Tightrope: Set goals any way that works for you

Measure your progress to achieve your goals.(Photo: Ginger Wall, USA TODAY)Story HighlightsYou can shout from the rooftops or keep quiet about your goalsJust make sure to measure your progressAnd be prepared to adjust your methods if necessaryQ: I will be graduating from college this year and my roommate and I are planning to start a business. We have several ideas. My question is about setting goals. I have always fallen short when it comes to setting goals. When I set a goal I want to shout it from the rooftop and let everyone know. But, I recall you saying that goals should be kept quiet until they are reached. I want to do well in business and I don't want to be sidelined by not reaching goals both large and small. Should I keep my objectives between my roommate, and me or is it OK to share goals and ideas and plans with others?A: There is no formula. We all have to reach our objectives in the way that works for us.My friend Lisa never learned to swim. So, for her 50th birthday she decided to take up swimming, and her goal is to dive off of a diving board into the pool. She is telling everyone. She has sent e-mails, text messages, phone calls and even handwritten notes to family and friends to let them know of her plans.When I asked her why she was telling everyone, she said that is the only way she will keep up her courage. She said telling everyone will force her to reach the goal instead of embarrassing herself by backing out. She admitted that some had negative things to say, but their comments were overshadowed by the positive comments and good advice and suggestions she has gotten from others.On the other hand,…
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Go Green! Sports stadiums save energy

Sport stadiums around the country strive to go environmentally green. Wind turbines are seen atop Lincoln Financial Field during the NFL game between the Washington Redskins and the Philadelphia Eagles on December 23, 2012, in Philadelphia.(Photo: Brian Garfinkel)Story HighlightsHome of the Philadelphia Eagles has 11,000 solar panelsOf 126 pro teams in the five major sports, 38 use renewable energyHome of the Minnesota Twins uses rainwater to wash down seating areaYou could view a National Football League stadium as a hulk of concrete and steel, where video boards and bright lights eat up electricity, refrigeration is needed to keep the beer cold, halftimes are flush-fests and cars idle before and after games.On this celebration of Earth Day, hold the carbon-emitting negativity.Since January, 11,000 solar panels and 14 wind turbines have been generating power at Lincoln Financial Field, home of the Philadelphia Eagles. The team's 10-year-old "Go Green" campaign also includes reduced water and electrical use, recycled paper products for all tissues, conversion of cooking oil into biodiesel fuel, a digital version of the cheerleaders calendar to spare trees and compostable packaging for the hot dogs and Philly cheese steaks.Signs in the men's rooms at Lincoln Financial: "Recycle your beer here and your plastics outside." Among other signs at the stadium: "The only water we waste is sweat."It's environmental stewardship with a touch of salesmanship."We try not to preach, but we definitely want to promote and encourage," says Don Smolenski, president of the Eagles.GREEN TECH: NASCAR's sound and fumes can mask green initiatives[1]The Eagles are not alone. CenturyLink Field, home of the Seattle Seahawks (NFL) and Seattle Sounders (Major League Soccer), has 3,750 solar panels (2.5 acres) on the roof of an adjacent events center. Target Field, home of baseball's Minnesota Twins, collects rainwater for use in washing down the seating area.…
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Peltz discloses stakes in PepsiCo, Mondelez

Nelson Peltz. File photo.(Photo: KEITH SRAKOCIC, AP)Story HighlightsInvestor Nelson Peltz has taken stakes in PepsiCo and MondelezMondelez, formerly part of Kraft, brands include Oreo, Ritz, CadburyPepsiCo and Mondelez are underperformingNEW YORK (AP) — Billionaire investor Nelson Peltz has disclosed stakes in food manufacturer Mondelez and in PepsiCo, following earlier reports that he could be pushing for a marriage between the sweet and salty snack giants.In a filing with the Securities and Exchange Commission Friday, Trian said it held a $494.2 million stake in Mondelez and a $269.1 million stake in PepsiCo as of Dec. 31.Peltz's disclosures come at a sensitive time for the two U.S. food and drink makers. Mondelez, which makes Oreo cookies, Ritz crackers and Cadbury chocolates, has stumbled in its first quarters as an independent company after splitting from Kraft Foods.PepsiCo, which makes Frito-Lay, Tropicana and Quaker Oats, is reviewing restructuring options for its underperforming North American beverage business, including a possible spinoff. If that were to happen, analysts have speculated that PepsiCo would want to buy another snack food maker to remain as big as it is today.In a statement early Friday, PepsiCo disclosed that it has held meetings with Peltz's Trian Fund Management in recent weeks to consider its "ideas and initiatives" for long-term growth. A spokesman for Mondelez said the company doesn't comment on contact with specific shareholders.A representative for Trian declined to comment.It could be that Peltz has no intention to agitate for a merger. But the New York native is known for building stakes in companies, then forcing change.In 2008, for example, he led a group of investors in pressuring Cadbury Schweppes to split its candy and its weaker beverage business, which later became Dr Pepper Snapple Group.Meanwhile, Mondelez International and PepsiCo have each undergone radical restructuring in recent years and are…
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Should investors sell in May and go away?

Ask Matt: Should investors sell in May and go away?(Photo: Thinkstock)Story Highlights"Sell in May and go away" is a saw on Wall Street regarding market timingCashing out in May and staying out until October has been effectiveLong-term investors, though, have gotten better returns by sitting still and holdingUSA TODAY markets reporter Matt Krantz answers a different reader question every weekday. To submit a question, e-mail Matt at This email address is being protected from spambots. You need JavaScript enabled to view it..Q: Should investors sell in May and go away?A : Investors sitting on big stock gains this year are probably already eagerly waiting for May 1 to arrive. And for good reason."Sell in May and go away" is an old saw on Wall Street, which states that investors are best off getting out of the market May 1 and staying out until the end of October. This old adage, for whatever reason, is widely followed in part because it does seem to work, including in recent years. TRACK YOUR STOCKS: Get real-time quotes with our free Portfolio Tracker[1]Since 1950, the bulk of the market's gains have occurred between November and April. In fact, the average annual gain by the Dow Jones industrial average between Nov. 1 and April 30 is 7.5%, versus the paltry 0.3% gain between May 1 and Oct. 31, says Stock Trader's Almanac. Even better, investors who got out of the market between May and October have avoided some of the uglier periods for stocks. The Dow fell by 10% or more 11 times between May and October since 1950, but only three times between November and April.But for investors with the fortitude to hang on, sitting pat is perhaps even better than going away in May. Investors who bought stock on May 1 and held on, reinvesting dividends, had a return of 11.1% a year on average, topping the…
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Beer Man: Coors' Batch 19 is a tasty lager

Batch 19 Pre-Prohibition Style Lager brewed by Coors Brewing Co., of Golden, Colo., is 5.5 percent ABV.(Photo: Coors Brewing Co.)Story HighlightsBatch 19 is said to be based on a recipe found in the Coors Brewing archives5.5% ABV lager is made in 'pre-Prohibition' styleMalt flavor leaned toward caramel, while hop flavor was citrusy and sharpBeer Man is a weekly profile of beers from across the country and around the world.This week: Batch 19 Pre-Prohibition Style LagerCoors Brewing Co., Golden, Colo.batch19.com[1]Brewers were among the many German immigrants who arrived in the United States in large numbers in the 1800s, bringing with them the knowledge of crispy beers made from bottom-fermenting lager yeast, as opposed to the more common top-fermenting ale yeast.Quickly displacing ales, these lagers were a far cry from the watery substances now consumed by most American beer drinkers, which, instead of being made mostly with barley, now can contain nearly 50% corn or rice.World War I, Prohibition, the Great Depression, Dust Bowl and World War II all had impacts on grain harvests that led to this bastardization of our beer. Corn, and later rice, were used more and more often simply because adequate barley supplies didn't exist or were too expensive. As the years went by, unfortunately, the average American became used to the lower amount of barley, to the point where 100% barley beers now taste weird to them. I refer to them as the Lost Beer Generation — actually, several generations.Essentially, any beer purporting to be a "pre-Prohibition lager" is simply what a current traditional German lager still is. Batch 19[2] is supposedly based on a recipe found in the Coors brewing archives. The 5.5% ABV beer had a vibrant golden color and nice head, with tight bubbles that spiraled nicely upwards through the V-shaped pilsner glass it…
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