Starwatch Consumer

New Corvette Stingray comes with $52,000 sticker price

Updated: 2013-04-26T21:24:37Z

New Corvette

General Motors said a base model of the 2014 Corvette Stingray will start at just under $52,000. Considering everything that GM put into the newest Corvette, the $1,400 price increase from the current model seems pretty modest.

The made-over 2014 Corvette will go on sale this summer. It shares only two parts with the current model, which is 9 years old. The hood is made of lightweight carbon fiber. The interior gets a more modern look with new touch screens. Under the hood, the car gets a new 450-horsepower, 6.2-liter V-8 engine that can go to four cylinders on the highway to save fuel.

Disney redo

Disney Cruise Line’s oldest ship, the Magic, is getting a makeover, including the addition of a children’s area themed to Marvel Comics superheroes and a three-story water slide.

The Magic launched in 1998.

Other updates when the ship goes into drydock in Spain for a month this fall include updating audio technology and lighting and retheming decor, motifs and layout in cabins, dining rooms, play spaces and adult areas such as bars and clubs.

Quintiles IPO

Quintiles Transnational Holdings Inc., the biggest provider of testing services to drugmakers, filed to raise about $790 million in a U.S. initial public offering.

The Durham, N.C., company has major operations in the Kansas City area and plans to list on the New York Stock Exchange under the symbol Q.

Focus on fees

Americans are allocating a smaller share of their spending to investment-related fees since the recession, a sign they are still wary of returning to financial markets even as stocks trade near record highs.

Spending on expenses, including securities commissions, investment advice and custodial services, totaled $150.8 billion in February at a seasonally-adjusted annual rate, Commerce Department data show. That accounted for 1.3 percent of total personal consumption, matching the average since the 18-month recession ended in June 2009, compared with 1.6 percent in the 12 months before the downturn started.

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