Consumer Confidential: Nissan recall, home sales, satellite radio
Here's your tardy-Tuesday roundup of consumer news from around the Web:
-- Now it's Nissan's turn. The automaker is recalling nearly 135,000 Infiniti G35 sedans and coupes because of a possibility that air bags won't deploy in a crash. No injuries related to the problem have been reported. Nissan says Infiniti owners who see the red air bag light come on should get to a dealer pronto. Otherwise, proper recall notices will be mailed out next month.
-- Some more good news on the housing front: Pending sales of previously owned homes hit a five-month high in March, thanks mostly to buyers scrambling to take advantage of an $8,000 home credit. Even though the credit is no longer available, economists say the surge in pending sales indicates that demand for homes is healthy and the economy is continuing its long slog toward recovery.
-- I don't plug a lot of products, but this is one I recommend to anyone who lives in a traffic-heavy area: satellite radio. I have it in my car, and it's a sanity-saving service, especially when I'm stuck on the freeway going nowhere. So I'm glad to say that Sirius XM Radio has swung to a quarterly profit as more people sign up for mostly commercial-free tunes and talk. "Continued positive subscriber growth, double-digit growth in revenue and a sharp focus on costs resulted in the highest quarterly adjusted operating income in the company's history," said Chief Executive Mel Karmazin. Now maybe they could expand the playlist on the '80s channel.
-- David Lazarus