| Former President George H. W. Bush hospitalized Nov 29th 2012, 16:40  HOUSTON (Reuters) - Former President George H. W. Bush is being treated at Methodist Hospital in Houston, hospital spokeswoman Stephanie Asin said Thursday. No other information was immediately available from the hospital, but Asin said she would provide more details later Thursday. A spokesman for Bush could not immediately be reached for comment. The Houston Chronicle reported Thursday that Bush, 88, has a chronic cough and that his condition is not life-threatening. He has been in the hospital for a week and is expected to be released this weekend, the newspaper reported. ...
|  | Fast-food workers in New York protest for higher wages Nov 29th 2012, 16:12 (Reuters) - Fast-food restaurant employees protested in New York City on Thursday, demanding higher pay and the right to form a union - the latest attempt by lower-wage workers in the United States to increase their compensation. The campaign, called "Fast Food Forward," seeks to roughly double hourly pay to $15 an hour and is being billed as the largest attempt to unionize U.S. fast-food workers. Leading the effort is New York Communities for Change, a group that has helped unionize low-wage carwash and grocery workers in New York. ... | | Chevy Volt tops Consumer Reports most-loved car survey again Nov 29th 2012, 15:54 (Reuters) - General Motors Co's Chevrolet Volt plug-in hybrid car topped Consumer Reports' annual owner-satisfaction survey for the second straight year. Ninety-two percent of Volt owners surveyed by the influential consumer magazine said they would definitely buy the Volt again, earning the electric car the top ranking. Last year, 93 percent of respondents said they would buy the car again. ... | | November auto sales up on storm recovery, pent-up demand Nov 29th 2012, 15:54  LOS ANGELES (Reuters) - Auto sales are expected to rebound robustly in November, potentially hitting their strongest pace in more than four years, as consumers in the Northeast returned to dealerships after superstorm Sandy hurt demand in late October. November sales were also boosted by pent-up demand for vehicles as consumers replaced their aging cars and trucks, analysts and executives said. ...
| | Inventories boost U.S. economic growth, but trend weak Nov 29th 2012, 15:29  WASHINGTON (Reuters) - The U.S. economy grew faster than initially thought in the third quarter as restocking by businesses provided a big boost, but consumer and business spending were revised lower in a sobering reminder of the recovery's underlying weakness. Gross domestic product expanded at a 2.7 percent annual rate, the Commerce Department said on Thursday, as export growth also helped to offset the weakest consumer spending and first drop in business investment in more than a year. ...
| | Pending home sales rise, beating expectations Nov 29th 2012, 15:10  WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes rose more than expected in October, a sign the housing market recovery advanced into the fourth quarter despite a mammoth storm and concerns over looming tax hikes. The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed in October, gained 5.2 percent to 104.8. Economists polled by Reuters had expected signed contracts, which usually become sales after a month or two, to rise 0.8 percent last month. ...
| | Weak start to November hits some big U.S. retailers Nov 29th 2012, 14:49  (Reuters) - Leading U.S. retailers said weak sales in early November, when people in the Northeast were cleaning up after superstorm Sandy, dragged down results for the month, despite brisk activity over the long Thanksgiving weekend. Target Corp and Macy's Inc, two of the biggest companies to report monthly sales on Thursday, missed analysts' expectations. Both said the weakness came at the beginning of November, not during the Thanksgiving weekend rush. ...
| | Goldman Sachs boosts rating on RIM, shares surge Nov 29th 2012, 13:29  TORONTO (Reuters) - Research In Motion received a big boost on Thursday after Goldman Sachs raised its rating on the company, sending shares of the BlackBerry maker soaring more than 12 percent in trading before the morning bell. The brokerage firm is the latest to join a growing chorus of analysts to turn more positive on RIM's prospects ahead of the launch of its make-or-break new line of devices that will vie against Apple's iPhone and Android-based smartphones. Goldman raised its rating on RIM to "buy" from "neutral," while also lifting its price target on RIM's shares to $16 from $9. ...
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