U.S. economy grows 2.7 percent in third quarter
The Commerce Department reports a 2.7 percent annual growth rate from July to September, up from earlier estimates. Restocking by businesses boosted GDP while consumer spending lagged, signaling slower growth ahead amid Sandy and policy uncertainty.
MENTIONED IN THIS ARTICLE
Washington, D.C
Commerce Department
Paul Ashworth
U.S
Capital Economics
Joe Biden
Costco
Ivey Stewart
Pending U S home sales reach near six year high
U S pending home sales rise 5.2 percent to 104.8 in October, the strongest since March 2007 outside tax credit spikes. The gain suggests broader housing recovery with potential sales momentum into the coming months, as buyers and sellers react to improving confidence and market conditions.
MENTIONED IN THIS ARTICLE
U.S
Michael Gapen
Barclays Capital
Hostess winds down in bankruptcy plan with buyer talks
In New York AP reports Hostess Brands Inc won final court approval for its wind-down to liquidate assets and hand control to new owners. The action aims to preserve Twinkies and other brands while eliminating 18 000 jobs, amid talks with 110 potential buyers including five national retailers for CupCakes Ding Dongs and Ho Hos.
MENTIONED IN THIS ARTICLE
New York
Hostess Brands Inc
Hostess
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BY Martin Crutsinger
Associated Press
Aikenfamilypharmacy.com
Newberry St
Price Ave
Dougherty
Dougherty Rd
Aiken, SC
Walker Crosby
Eenan Dr
Alkercrosby
Allstate.com
Allstate
Redbee
Adam
Best Nursery
Adam’s Nursery and Landscaping LLC
Adamsnursery.net
Lam’s Nursery and Landscaping LLC
Windsor
America
Jewelers
Washington Road
Augusta
Sun
Windsorfinejewelers.com
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