Pending home sales hit two-and-half year high in November

WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes rose in November to their highest level in 2-1/2 years, an industry group said on Friday, further evidence of a strengthening housing market recovery.The National Association of Realtors said its Pending Home Sales Index, based on contracts signed last month, increased 1.7 percent to 106.4 – the highest level since April 2010 when...

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Prosecco sparkles as shoppers tighten belts

Looking to celebrate this festive season? You’ll be in good company if you pop open a bottle of Prosecco.As Europe’s age of austerity grinds on, squeezing household budgets, the sparkling Italian wine is fast replacing champagne as the party fizz of choice.“Prosecco is well-established as a popular alternative to champagne in Europe, but now it looks as if it will also become a household name over...

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Wall Street heads for longest losing streak in three months

NEW YORK (Reuters) - Stocks fell on Friday, putting the S&P 500 on track for a fifth straight decline, as President Barack Obama and top congressional leaders were set to make a last-ditch attempt to steer the country away from severe fiscal austerity next year. Obama and lawmakers from both political parties will meet at the White House on Friday afternoon for talks in an effort...

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Stomach bug knocks Nadal from Australian Open

MADRID (AP) — Rafael Nadal will miss the Australian Open because of a stomach virus, further delaying his comeback after being sidelined since June.The Australian Open, the year's first Grand Slam tournament, begins Jan. 14. The virus kept Nadal from making his return at Abu Dhabi this week.The Spaniard said Friday his withdrawals had nothing to do with the tendinitis in his left knee, which forced...

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2013: A year for big issues in the courts

By Jeffrey Toobin, CNN Senior Legal AnalystDecember 27, 2012 -- Updated 1445 GMT (2245 HKT)Chief Justice John Roberts re-administers the oath of office to Barack Obama at the White House on January 21, 2009. STORY HIGHLIGHTSJeffrey Toobin: 2013 will see pivotal decisions in several key areas of lawHe says Supreme Court could decide fate of same-sex marriageAffirmative action for public college admissions...

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Singer Travis pleads not guilty to assault

SAN ANTONIO (Reuters) – Country singer Randy Travis pleaded not guilty to misdemeanor assault in a municipal courtroom in the Dallas suburb of Plano on Friday, his lawyer said.Lawyer Peter A. Schulte told Reuters his client is “absolutely not guilty of this crime.”Police say Travis assaulted a man in a church parking lot in Plano in August while attempting to intervene in a disagreement between a...

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US ‘heading over fiscal cliff’

27 December 2012 Last updated at 11:40 ETPlease turn on JavaScript. Media requires JavaScript to play. “It looks like that’s where we’re headed,” Harry Reid said of the fiscal cliffThe US appears to be heading over the “fiscal cliff”, with prospects dim for a deal to avoid tax rises and spending cuts, the US Senate leader says.Speaking on the Senate floor, Democrat Harry Reid said there did not seem...

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Matthews raises profile during campaign

NEW YORK (AP) — To his boss, Chris Matthews has become a statesman. His critics probably have other words.The veteran MSNBC host raised his profile as much as any member of the television commentariat during the presidential campaign. His 5 p.m. “Hardball” show has seen viewership jump by 24 percent this year from 2011, 17 percent for the rerun two hours later.Matthews symbolized MSNBC’s growing comfort...

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Dow falls more than 1 percent

NEW YORK (Reuters) - The Dow fell 1 percent as stocks added to losses on Thursday. The Nasdaq and S&P 500 earlier declined more than 1 percent, with worries about the U.S. "fiscal cliff" after Senate Majority Leader Harry Reid warned the United States appeared poised to head over it. The Dow Jones industrial average <.dji> was down 143.83 points, or 1.10 percent, at 12,970.76....

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McElroy has concussion, Sanchez to start for Jets

FLORHAM PARK, N.J. (AP) — The New York Jets' wacky quarterback situation took yet another twist.Greg McElroy has a concussion — which he didn't reveal until Thursday — and will be replaced by Mark Sanchez as the New York Jets' starting quarterback in the season finale at Buffalo on Sunday.Coach Rex Ryan walked into his news conference before practice, took the podium and opened with: "You're not going...

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A gunmaker ripe for an ethical takeover

Several .223 caliber rounds near a Bushmaster XM-15; the manufacturer's owner is putting its gun companies up for sale.STORY HIGHLIGHTSThe owner of America's largest gunmaker is putting firm up for saleJohn MacIntosh says billionaires should lead effort to acquire the gun manufacturerHe says they should change corporate practices to discourage violenceMacIntosh: One leading company could push gun...

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Christmas box-office haul paces Hollywood for record year

LOS ANGELES (Reuters) – A strong Christmas-day box office performance by musical “Les Miserables” and western “Django Unchained” put Hollywood on pace to set an all-time box office record with $ 10.8 billion in annual revenue, box-office tracker Hollywood.com said on Wednesday.Universal Pictures‘ star-studded “Les Miserables” took in a weekday Christmas record of $ 18.2 million in the United States...

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How to Keep New Year’s Resolutions: Make Them in August

Here’s some bad news for those making New Year’s resolutions now: January is the worst month to try to change your life, according to data from StickK, one of several websites designed to help people achieve personal goals. “Everybody wants to make a New Year’s resolution,” says Jordan Goldberg, chief executive of the 18-employee New York company, which see its traffic triple at the start of the year...

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Procrastinators Rejoice Over Last-Minute Weekends in Charleston

CHARLESTON, SC–(Marketwire – Dec 26, 2012) – There are those that meticulously plan their trips months in advance, carefully weighing every option and going over every detail — and then there are the rest of us, harried, scattered, and running from one thing to the next. For those who have everything but spare time, the Renaissance Charleston Historic District Hotel is proud to offer special savings...

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Wall Street sags, "cliff" angst steals retailers' Christmas

NEW YORK (Reuters) - U.S. stocks fell on Wednesday as retailers' shares dropped sharply after a report that showed holiday shoppers were less enthusiastic than last year, with investors saying worries about the "fiscal cliff" may have kept them away from stores. The Morgan Stanley retail index <.mvr> skidded 1.8 percent as holiday-related sales rose 0.7 percent from October 28 through...

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James leads Heat over Thunder in Finals rematch

MIAMI (AP) — Kevin Durant and Russell Westbrook combined to score 54 points, more than any set of teammates had managed in a game against Miami all season.Oklahoma City needed them to score at least three more.That didn't happen, and an NBA Finals rematch went just as last year's title series did — to the Heat.LeBron James had 29 points, nine assists and eight rebounds, Dwyane Wade scored 21, and...

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Climate change: No consensus needed

Lake Cachet II in Aysen, Chilean Patagonia, disappeared because of rising temperatures driven by climate change, experts say.STORY HIGHLIGHTSTseming Yang: Result of Doha climate change conference less than desirableYang: It's time to abandon the myth that a consensus solution is the best approach He says the 25 major carbon emitters should work out an agreement among themselvesYang: Smaller, focused...

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Britain’s royal family attends Christmas services

LONDON (AP) — Britain‘s royal family is attending Christmas Day church services — with a few notable absences.Wearing a turquoise coat and matching hat, Queen Elizabeth II arrived at St. Mary Magdelene Church on her sprawling Sandringham estate in Norfolk. She was accompanied in a Bentley by granddaughters Beatrice and Eugenie.Her husband, Prince Philip, walked from the house to the church with other...

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The Jim Cramer of China

When Hu Bin started his blog in early 2008, he was a skinny 22-year-old college dropout with a perpetually skeptical look on his face and little doubt he’d soon be a household name. The previous year the Shanghai Stock Exchange had been flooded by speculators. For a brief period, it was the second-busiest exchange in the world. It was also beginning a dramatic fall ushered in by the global financial...

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Sony says China business has recovered, foresees growth

BEIJING (Reuters) – Sony Corp’s <6758.T> business in China has “more or less” returned to levels seen before recent protests against Japan’s actions over a group of disputed islands, the Japanese company’s China chief, Nobuki Kurita, told reporters on Tuesday.Calls for boycotts of Japanese products broke out across China in September after Japan nationalized two of a group of disputed East China...

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