Business Highlights: US growth rate upgraded; GM says it can handle rising labor costs

Business Highlights: US growth rate upgraded; GM says it can handle rising labor costs

___ US economic growth for last quarter is revised up to a 5.2% annual rate WASHINGTON (AP) — Shrugging off higher interest rates, America’s consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government said in an upgrade from its previous estimate. The government had previously estimated that the economy grew at a 4.9% annual rate last quarter. In the current fourth quarter, though, eco…