U.S. stocks close down amid worries about economy

4:04 pm ET Nov 15, 2007

DJIA

13,110

-120.96

S&P

1,451

-19.43

NASDAQ

2,618

-25.81

10Yr

4.16%

-0.110

NEW YORK
U.S. stocks intensified losses Thursday to close a third day of declines
this week as investors found dark spots in economic data and
credit-related anxieties lingered.

J.C. Penney's lower outlook adds to retail holiday jitters

NEW YORK
J.C. Penney Co. reported Thursday a 9.1% drop in third-quarter profit,
hurt by sweeping discounts to clear unsold merchandise. The
department-store operator cut forecasts for the fourth quarter and the
full year, citing macroeconomic concerns.

Amazon sell-off cleans out 'renters,' says broker

SAN FRANCISCO
Amazon.com has seen its market value take a cut of more than 20% since
its last earnings report, which analyst Scott Devitt believes has
cleaned out the "renters" who jumped into the stock as it surged towards
the $100 mark last month.

Bush says military will free up U.S.airspace to reduce congestion

WASHINGTON
In an effort to curb flight delays, President Bush said Thursday that
the U.S. military was making some restricted airspace along the East
Coast available to commercial carriers over the busy Thanksgiving travel
period.

Newsweek hires Karl Rove as contributor

CHICAGO
Newsweek magazine has hired Karl Rove, the former White House deputy
chief of staff, to contribute occasional opinion pieces to the print and
online versions of the publication.