U.S. stocks turn positive as market considers data

11:46 am ET Nov 15, 2007

DJIA

13,223

-7.24

S&P

1,466

-4.22

NASDAQ

2,641

-3.17

10Yr

4.24%

-0.031

U.S. stocks turn positive as market considers data

NEW YORK
U.S. stocks on Thursday tentatively turned higher as investors weighed
early economic data, weak forecasts from Applied Materials Inc. and
retailer J.C. Penney Co., and more trouble in the credit markets.

Economic Report: Energy boosts consumer prices; CPI up 0.3%

WASHINGTON
Led by energy prices, U.S. inflation increased 0.3% for the second month
in a row in October.

Barclays to write down $2.7 billion on subprime hit

LONDON
Britain's Barclays on Thursday became the latest bank to disclose
write-downs from subprime lending and the related credit crunch, taking
a charge of 1.3 billion pounds ($2.7 billion), a far lower provision
that rumors in the markets had suggested.

J.C. Penney shares down 4% on lower profit, weaker forecast

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

Heineken and Carlsberg lift bid for Scottish & Newcastle

LONDON
Heineken and Carlsberg on Thursday increased their offer for Scottish &
Newcastle by 4% to 7.3 billion pounds ($15 billion) in a bid that is
still under the stock-market value of the U.K. brewer of Kronenbourg
1664, John Smiths and Newcastle Brown.