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Stocks down...Deal reached on airline merger...Bill Clinton weighs in on health care

Tuesday - 11/12/2013, 3:19pm  ET

NEW YORK (AP) -- Stocks are lower in afternoon trading on Wall Street as investors react to some disappointing company earnings. NRG Energy slumped after the company lowered its earnings forecast for this year and next. Airline stocks rose after the Justice Department said it cleared the way for the merger of American Airlines and US Airways.

WASHINGTON (AP) -- The Justice Department says it has reached an agreement to allow American Airlines and US Airways to merge into the world's biggest airline. The settlement, which still must be approved by a federal judge, requires the two airlines to give up some takeoff and landing rights in Washington and New York. They would also have to turn over gates at airports in Boston, Chicago, Los Angeles, Dallas and Miami to low-cost carriers.

WASHINGTON (AP) -- Former President Bill Clinton says President Barack Obama should find a way to let people keep their health coverage, even if it means changing the new insurance law. Clinton says Obama should "honor the commitment that the federal government made to those people and let them keep what they got." Obama has come under pressure as millions of Americans started receiving insurance cancellation letters. The president had repeatedly said people would not be forced to change their insurance under the new law. Clinton spoke in an interview with a website (www.OZY.com ).

NEW YORK (AP) -- With more stores opening on Thanksgiving, is the holiday in danger of becoming just another shopping day? A professor of marketing at Wake Forest University predicts that within five years, most retail chains will be open all day on Thanksgiving and Americans will make shopping a holiday tradition. This year at least a dozen major retailers plan to open on Thanksgiving night, including Wal-Mart, Macy's and Best Buy.

ATLANTA (AP) -- Atlanta's mayor says the city will demolish Turner Field after the Braves leave for a new stadium in the suburbs in 2017. He says the stadium won't be left vacant after the team starts playing at a new field in Cobb County, and that the land will be used to create a development for middle-class people. He also says that Atlanta had hoped to keep the team in the city but could not afford to do so.


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