U.S. stocks end higher as Fannie Mae reassures investors

Date: Tue, 06 May 2008 17:03:30 -0400

U.S. stocks end higher as Fannie Mae reassures investors

U.S. stocks on Tuesday shake off early declines, with investors
heartened by Fannie Mae's calming words to investors about its financial
situation and by perceptions that Microsoft Corp and Yahoo Inc. might
continue merger discussions after all.

MarketWatch First Take: Goldman Sachs goads the raging oil bulls

Goldman Sachs has warned us: The wolf is once again lurking at the door,
this time in the guise of $200 oil.

Disney earnings surpass $1 billion, beat estimates

Walt Disney Co.'s parks managed to overcome a sluggish economy and its
studio operations flourished, enabling the company to report that
second-quarter earnings climbed more than 21% and beat analyst
expectations.

Cisco reports 5% drop in profit, but revenue rises

Cisco Systems Inc. reports a 5% drop in third-quarter profit, but posts
a 10% jump in revenue.

Special Report: Commodity squeeze: Consumers and food makers feel the
pain

While consumers feel the pain at grocery-store cash registers, so do the
food makers whose products line the store shelves.