U.S. stock indexes end higher after late rally ahead of close

Date: Thu, 16 Oct 2008 17:03:21 -0400

U.S. stock indexes end higher after late rally ahead of close

U.S. stocks shoot dramatically higher in a late-session bounce back from
the prior day's rout, with energy shares pacing the climb after the
price of crude drops below $70 a barrel for the first time in more than
a year.

Google beats estimates with profit gain

Google Inc. posts fiscal third-quarter profit that generally beats
forecasts, bucking low expectations for the results based on general
uncertainty about the health of the online advertising market and a
strengthening dollar.

MarketWatch First Take: Yahoo shareholders must be crying 'Please!' to
Ballmer

Poor Yahoo shareholders, grasping for any way to lift themselves out of
their doldrums. Loose comments from Microsoft CEO Steve Ballmer have
caused a rally on the shares - and serves as a reminder of how far they
have fallen.

Morgan Stanley CEO calls for global industry oversight

Morgan Stanley CEO John Mack says that he thinks the securities business
and financial-services industry need to be overseen or regulated by a
global authority.