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NEW YORK - Stocks rallied on Friday after Microsoft’s upbeat outlook boosted the three major indexes and a profit forecast from lender Countrywide Financial buoyed the struggling financial sector.

WASHINGTON - The chief of Boeing Co’s commercial plane unit has said on Friday that orders might level off in 2008, but the company is hopeful United States airlines are ready to start purchasing new aircraft.

NEW YORK - Countrywide Financial Corp posted a $1.2 billion third-quarter loss on Friday, but its shares soared after the largegest United States mortgage lender has said it expects to be profitable in the fourth quarter and in 2008, and has weathered the worst of the housing downturn.

NEW YORK - Stocks rallied on Friday after a higher profit forecast by Microsoft Corp. lifted all three major indexes and an upbeat outlook by lender Countrywide Financial Corp. stemmed fears of financial-sector losses.

NEW YORK - Oil prices shot to an all-time high above $92 a barrel on Friday as the tumbling dollar and Nigerian output disruptions helped extend a rally that has lifted prices nearly 30 percent since August.

NEW YORK - BEA Systems Inc shares fell 6.5 percent on Friday to trade below Oracle Corp’s bid for the first time since it was made, as the deadline for the offer loomed with no signs of an agreement.

SAN FRANCISCO - Mortgage lenders launched more than 70,000 foreclosure proceedings in California in the third quarter, marking a record for the state, where many housing markets are slumping amid mortgage market turmoil, according to a report released on Friday.

NEW YORK - Consumer sentiment fell further than expected in late October to its lowest in more than a year as concerns about the housing slump darkened the economic outlook, a survey released on Friday showed.