Bank of America Corp said it plans to repay its US$45bn (€29.8bn) in government bailout funds in the next few days, a move that will help the troubled bank recruit a new chief executive officer.

Wall Street pulled off a big turnaround today, rebounding from a steep early drop to finish modestly higher.

Stocks reversed a steep sell-off to end mostly higher today as fears about a worrying jobs report gave way to bargain-hunting in sectors like financials and consumer staples.

Wall Street ended a temperamental session widely mixed today after investors grappled with JPMorgan Chase & Co’s government-backed buy-out of stricken investment bank Bear Stearns.

Wall Street ended a painful week with another decline today as skittish investors unable to hold on to much optimism about the economy drew little comfort from President George Bush’s stimulus plan.

Wall Street extended its rally with modest gains in the major indexes today following two days of sharp advances, despite economic readings which painted a mixed picture of the economy.

Wall Street pared its losses to finish flat today but remained uneasy after disappointing results from Bank of America Corp provided further evidence that the credit crisis is hurting the economy.

Wall Street ended a mildly erratic day slightly lower today after anxiety about widening credit problems offset investor optimism about a $2bn capital infusion into troubled mortgage lender Countrywide Financial Corp.

Wall Street ended a mildly erratic day slightly lower today after anxiety about widening credit problems offset investor optimism about a $2bn (€1.47bn) capital infusion into troubled mortgage lender Countrywide Financial Corp.

Wall Street showed signs of confidence in the credit markets today, surging higher in response to a pullback in Treasurys and an increase in borrowing by banks.

Cisco Systems Inc will sell 180,000 phones that transmit phone calls over the internet to Bank of America Corp, the third-biggest US bank by assets.

Italian prosecutors asked a judge today to confirm the arrest of Parmalat’s founder and former Chief Executive Officer after they accused him of market rigging, fraudulent bankruptcy and making false statements to auditors to hide a multi-billion pound hole in the dairy company’s balance sheet.

Nine investment banks financed lucrative schemes that helped Enron, the failed US energy giant, appear to be a profit powerhouse up to its collapse, said lawyers who plan to add the banks to a shareholder lawsuit today.