Stocks advanced strongly as traders await fresh action to solve Europe's debt crisis. Belgian budget agreement and report of IMF help for Italy help ease negative pressure on European stocks.
Stock prices in Europe fall sharply after G7 finance ministers fail to come up with new measures. Bank stock prices, in particular, tumble over concerns of spreading euro debt crisis.
Robert Dudley will become the first non-British chief executive of BP, replacing the embattled Tony Hayward.
Prime Minister Brown unveiled an $87 billion plan Wednesday to buttress British banks. Hailed by some European leaders, credit markets responded tepidly.
London and New York stopped a practice seen as pushing stocks down. But some say short-sellers are merely scapegoats.
Markets from London to Tokyo fell on the news of Lehman Brothers' bankruptcy.