IBT Staff Reporter

Bank of America Corp , which has lost almost half of its market value this year, announced a broad reorganization on Tuesday that includes the departure of two senior executives.

Stocks rallied on Wednesday, reversing three days of losses on optimism the European debt crisis might ease after Germany's top court smoothed the way for Berlin's participation in bailout packages.

By the end of September, the long-debated existence of the Higgs boson, or God particle, may be made clear according to U.S. physicists.

A 21-foot (6.4 meter) long crocodile was captured by staff of the Protected Areas and Wildlife Division (PAWD) of the Department of Environment and Natural Resources of Philippines.

The number of jobs waiting to be filled edged up slightly in July but hiring dipped, preventing a much-needed boost to the struggling economic recovery, government data showed on Wednesday.

Among the legions of Brazil-watchers who were caught off guard by last week's 50 basis point interest rate cut, count President Dilma Rousseff.

A tragedy has occurred near Moscow as a Russian jet crashes and wipes out nearly an entire KHL hockey club.

Facebook's first-half revenue roughly doubled to $1.6 billion, underscoring the world's largest social network's appeal to advertisers.

Stocks rallied on Wednesday, reversing three days of losses on hopes the European debt crisis might ease after Germany's top court smoothed the way for Berlin's participation in bailout packages.

Individuals of the Lesbian, Gay, Bisexual, and Transgendered (LGBT) community represent a growing portion of the world's population, yet when it comes to caring for these individuals, medical training seems to fall short. According to a new study, medical schools set aside an average of only seven hours for topics related to the health care needs of LGBT patients.

General Electric Co said it would vigorously contest a lawsuit by the Federal Housing Finance Agency, which said the conglomerate's former WMC unit made inaccurate statements about the sale of two residential mortgage-backed securities.

The election to replace Anthony Weiner, who resigned from Congress after being revealed as an internet womanizer who used Twitter to send lewd pictures of himself, is more competitive than anyone expected.

The world's smallest motor made from a single molecule is going to set a new record in the Guinness World Records and gives much hope to scientists for its practical application in Nanoscience.

Germany's top court handed the country's parliament a greater say over euro zone bailouts on Wednesday, in a closely-watched ruling that could hamper Berlin's ability to act swiftly to counter a debt crisis that has plagued the currency bloc for two years.

HSBC <0005.HK> , Europe's biggest bank, is to cut 3,000 jobs in Hong Kong over the next three years as it targets its first wave of an aggressive cost-cutting plan on five countries.

Finnish Internet company Sulake said it was naming Paul LaFontaine as its new chief executive in a move aimed at shifting the company known for its teen networking site Habbo Hotel more toward social gaming.

A meeting of Group of Seven finance chiefs on Friday will discuss the struggling world economy and progress in regulating the financial sector but a coordinated action plan to calm markets is unlikely.

France's highest administrative court rejected a bid by telecom operator Iliad to block the government's auction of fourth-generation mobile licenses.

Stocks rose on Wednesday, reversing three days of losses on hopes the European debt crisis might ease after Germany's top court smoothed the way for Berlin's participation in bailout packages.

NASA's LRO takes a walk down memory lane and looks back at three of the Apollo missions

President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans some $300 billion in tax cuts and government spending as part of a job-creating package, U.S. media reported on Tuesday.

Antitrust officials in South Korea raided Google Inc's Seoul offices on Tuesday, according to a source familiar with the matter, expanding worldwide regulatory pressure on the Internet giant.

Germany's Constitutional Court rejected on Wednesday a series of lawsuits aimed at blocking German participation in bailout packages for Greece and other euro zone countries, but said parliament must have a bigger say in future rescues.

Even as anxiety over policy inertia, banking and sovereign debt crises dominate the headlines, a long-festering concern over the impact of aging Western populations on stock markets is returning to add even greater gloom.

A meeting of Group of Seven finance chiefs on Friday will discuss the struggling world economy and progress in regulating the financial sector but a coordinated action plan to calm markets is unlikely.

Wall Streets stocks were set to rebound on Wednesday on hopes the European debt crisis might ease after Germany's top court smoothed the way for Berlin's participation in bailout packages.

Germany's top court handed its country's parliament a greater say over euro zone bailouts, potentially hampering Berlin's ability to act decisively against a debt crisis which Chancellor Angela Merkel said needed a fundamental rethink to solve.

Stock index futures rose on Wednesday, following a three-day equities decline, on hopes the European debt crisis might ease after Germany's top court smoothed the way for Berlin's participation in bailout packages.

An action-packed Wednesday at the US Open is highlighted by the quarterfinal tie between world number three Roger Federer and 11th seed Jo-Wilfried Tsonga.