Upbeat marts

US stocks snapped a three-day slide yesterday. The Dow Jones industrial average surged 275.56 points, or 2.5 percent, to 11,414.86. The S&P 500 advanced 33.38 points, or 2.9 percent, to 1,198.62, while the Nasdaq Composite ran up 75.11 points, or 3 percent, to 2,548.94.

MERS ruling

A lawsuit accusing several mortgage lenders, including Bank of America, JPMorgan and Wells Fargo, of fraud over home loans maintained within the industry’s private electronic database, known as MERS, cannot move forward, according to a US appeals court ruling.

VeriClimb

VeriSign shares rose 7.6 percent, following a jump of 6.8 percent Tuesday, fueled by speculation that the company is in talks to be acquired.

Saab story

The owner of cash-strapped car maker Saab filed for bankruptcy protection.

Pizza!

Bankrupt pizza chain Sbarro can try to sell itself out of bankruptcy after reaching agreements with creditors who had objected to bidding terms.