IBT Staff Reporter

Bank of America Corp plans to sell its credit card business in Canada to TD Bank Group, part of a plan by the largest U.S. bank to shed assets and rebuild its capital base.

Pfizer Inc said on Monday it won a patent infringement case against the U.S. unit of Teva Pharmaceutical Industries Ltd, preventing Teva from launching a generic version of Pfizer's erectile dysfunction drug Viagra until October 2019.

Leading German business groups called on Monday for joint euro zone bond issuance, despite their government's opposition, and the European Central Bank showed its intent to defend Italy and Spain.

Poland became the third most active retail investment market in Europe in the first half of 2011, with $1.73 billion transacted.

About 45,000 Verizon workers, represented by the CWA and the International Brotherhood of Electrical Workers, have been on strike since last Sunday after talks for a new labor contract failed.

A gauge of manufacturing in New York State showed the sector contracted for the third month in a row in August as new orders fell to their lowest level since November 2010, the New York Federal Reserve said in a report on Monday.

The discovery of over a dozen fake Apple stores in a single city of China may suggest the total volume of unauthorized stores across the country most notorious for counterfeited products.

A gauge of manufacturing in New York State showed the sector unexpectedly contracted for the third month in a row in August as new orders fell to their lowest level since November 2010, the New York Federal Reserve said in a report on Monday.

Stocks rose more than 1 percent on Monday, feeding on acquisition news and hopes European politicians will come up with solutions to the region's debt crisis.

Lowe's Cos Inc reported weaker-than-expected quarterly sales and cut its fiscal-year outlook for the second time in three months as homeowners put off big renovations in an anemic U.S. economy.

The Middle Jonas Brothers, Joe Jonas, celebrated his 22nd birthday this past weekend. The "See No More," singer did several things to celebrate the big day that is actually on Aug. 15.

A pilot and a teacher died while a family of four waited 14 hours to be rescued from a plane crash in the mountains of Alaska.

A gauge of manufacturing in New York State showed the sector contracted for the third month in a row in August as new orders fell to their lowest level since November 2010, the New York Federal Reserve said in a report on Monday.

The second half of 2011 holds juicy opportunities for Apple to leap in its sales. The California-based technology giant is reportedly prepared to unleash as many as 56 million iPhones, of which more than half are the much-anticipated iPhone 5.

A tragedy like no other occurred in Indiana this weekend when a stage collapsed at the Indiana State Fair, killing five and injuring 40 plus people.

Stock index futures rose on Monday, feeding bullish hopes that the recent selling would ebb after last week's wild swings took the S&P 500 near a one-year low.

Lowe's Cos Inc reported weaker-than-expected sales in the second quarter as home owners put off big renovations in an anemic U.S. economy.

The economic mess that America faces isn?t because of "extraordinary" tax breaks for high-net-worth Americans; it's the result of decades of social welfare programs that have created a permanent, self-perpetuating welfare state.

After being pushed into a corner by the Rockstar consortium which acquired a portfolio of 6,000 patents from Nortel Networks, Google has upped the ante in the smartphone arena by acquiring Motorola Mobility for $12 billion.

U.S. homebuilder sentiment remained stuck at historic lows in August, as a glut of distressed homes, tight credit, and economic uncertainty kept new buyers out of the market, the National Association of Home Builders said on Monday.

Time Warner Cable said it will buy cable operator Insight Communications from Carlyle Group for $3 billion in cash to broaden its presence in the U.S. Midwest.

Many stars including Justin Bieber, Kim Kardashian, Tyra Banks, Victoria Justice, Nick Cannon, Will Ferrell, Kerry Washington, and of course, Demi Lovato came out to the Do Something Awards in LA on Aug. 14. The show was hosted by Jane Lynch from "Glee," and celebrated people under 25 who help out their community and world around them through various social activities. Some of the celebrities were receiving awards in various categories while other were presenters.

Not only can vampire bats locate hotspots or blood vessels in their prey using infrared vein sensors on their lips, which was revealed in a study earlier this month, the blood-sucking bats may also be carrying rabies virus, as U.S. health officials confirmed Friday the first death in the country from rabies carried by the animals.

Android operating system has been targeted time and again by experts, claiming it to be not secure enough. The latest announcement comes from the security expert, Riley Hassel.

While Google sits enthroned as the search engine giant in its market share, Yahoo and Bing are more effective in search results, yielding the highest success rates, according to a search-engine study.

No euro zone member states will be allowed to quit the currency bloc, European Central Bank Governing Council member Yves Mersch said in an interview published on Monday in the China Business News.

Its been 10 years since Hilary Duff rose to fame as Lizzie McGuire on the Disney series of the same name. Fans of the hit show reflected on Twitter about the exciting and surprising news.

Life is short -- so why not take the scenic route? That is the message BMW Financial Services seems to be encouraging with its new app, The Ultimate Drive.

China's Huawei Technologies Co Ltd, the world's No.2 network equipment maker, posted an 11 percent rise in its first-half sales as it closes in on market leader Ericsson.