IBT Staff Reporter

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Maple, LSE talk tough in last-minute dash for TMX

Bidders for the operator of Canada's largest stock exchange stepped up their last-minute push for votes on Monday as the deadline loomed for TMX Group shareholders to decide between a takeover offer from the London Stock Exchange or from a home-grown rival.

Goldman's Solomon: Dark horse contender in CEO race

TURNING ON THE CHARMSolomon avoids the spotlight. Bald and paunchy, with a gravelly voice and a casual demeanor, he hardly radiates power. Described by friends as a family man close to his wife and two daughters, Solomon lives in an apartment on tony Central Park West in Manhattan, and is not known to flaunt his wealth.

Lehman to sell Toy Center for $700 million: report

Lehman Brothers Holdings Inc is preparing to sell its stake in a Manhattan building that once housed the International Toy Center to JPMorgan Chase & Co for about $700 million, the Wall Street Journal said on Monday, citing people familiar with the matter.

Sprouts spark 20 cases of Salmonella poisoning FDA says

The U.S. Food and Drug Administration along with Centers for Disease Control and Prevention and public health agencies are warning consumers not to eat Evergreen Produce brand alfalfa sprouts or spicy sprouts because they may be linked to 20 cases of salmonella poisoning.

Consumer spending breaks 10-month rising streak

U.S. consumer spending failed to rise in May, breaking 10 straight months of gains, as households struggled with rising prices and automakers could not deliver some popular models due to fallout from Japan's earthquake.

Blackstone asked for extra details on pay by SEC

Private equity and real estate firm Blackstone Group was recently asked by the Securities and Exchange Commission to provide extra information about how it remunerates its executives, according to regulatory filings made public on Monday.

Court strikes down minor violent video game ban

Governments cannot ban the sale or rental of violent video games to minors because it would violate free-speech rights, the U.S. Supreme Court said on Monday in its first ruling in a video game case.

Chatting, texts, now apps distract young drivers

NEW YORK (Reuters Life!) - First it was chatting, then texts. Now apps are distracting young drivers, with more than a third of college students at a U.S. university saying they use them while behind the wheel.

[PHOTO UPDATES] Floodwaters Recede in Minot, North Dakota, Slow Recovery Expected

The floodwaters, which reached a nearly record-breaking level of 1,561.7 feet above sea level, have been slowly receding, and the opening of three recovery centers in North Dakota were announced on Monday. Two centers will open in Minot, and one in Bismarck. Residents can register for disaster assistance online or by phone as well.

TomTom guides lower again as consumers flee

TomTom, the Dutch technology company best known for personal navigation devices used by car and truck drivers, cut its 2011 outlook for the second time on Monday citing weak electronics markets.

Airbus set for multi-billion China order: sources

China could order dozens of Airbus jetliners during a visit by Premier Wen Jiabao to Berlin according to sources, but the deals are clouded by a spat between Beijing and Europe over aviation carbon tariffs.

British teen hacker suspect granted bail

A British teenager accused of attempting to hack the website of a national law enforcement agency and two music industry bodies was released on bail on Monday on the condition he does not try to access the internet.

Tribune's creditors make final bankruptcy pitch

Two years after real-estate mogul Sam Zell's brief control of Tribune Co ended in bankruptcy, warring creditors made their final pitches on Monday for the best way to get the owner of the Los Angeles Times out of Chapter 11.

Wall St rebounds, led higher by banks

U.S. stocks rebounded from three days of losses on Monday, led by banks after regulators announced global capital rules that investors viewed as less as onerous as previously anticipated.

Wall Street rises as banks rally

Stocks rebounded from three days of losses on Monday, led by banks after regulators announced global capital rules that investors viewed as less onerous than previously expected.

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