IBT Staff Reporter

A proposal by a group of Canadian banks and pension funds to take over the operator of the Toronto Stock Exchange offers cost savings and opportunities for international growth, the group said on Monday.

Energy costs pushed up euro zone inflation in April, but core prices jumped as well, confirming ECB concerns about rising inflationary risks and adding to the case for more interest rate hikes.

TORONTO (Reuters Life!) - A new mobile application allows less-savvy wine consumers to scan bottle bar codes to get instant tasting notes, scores and food pairings.

Lowe's Cos reported weaker-than-expected quarterly results on a slow start to the spring selling season, prompting the world's second-largest home improvement chain to cut its forecast for the year.

No. 2 U.S. home improvement chain Lowe's Cos Inc reported a weaker-than-expected quarterly profit, hurt by a slow start to the spring selling season.

J.C. Penney Co Inc's efforts to remake itself as a more fashionable chain and raise profitability by shedding weak units paid off in the first quarter and the retailer raised its full-year profit forecast.

Stocks fell on Monday as jitters about euro zone debt bailouts, including more financial reforms by Greece, and doubts about the pace of global growth encouraged investors to shed riskier assets.

Supermodel Naomi Campbell has organized a fashion show to help the Japanese earthquake victims.

A group of Canadian banks and pension funds are hoping their C$3.6 billion ($3.7 billion) offer for TMX Group will keep the nation's largest stock market from falling into foreign hands, but questions remained on Sunday whether that is reason enough to succeed.

TORONTO (Reuters Life!) - A new mobile application allows less-savvy wine consumers to scan bottle bar codes to get instant tasting notes, scores and food pairings.

The Tree of Life will premiere today in France after a weekend of anticipation, and a year in waiting.

News and data provider Thomson Reuters should work to resolve a probe into the codes it allocates to company shares after rival S&P offered a fees cap to settle its own case, the EU's competition chief said on Monday.

Novak Djokovic romped to a straight-set victory over world number one Rafael Nadal in the final of the Rome Masters, continuing his magnificent unbeaten run.

Viadeo, the world's second-biggest social network for professionals behind LinkedIn, is deferring a plan for an initial public offering , preferring instead to focus on growth in emerging markets, its chief executive said.

Novak Djokovic romped to a straight-set victory over world number one Rafael Nadal in the final of the Rome Masters, continuing his magnificent unbeaten run.

J.C. Penney Co Inc reported a higher quarterly profit as it benefited from increased sales of its exclusive merchandise and cost-cutting, and the department store operator raised its full-year profit forecast, sending its shares up 6 percent.

In a tightly contested tablet landscape RIM started its journey by recalling 1,000 units of its flagship PlayBook tablet due to a faulty OS.

After two weeks of Osama bin Laden’s death, now comes word from pollster John Zogby that one out of five Americans believe that Bin Laden is not dead.

Dominique Strauss-Kahn, the head of the International Monetary Fund and a leading contender for the French Presidency in 2012, has an alibi as his defense team prepares on Monday to show evidence that he did not sexually attack a hotel worker in New York on Saturday.

Nasdaq OMX Group Inc and IntercontinentalExchange are withdrawing their bid for rival exchange NYSE Euronext, saying it became clear they would not win approval for the deal from the Department of Justice's antitrust division.

Stock index futures fell on Monday as investors shed riskier assets before euro zone finance ministers meet to discuss the region's debt crisis.

European football governing body UEFA has cleared the racism charges against Barcelona midfielder Sergio Busquets and he is free to play in the Champions League final against Manchester United.

Check out our live coverage of the Endeavour Space Shuttle Launch as the baby shuttle goes into space for the final time in its history.

The growth rate for premium air travel fell significantly in March from the previous month because of the Japan tsunami and earthquakes and Arab world unrest, the International Air Transport Association said on Monday.

The surging rebellions through internet urging to overthrow the political coup in the middle east has probably motivated the Thai justice ministry to patrol cyberspace in search of anybody violating the kingdom’s strict lese majeste rules, an offence punishable by up to 15 years in prison.

United States officials have charged six people with providing financial aid to the Pakistani Taliban.

Stock index futures fell on Monday as investors shed riskier assets before euro zone finance ministers meet to discuss the region's debt crisis.

Lowe's Cos Inc's quarterly profit and sales missed Wall Street expectations after the world's second-largest home improvement chain saw a slow start to the spring selling season.

China's largest listed car distributor has come to the rescue of Saab in a deal worth as much as 110 million euros, staving off the collapse of one of Sweden's best-known brands.