IBT Staff Reporter

Southwest Airlines Co canceled 70 flights on Monday as it continued to inspect Boeing 737 planes following the emergency landing on Friday of a jet with a hole in its fuselage.

A bipartisan group of lawmakers from both chambers of Congress on Monday vowed to pass legislation giving the U.S. Justice Department new authority to go after foreign and domestic websites that sell pirated music and movies and counterfeit goods.

The U.S. is investigating how customer data is used by some popular applications that run on the mobile platforms of Apple Inc and Google Inc.

A U.S. federal appeals court threw out challenges to controversial Internet traffic rules adopted in December, saying the complaints were filed too early.

Texas Instruments Inc plans to buy smaller rival National Semiconductor for about $6.5 billion in one of the microchip industry's largest deals in years.

A bipartisan group of lawmakers from both chambers of Congress on Monday vowed to pass legislation giving the U.S. Justice Department new authority to go after foreign and domestic websites that sell pirated music and movies and counterfeit goods.

The United States will hit the legal limit on its ability to borrow no later than May 16, Treasury Secretary Timothy Geithner said on Monday, ramping up pressure on Congress to act to avoid a debt default.

Google Inc's Larry Page is back in charge of the company he founded a decade ago and, while some investors are uneasy about his credentials, they hope he will breathe new life into the Internet search giant.

A Republican proposal to revamp the U.S. public health system in the 2012 fiscal year budget will include a phase-out of Medicare and would replace it by providing subsidies for private health insurance.

The U.S. Court of Appeals for the Federal Circuit heard arguments today that could decide the future of the biotech industry, in a case over whether genes can be patented.

Fast-food chain McDonald's Corp , trying to grab positive headlines in an economic recovery still struggling to create living-wage jobs, announced on Monday that it would do all of its spring hiring in one fell swoop.

Texas Instruments buys National Semiconductor for $6.5 billion; the latter's stock soars in after-hours trading.

A judge made the high-profile insider trading trial of Galleon Group hedge fund founder Raj Rajaratnam less risque on Monday, deleting portions of phone taps to be heard by the jury.

Online radio service Pandora Media Inc said it has been subpoenaed by a Federal grand jury investigating the use of customer data by certain popular applications that run on mobile platforms of Apple Inc and Google Inc's Android.

iPhone upgrade fees have increased by $50, the company confirms.

Securities regulators are probing Chinese and other foreign companies with questionable accounting practices that have used backdoor methods to access U.S. capital markets, a top regulator said on Monday.

The S&P 500 met tough resistance on Monday, failing to break a level that has held since mid-February and ending flat even as a spate of deals and underlying strength in the economy spurred optimism.

Agence French Presse is reporting that Kate Middleton's childhood home is up for sale for approximately 500,000 pounds.

Martin Luther King III has entered a local fight for living wages at certain New York City businesses on the anniversary of his father's death, in a push which proponents say can gain steam in other cities across the country.

The hacker collective Anonymous has posted a warning to Sony that it plans an attack of some kind as revenge for the legal action taken against another hacker who modified a PlayStation 3.

Via the service, GameStop will allow Power Up Rewards members to stream games directly to tablet computers like the iPad and Motorola Xoom

Oil prices rose to their highest since 2008 on Monday, with Brent surging above $121 a barrel as Nigerian election delays and a short-lived strike in Gabon joined a list of geopolitical supply concerns.

The S&P 500 met tough resistance on Monday, failing to break a level that has held since mid-February even as a spate of deals and underlying strength in the economy spurred optimism.

The Hollywood Reporter announced that the ex-governor of California, Arnold Schwarzenegger, announced his return to the big screen Monday saying that a film version of his much-publicized cartoon project The Governator is in the works.

The S&P 500 met tough resistance on Monday, failing to break a level that has held since mid-February even as a spate of deals and underlying strength in the economy spurred optimism.

Bidders assembled on Monday for a bankruptcy auction of movie rental chain Blockbuster Inc that will decide the company's next owner and the amount of money available to pay off claims.

Google has put in a $900 million bid for Nortel Networks' patent portfolio, which could make it a real player in mobile technology and forestall lawsuits over its smartphone line.

Company has 'no desire' to get into smartphones, executives say

Global Internet giant Google has bid $900 million for a warchest of patents from bankrupt Nortel Networks, in an initial stalking horse bid that's expected to draw in higher competing offers.