IBT Staff Reporter

Canada's budget watchdog sees the federal government's structural balance as at least C$10 billion ($9.71 billion) lower per year than Ottawa estimates, and called for more disclosure of assumptions and methodology used in drafting forecasts.

Orson Welles' Oscar for writing Citizen Kane -- regarded as one of the best films ever made -- is going up for auction again later this month in a hot market for Hollywood memorabilia.

NBC's Sunday Night Football received a considerable boost over last week's performance to further solidify its dominance on Sunday night, according to preliminary numbers.

German lender Commerzbank and the government have been in talks for several days over possible state aid, five people familiar with the matter told Reuters on Monday.

Prime Minister David Cameron tried to limit the political damage from an historic break with his European partners, insisting on Monday that remaining a member of the 27-nation EU was in Britain's national interest, despite his veto on a new treaty.

Wealthy jewelry collectors, movie fans and the just plain curious are training their eyes on this week's auctions of Hollywood legend Elizabeth Taylor's collection of jewelry, haute couture and memorabilia.

The Imitation Game, Graham Moore's story of a British World War II cryptographer who poisoned himself after being criminally prosecuted for being gay, tops this year's Hollywood Black List of best unproduced scripts of 2011.

Even experienced Wall Street contrarians are eyeing the beaten-down U.S. financial sector warily.

Pfizer Inc , the world's biggest drugmaker, on Monday authorized up to $10 billion worth of additional stock repurchases and raised its quarterly dividend by 10 percent.

The Japan Business Federation has decided to punish scandal-tainted Olympus Corp and Daio Paper Corp on December 21, the Nikkei business daily said.

Struggling telecom network equipment maker Nokia Siemens Networks has agreed to sell its fixed-line Broadband Access business unit to U.S. firm Adtran as part of a revamp of its operations.

The Japan Business Federation has decided to punish scandal-tainted Olympus Corp and Daio Paper Corp on December 21, the Nikkei business daily said.

Britain should stay at the heart of Europe, industry executives said on Monday, with some of them warning that Prime Minister David Cameron's decision to opt out of a common European Union fiscal policy may make life more difficult.

AT&T and Deutsche Telekom, T-Mobile's parent company, asked Judge Ellen Huvelle of the U.S. District Court in Washington D.C. Monday to delay the trial with the U.S. Department of Justice over the proposed $39 billion merger, which she has granted.

OECD countries face a growing risk of a refinancing pinch next year as they battle to secure investor confidence while rolling over trillions of dollars in debt, the Paris-based organisation warned on Monday.

Construction aggregates maker Martin Marietta Materials Inc made an unsolicited $5 billion offer to buy larger rival Vulcan Materials Co in stock, in a bid to create the global leader in the industry.

After being accused of racism, the Patriot Freedom Alliance, a Kansas-based Tea Party group, has removed from its Web site an illustration that compared President Barack Obama to a skunk.

Stocks fell on Monday after the three major credit ratings agencies issued new warnings that European leaders have failed to take the coordinated action necessary to tackle the region's debt crisis.

Indian authorities are investigating a computer server in Mumbai for links to the Duqu malicious software that some security experts warned could be the next big cyber threat.

The Justice Department and AT&T asked the judge hearing a lawsuit aimed at stopping the telecommunications giant from buying T-Mobile USA to stay the court fight on Monday, another blow to an already troubled deal.

A new study of leukemia drug Mylotarg, pulled from the U.S. market last year due to safety concerns, found it to be effective when used at low doses in older adults but questions about toxicity remain.

Interim results from an early stage trial of Pharmacyclics Inc's experimental blood cancer drug show the number of leukemia patients responding to the medicine has increased over time.

A single treatment with gene therapy, an experimental technique for fixing faulty genes, has been shown to boost output of a vital blood clotting factor, possibly offering a long-term solution for people with hemophilia B.

Early results from a pivotal trial of Ariad Pharmaceuticals Inc's experimental leukemia drug ponatinib show it is effective in nearly half of patients who had stopped responding to currently available drugs.

Girl band Little Mix became the first group to win Britain's X Factor television talent show on Sunday, beating hairdresser Marcus Collins in the final.

Associates of Yasser Arafat offer personal recollections in a documentary screened in Dubai this week on his search for an Israeli-Palestinian peace deal that descended into violence and failed to lead to a Palestinian state.

Dennis Varni remembers buying his first car, a 1931 Ford Model A, more than a half century ago when he was 14. It cost him $45 and to amass that princely sum, he picked fruit, hawked his model train set and even sold the clothes off his back.

Pacific International Marketing is recalling 6,141 cartons of cilantro because of potential contamination by salmonella, the Salinas, California, company said.

Anti-Wall Street demonstrators, confronted by police in riot gear, marched on several West Coast ports on Monday seeking to disrupt cargo traffic and re-energize their protest movement.