IBT Staff Reporter

Innkeepers USA Trust sued Cerberus Capital Management LP and Chatham Lodging Trust over their decision to call off their $1.12 billion purchase out of bankruptcy of 64 of its hotels.

Hong Kong-listed shares of China Construction Bank Corp, the world's No.2 lender, rose more than 4 percent on Tuesday after news that Bank of America Corp will sell about half of its stake in the Chinese lender.

Hong Kong-listed shares of China Construction Bank Corp, the world's No.2 lender, rose more than 4 percent on Tuesday after news that Bank of America Corp will sell about half of its stake in the Chinese lender.

A compact, suitcase-size nuclear power plant could one day generate electricity for manned or unmanned bases on the moon, Mars, or other planets, a U.S. research team says.

The FDIC and more than three dozen other investors on Monday lodged objections to Bank of America Corp's $8.5 billion settlement of claims over losses on mortgage-backed securities, joining a growing list of investors and regulators that are challenging the accord.

Los Angeles wholesale gasoline differentials fell 15 cents per gallon Monday on news that production at Exxon Mobil's (XOM.N) 149,500 barrel per day (bpd) Los Angeles-area refinery in Torrance, California, was unaffected by a malfunction on Thursday night, traders said.

Chocolate may be good for the heart but cardiologists are not giving you a license to indulge.

Arraignment was postponed for a second time on Monday for a California mom accused of dropping her 7-month-old baby to his death from a hospital parking structure.

If you were to scientifically engineer a modern male country star, you might come up with Jake Owen. He's got the stubble-laden dimples, the easy grin, the longish, slightly tousled hair, the pleasant, Southern-accented baritone, and the obligatory one-syllable first name and two-syllable last name.

It's no mystery as to why TNT renewed Rizzoli & Isles for a third season earlier this month.

Lady Gaga picked up two awards and Katy Perry won three, including video of the year. But it was Beyonce showing off her new baby bump that stole the show at MTV's Video Music Awards on Sunday.

The United States was a net exporter of solar energy products last year, thanks to strong demand from China, Germany and Japan for U.S.-made polysilicon and capital equipment used to make solar panels.

A California mom accused of dropping her 7-month-old baby to his death from a hospital parking structure was due in court on Monday for her arraignment on murder charges.

California lawmakers rejected a bill on Monday that would have disincorporated Vernon, a small city near Los Angeles where excessive salaries of some officials attracted the attention of investigators.

Michael Jackson would have turned 53 on Monday if not for his untimely death on June 25, 2009.

Nick Nolte is joining the cast of Gangster Squad, TheWrap has confirmed.

Star bond fund manager Jeffrey Gundlach was in discussions to leave Trust Company of the West and succeed Bill Gross at Pacific Investment Management in 2009, according to court testimony.

Blyk, a pioneer in the mobile-telephone advertising business, said on Tuesday it has appointed its chief commercial officer, Eric Kip, to take over as chief executive, replacing co-founder Pekka Ala-Pietila.

Fitch Ratings settled a lawsuit in which the largest U.S. public pension fund alleged that Fitch and other credit ratings agencies assigned unreasonably high ratings to special investment vehicles, according to a court document filed on Friday.

Maple Group's plan to acquire TMX Group is on track, despite a retreating share price for the Toronto Stock Exchange operator.

While Lady Gaga and Katy Perry rocked at the 2011 MTV Video Music Awards on Sunday night, they have also been blacklisted in China, finding themselves on a new banned list of artists for their vulgar lyrics.

Lowe's Cos , the world's second-largest home improvement chain, said on Monday that three senior executives had left the company as part of a management shake-up aimed at improving its U.S. operations.

Hewlett-Packard said on Monday it prefers to spin off its personal computers unit and is currently working on understanding the larger implications of separating the business from the company.

U.S. airlines scrambled to put their operations back together in the U.S. Northeast on Monday following Hurricane Irene and braced for a financial hit from extensive storm-related cancellations.

Boeing Co will give an update Tuesday on its plans to revamp its best-selling 737 aircraft in a bid to fight off challenges from European rival Airbus, according to people with knowledge of the matter.

Thousands of Washington lobbyists are scrambling to influence the work of a congressional super committee given the job of identifying up to $1.5 trillion in deficit reductions, with many worried about how to gain access to its 12 members.

Stocks soared more than 2 percent in a broad rally on Monday as a merger between two big Greek banks provided a rare bit of encouraging news out of debt-stricken Europe.

U.S. airlines scrambled to put their operations back together in the U.S. Northeast on Monday following Hurricane Irene and braced for a financial hit from extensive storm-related cancellations.