IBT Staff Reporter

Stocks rallied on Monday, snapping a three-day losing streak, as a spurt of corporate takeovers in the technology and health-care sectors fueled optimism about share values.

A small but growing number of women with breast cancer are choosing to have the unaffected breast removed in an effort to prevent a recurrence, researchers reported Monday.

A U.S. appeals court on Monday reinstated an Alaska lawsuit against Altria Group Inc's Philip Morris USA by the survivor of a deceased smoker, saying her state product liability claims were not preempted by federal law and should have been tried in state court.

An Obama administration task force has so far cleared 75 of the remaining 223 Guantanamo prisoners for release as part of its effort to close the detention camp, a military spokesman said on Monday.

Canada outperforms the United States in health outcomes but is well behind global leaders like Japan in overall health of its population, a Canadian report released on Monday showed.

Warner Music Group Corp and YouTube are finalizing an agreement that would allow music videos from artists such as Madonna and Green Day to once again be featured on the popular website, according to sources close to the deal.

Students demonstrated at Tehran University against the government of President Mahmoud Ahmadinejad on Monday, a reformist website reported, more than three months after Iran's disputed presidential election.

A U.S. appeals court on Monday reinstated an Alaska lawsuit against Altria Group Inc's Philip Morris USA by the survivor of a deceased smoker, saying her state product liability claims were not preempted by federal law and should have been tried in state court.

Investors in a class-action lawsuit against Bank of America Corp over the Merrill Lynch & Co takeover are trying to collect billions of dollars in damages, Ohio's attorney general said on Monday.

U.S.-listed solar shares sank on Monday, cutting into gains earlier this month as investors feared Germany's new coalition government could trim support for the industry.

Exelon Corp, the largest nuclear power operator in the United States, on Monday became the latest U.S. power company to say it will leave the Chamber of Commerce over that group's opposition to the climate bill.

Oil rose more than 1 percent toward $67 a barrel on Monday as U.S. equities jumped and news emerged that Iran was test-firing missiles.

The International Monetary Fund will increase its forecast for global growth next year in the next few days to account for a faster recovery in major economies, its deputy director said on Monday.

The world's two largest diversified healthcare companies struck deals on Monday that will propel them into vaccines, a red-hot area for investors because of the pandemic flu threat and potential high profits for preventing other diseases.

U.S. stocks rose on Monday, halting a three-day losing streak, as a spurt of corporate takeovers in the technology and healthcare sectors fueled optimism about share values.

Dollar's Rebalancing Woes; Deals Boost Stocks; Investors Sue BofA

Three decades after defying the odds and persuading Carlos Santana to try out his hand-built guitar, Paul Reed Smith's quest for perfect tone is still reeling in enthusiasts from all over the world.

Russia's carmaker AvtoVAZ (AVAZ.MM) plans to assemble Nissan's (7201.T) class 'B' cars at its production facilities by 2012, officials and sources at AvtoVAZ and local administration told Reuters on Friday.

The European Central Bank cannot maintain its current strong support of money markets forever, the bank's President Jean-Claude Trichet said on Monday.

U.S. stocks surged on Monday, as several merger deals bolstered investor confidence following three straight days of losses.

Volkswagen (VOWG.DE) and the IG Metall union have struck a wage deal for 95,000 staff in six western German plants that calls for a 4.2 percent pay rise plus one-off payments.

A pledge from Group of 20 leaders to bring the global economy back into balance is not seen as good for the dollar in the long run, underscoring its anemic performance in recent weeks.

Darren Ennis

New United Motor Manufacturing Inc (NUMMI), a joint venture between Toyota Motor Corp (7203.T) and the former General Motors Corp [GM.UL] in California, will shed its entire workforce of about 4,700 by next spring, the Nikkei business daily reported on Saturday.

Martin Roberts

Fertilizer maker CF Industries Holdings Inc said on Monday it has acquired a 7 percent stake in Terra Industries Inc in its latest move to buy the company.

Holley Performance Products, a maker of high-performance carburetors and automotive fuel-injection systems, filed for bankruptcy on Monday, its second filing in less than two years.

Filene's Basement has asked a federal judge to sign off on a deal that the bankrupt department store chain said would eliminate about $70 million in claims held by its former parent Retail Ventures Inc and by DSW Inc.

Norwegian browser maker Opera urged European Union antitrust regulators on Monday not to rush to close its antitrust case against Microsoft before ensuring a level playing field among browsers.