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Apple's iPhone sales beat Street but iPad volumes slide

SAN FRANCISCO - Apple Inc forecast a strong holiday quarter after a better-than-expected 16 percent jump in iPhone sales, and the strongest growth in Mac computer shipments in years helped the company surpass Wall Street's targets.

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Valeant says may raise Allergan bid; beats on profit

- Valeant Pharmaceuticals International Inc VRX.TO VRX.N said on Monday that it may raise its bid for Botox maker Allergan Inc AGN.N after the Canadian company posted a better-than-expected quarterly profit.

12:50pm EDT

Top Allergan holder Paulson urges deal with Shire: sources

- Allergan Inc shareholder Paulson & Co is urging the Botox maker to merge with specialty pharmaceutical company Shire Plc as an alternative to a deal with hostile bidder Valeant Pharmaceuticals International Inc , according to two people familiar with the matter.

1:55pm EDT

UPS says U.S. rates to rise 4.9 percent as of December 29

CHICAGO - Package delivery company United Parcel Service Inc said on Monday that rates for its services within and between the United States, Canada and Puerto Rico will rise by an average of 4.9 percent as of the end of the year.

4:55pm EDT

IBM ditches 2015 operating EPS target, shares slump 7 percent

- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. | Video

Tech, Media 5:54pm EDT

Toyota recalls 247,000 vehicles in U.S. over Takata air bags

DETROIT - Toyota Motor Corp recalled 247,000 cars, SUVs and pickup trucks in the United States on Monday because of potentially defective front passenger air bag inflators from Japan's Takata Corp that can rupture and spray metal shrapnel, according to U.S. safety regulators.

4:58pm EDT

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What could be sweeter than sugar?

The top sugar brand in the United States, Domino Sugar, has announced it is joining the diet bandwagon by launching a no-calorie, "natural" sweetener line extracted from Paraguay's stevia plant.