U.S. auto demand roared ahead, up 9% over a year earlier, thanks to healthy summer sales incentives and strong demand for sport-utility vehicles that pushed the annualized selling pace above 16 million cars and light trucks for a fifth straight month.
Canada's government-owned rail-passenger service, VIA Rail Canada, said one of its trains struck a derailed Canadian National Railway Co. train in eastern Ontario on Friday, disrupting service in the busy Toronto-Montreal rail corridor.
The Federal Communications Commission has proposed banning wireless companies from teaming up to bid at next year's spectrum auction, a move that appears aimed at discouraging a Sprint bid for T-Mobile US.
Microsoft Corp. said it has sued Samsung Electronics Co., claiming its rival violated a patent-licensing contract. The dispute involves technology included in Android, Google Inc.'s operating system for mobile phones and tablets.
Allergan filed a lawsuit claiming Valeant Pharmaceuticals, investor William Ackman and his firm Pershing Square violated securities laws prohibiting insider trading, among other things, in the companies' takeover battle.
The dramatic fall of troubled Portuguese conglomerate Espírito Santo International SA, which has hit hard the country's second-largest bank by assets, continued to create a cascade of creditor-protection filings by related entities.