NEW YORK -- The U.S. International Trade Commission ruled Tuesday that certain of

Apple's

(AAPL) - Get Report

iPod and iPad devices violated a patent held by rival

Samsung

.

The victory for Samsung means a ban on imports of Apple's iPhone 4 and a variant of the iPad 2.

Because the devices are assembled in China, the import ban would end Apple's ability to sell them in the U.S.,

The Associated Press

reported.

The ruling from the ITC could be vetoed by President Obama, who has 60 days to invalidate Tuesday's order.

Apple said it would appeal the ruling.

Gundlach: Apple Should Go to $500 'Fairly Easily'

Amazon.com

(AMZN) - Get Report

is planning a major roll-out of an online grocery business that it has been quietly developing for years,

Reuters

reported, citing two people familiar with the situation.

One of the people familiar with AmazonFresh's expansion plans told

Reuters

that new warehouses will have refrigerated areas for food, but also space nearby to store up to 1 million general merchandise products, in some cases.

The company has been testing AmazonFresh in its hometown of Seattle for at least five years,

Reuters

noted.

IBM

(IBM) - Get Report

is buying cloud computing company

SoftLayer Technologies

, which has 13 data centers in the U.S., Asia and Europe, for an undisclosed amount.

Reuters

had reported in March that IBM was among several suitors for SoftLayer in a deal that could go for more than $2 billion.

The acquisition is expected to be completed in the third quarter.

Homebuilder

Hovnanian

(HOV) - Get Report

is expected by analysts to report on Wednesday a fiscal second-quarter loss of 5 cents a share on revenue of $408.6 million.

Brown-Forman

(BFB)

, the maker of Jack Daniels whiskey, is forecast to report fiscal fourth-quarter earnings of 46 cents a share on revenue of $861.7 million.

5 Stocks Set to Soar on Bullish Earnings

-- Written by Joseph Woelfel

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Joseph Woelfel

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