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Bausch & Lomb said it settled a lawsuit against its competitor Pfizer Inc. after Pfizer agreed to take TV ads for its Visine eye-care product off the air. But Pfizer defended the ads, saying they contained accurate information. . . . Integrated Health Services Inc. of Maryland said it agreed to buy Florida-based RoTech Medical Corp. for about $915 million in stock and assumed debt. . . . The 185,000 Teamsters workers at United Parcel Service have begun voting on whether to call a strike if a new contract isn’t reached by July 31. Negotiations were scheduled to resume today. . . . Sweden’s Autoliv said it would form a jointly owned company with Automotive Technologies International Inc. of Detroit to produce ATI’s “smart” air bags.

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