Merck to buy cancer drug developer Peloton for $1.05 billion in cash

Merck & Co Inc said on Tuesday it would buy Peloton Therapeutics Inc for $1.05 billion in cash to gain access to the privately held company's renal cancer drug candidate. ...

Italy's Prada to ditch some wholesalers to support full-price sales

Italian luxury goods group Prada said it would shrink its wholesale network in Italy and Europe in a push to have uniform prices for its products across different outlets and reduce markdowns. ...

Oil edges up on escalating U.S.-Iran tensions, supply outages

Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that OPEC producers will continue to curb supply this year. ...

U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firm

The United States has temporarily eased trade restrictions on China's Huawei to minimize disruption for its customers, a move the founder of the world's largest telecoms equipment maker said meant ...

Huawei senior executive working with Google to counter U.S. ban

Chinese telecoms equipment maker Huawei is working closely with Google to resolve restrictions imposed by the United States last week, a senior Huawei executive said on Tuesday. ...

U.S. garlic growers profit from trade war as most farmers struggle

Unlike millions of other U.S. farmers, garlic growers are profiting from the trade war with China and have cheered President Donald Trump's latest economic attack accordingly. ...

Hundreds of foreign companies attend North Korea trade fair despite sanctions

An international trade fair in North Korea this week may be the largest such event on record, analysts said on Tuesday, with hundreds of Chinese and other foreign vendors taking part despite sancti...

Home Depot same-store sales misses on cold weather, weak lumber prices

Home Depot Inc reported its slowest growth in quarterly same-store sales in at least three years on Tuesday and missed Wall Street estimates, as the home improvement chain was hurt by poor weather ...

Airbus pledges boxers' counter-punch to new Boeing mid-jet

Airbus held out the prospect of a clash over prices to counter any decision by Boeing to launch a new aircraft in the middle of the jet market, by promising a "left hook, right hook" counter-punch...

Some major Deutsche Bank investors want chairman to go early: sources

At least three major investors in Deutsche Bank want Chairman Paul Achleitner to step down early amid discontent with the bank's turnaround, two people with knowledge of the matter said on Tuesday....