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- Merck to buy cancer drug developer Peloton for $1.05 billion in cash
Tue, 21 May 2019 06:56:02 -0400
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
Tue, 21 May 2019 06:53:50 -0400
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
Tue, 21 May 2019 06:48:03 -0400
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
Tue, 21 May 2019 06:43:16 -0400
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 little because it was already prepared for U.S. action.
- Huawei senior executive working with Google to counter U.S. ban
Tue, 21 May 2019 06:42:59 -0400
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
Tue, 21 May 2019 06:38:42 -0400
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
Tue, 21 May 2019 06:36:52 -0400
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 sanctions pressure.
- Home Depot same-store sales misses on cold weather, weak lumber prices
Tue, 21 May 2019 06:34:58 -0400
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 in February and a steep fall in lumber prices.
- Airbus pledges boxers' counter-punch to new Boeing mid-jet
Tue, 21 May 2019 06:33:36 -0400
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 with two of its existing models.
- Some major Deutsche Bank investors want chairman to go early: sources
Tue, 21 May 2019 06:31:13 -0400
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.
- Tesla stock worth just $10 in worst case: Morgan Stanley
Tue, 21 May 2019 06:22:33 -0400
Further falls in Tesla Inc's share price increase its chances of being sold in the years ahead, Morgan Stanley analysts said on Tuesday, as they slashed their worse-case scenario for the electric car producer to just $10.
- Exclusive: A delicate balance - Toyota took care to make offering to U.S. before China deals
Tue, 21 May 2019 06:19:21 -0400
Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning.
- Factbox: Investments by automakers in the U.S. and China since Trump came to power
Tue, 21 May 2019 06:19:21 -0400
Major automakers have announced a slew of investments in the United States since President Donald Trump took office in January 2017 and exerted pressure on the industry to create more U.S. jobs.
- Self-driving trucks begin mail delivery test for U.S. Postal Service
Tue, 21 May 2019 06:06:47 -0400
The U.S. Postal Service on Tuesday started a two-week test transporting mail across three Southwestern states using self-driving trucks, a step forward in the effort to commercialize autonomous vehicle technology for hauling freight.
- Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope
Tue, 21 May 2019 06:05:01 -0400
From submitting their fingerprints to giving up their tax records, Wells Fargo & Co's next chief executive will go through a vetting process that could rival that of top U.S. government officials.
- Sanctions bill on Nord Stream 2 coming soon: U.S. energy secretary
Tue, 21 May 2019 05:54:02 -0400
United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the "not too distant future".
- Kremlin criticizes new U.S. pledge to sanction Nord Stream 2 pipeline
Tue, 21 May 2019 05:53:33 -0400
The Kremlin said on Tuesday that U.S. sanctions on Russia's Nord Stream 2 pipeline to Germany would be an act of unfair competition that would be seen as unacceptable in Moscow and some European capitals.
- China rebuffs Trump claim U.S. tariffs are making firms leave
Tue, 21 May 2019 05:43:56 -0400
Foreign investors remained enthusiastic about China, the foreign ministry said on Tuesday, following U.S. President Donald Trump's claim that his tariffs are causing companies to move production away from the world's second largest economy.
- U.S., China need to reverse course in trade row to help economy: OECD
Tue, 21 May 2019 05:03:38 -0400
Economic growth in China and the United States could be 0.2-0.3% lower on average by 2021 and 2022 if the two countries do not row back on tit-for-tat tariffs in their dispute that has dampened the global economic outlook, the OECD said on Tuesday.
- Global stocks gain as U.S. eases Huawei restrictions
Tue, 21 May 2019 04:57:55 -0400
Stocks markets gained on Tuesday, with chipmakers and stocks exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China's Huawei.