IBT Staff Reporter

Pfizer Inc. agreed to buy privately held biopharmaceutical company Excaliard Pharmaceuticals for an undisclosed sum, to gain access to Excaliard's experimental skin scarring drug.

Jacobs Engineering Group Inc, a leading contractor in Canada's oil sands, sees the Keystone XL delay as a political decision, not technical, and expects the $7 billion pipeline will eventually be approved.

Netflix Inc's shares tumbled some 6 percent in premarket trading on Tuesday after it lowered its 2012 outlook leading several Wall Street analysts to cut their price targets for the online video and DVD rental company.

EU regulators investigating Apple Inc and Samsung Electronics over their patents dispute are worried intellectual property rights may be unfairly used by some firms against their rivals, the EU antitrust chief said on Tuesday.

The U.S.-imposed delay of TransCanada Corp's Keystone XL oil pipeline shows Canada's energy industry cannot relax efforts to improve its environmental record, a former top minister in Prime Minister Stephen Harper's government said on Monday.

Mitt Romney is still the leader in New Hampshire by a margin of more than 25 points, and he's the only candidate with an approval rating above 50 percent. He and Newt Gingrich are tied in terms of who voters think would do best in a debate against President Barack Obama, and they're also the only candidates whom a majority of voters consider presidential.

Campbell Soup Co , the world's largest soup maker, reported a higher-than-expected quarterly profit, helped by a fall in advertising and promotion expenses, and the company stood by its forecast for the fiscal year.

Medical device maker Medtronic Inc reported higher quarterly earnings on Tuesday as sales in most of its businesses improved.

Canada will immediately ban the export to Iran of all goods used in the petrochemical, oil and gas industry, as part of an international sanctions package, the government said on Monday.

It'll be the 26th time these two great rivals engage in battle when Roger Feder and Rafael Nadal meet at the O2 Arena, London, in their second group B round-robin match at the ATP World Tour Finals.

U.S. stock index futures pointed to a weaker open on Tuesday, putting the S&P on track for a fifth day of losses as persistent concerns over Europe and a weaker reading on economic growth kept investors on edge.

Manchester City will travel to San Paolo, on Tuesday, to face Napoli in a crunch Champions League group stage encounter.

The U.S. economy grew at a slightly slower pace than previously estimated in the third quarter, but weak inventory accumulation amid sturdy consumer spending strengthened views output would pick up in the current quarter.

Former UBS trader Kweku Adoboli, who is accused of unauthorized trading which the Swiss bank says has cost it some $2.3 billion, was remanded in custody Tuesday by a London court until December 20.

U.S. stock index futures were little changed on Tuesday as persistent concerns over Europe kept investors on edge after four days of market losses.

U.S. stock index futures were little changed on Tuesday as persistent concerns over Europe kept investors on edge after four days of market losses.

China's trade balance faces the risk of sliding into a deficit for the first time in two decades in 2012 as export demand in Europe and the United States slumps, an academic adviser to the central bank said on Tuesday.

The shortfall of commodity customer funds at MF Global Holdings Ltd may be around $1.2 billion, about double initial estimates from regulators, the trustee liquidating the company said on Monday.

Manchester United will welcome Portuguese giants Benfica at Old Trafford, in their Uefa Champions League group stage encounter.

U.S. stock index futures were higher on Tuesday, indicating a market rebound following four days of losses, although persistent concerns over Europe kept investors on edge.

Spain's Treasury paid the highest yields in 14 years to issue short-term bills on Tuesday, in a sign that a resounding election victory for the center-right People's Party on Sunday has done little to soothe investor nerves.

Ron Paul has surged in two recent polls of Iowa Republicans, challenging the front-runners and making it clear that he will be a contender in January's caucuses.

Australia's Qantas Airlines has been left red-faced after an ill-timed public relations campaign and Twitter competition backfired, drawing thousands of angry responses.

Stock index futures pointed to a mixed open on Wall Street on Tuesday following the previous session's sharp losses, with futures for the S&P 500 up 0.49 percent, Dow Jones futures up 0.21 percent and Nasdaq 100 futures down 0.17 percent at 0831 GMT.

By the time anyone bothered to look at the press release NBC put out Monday confirming Katy Perry's guest spot on Saturday Night Live Dec. 10 with musical guest Robyn, a tweet from the California Gurls singer about her not-ready-for-prime-time gig had gotten around pretty quickly.

U.S. regulators have informed Bank of America's board that the company could face public enforcement action if they aren't satisfied with recent steps taken to strengthen the bank, The Wall Street Journal said, citing people familiar with the situation.

Focus Media Holding Ltd , a U.S.-listed Chinese company, said a short-seller's report accusing it of overstating its assets was completely untrue, and it would make a statement refuting the allegations before U.S. markets open on Tuesday.

U.S. regulators have informed Bank of America's board that the company could face public enforcement action if they are not satisfied with recent steps taken to strengthen the bank, the Wall Street Journal said, citing people familiar with the situation.

Taiwan's Acer Inc, the world's No.4 PC vendor by sales, expects its recent integration with Founder Technology and increased brand acceptance to help grow its China sales by between 20-25 percent next year, said the firm's head of China operations.