Air France Pilot Union Rejects Offer

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Air France's main pilot union rejected proposals from the management to end a strike that has disrupted air traffic for over a week.

Germany's Merck to Buy Sigma-Aldrich for $17 Billion

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German pharmaceutical company Merck said it would acquire U.S. firm Sigma-Aldrich for $17 billion, to strengthen its position in the life-science industry.

Ultrasonic's Ex-CEO Plans to Return Funds

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The German shoe maker said its former chief executive, who was dismissed last week amid allegations that millions of dollars had gone missing, has said he would return funds to the company.

Airbus Begins New Flight Trials

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Airbus Group plans to begin flight trials of its most successful new plane this week, with the first flight of the A320neo, for "new engine options," due to take place on Sept. 25.

Siemens Sells Joint Venture Stake

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German engineering group Robert Bosch will purchase Siemens AG's 50% stake in its household appliances joint venture for €3 billion ($3.85 billion).

Can Alibaba Keep Growing?

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The real success of Alibaba's IPO will depend on whether the e-commerce company can keep growing without sacrificing its high profit margins of more than 40%.

Siemens to Buy Dresser-Rand

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German engineering company Siemens announced a deal to acquire U.S. oil-equipment maker Dresser-Rand Group for $7.6 billion.

Hong Kong Tycoons Visit Beijing as Students Boycott Classes

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As students began a weeklong walkout to demand more democracy in Hong Kong, a group of the city's top tycoons was set to discuss its political future with leaders in Beijing.

Tesco Error Triggers Profit Warning

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Tesco PLC has issued its fourth profit warning in three years and said it is investigating why it overstated its most recent profit forecast by £250 million ($408.8 million).

German Amazon Workers on Strike

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Workers at five German Amazon.com logistics centers walked out in a two-day strike to support demands for a collective wage agreement, the Verdi labor union said.

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