Tesco Probes Accounting Error

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Tesco has suspended four senior executives and called in outside auditors and legal counsel to investigate the overstatement of the U.K. supermarket operator's profit forecast.

Railways Reshape Crude Market

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Initially conceived of as a stopgap measure until pipelines could be constructed, shipping crude by rail has become a permanent part of the nation's energy infrastructure.

Germany's Merck to Buy Sigma-Aldrich

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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.

GM Ignition Switch Death Toll Rises to 21

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The General Motors faulty ignition-switch death toll increased to 21 as compensation expert Kenneth Feinberg began providing weekly updates of the compensation claims he has determined to be legitimate.

Ultrasonic Ex-CEO Denies Taking Funds

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Former Ultrasonic CEO Wu Qingyong said he had lost his cellphone while in the Philippines for medical treatment and that he hadn't absconded with the footwear maker's funds.

Des Moines Register Adds a Bit of Virtual Reality to News Report

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The Des Moines Register on Monday will publish its first virtual-reality news report, incorporating the technology of Oculus VR, computerized game platforms and 360-degree cameras.

Rockefeller Fund Seeks to Shed Fossil-Fuel Investments

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The Rockefellers, whose family fortune sprung from oil, said Monday that their fund is working on a plan to divest itself of fossil-fuel interests.

Auxilium Sticks With QLT's Merger Deal

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Auxilium Pharmaceuticals Inc. said Monday its board has determined that Endo International PLC's unsolicited acquisition proposal isn't superior to its existing merger agreement with QLT Inc.

AT&T-Chernin Venture to Buy Fullscreen Stake

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Otter Media, a joint venture between AT&T Inc. and media company Chernin Group, agreed to acquire a majority stake in YouTube video producer Fullscreen Inc.

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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