Tesco cuts profit outlook again and suspends staff after accounting error

LONDON - Accounting mistakes in supplier contracts forced Tesco to suspend its UK boss along with three other senior executives and cut its profit outlook for the third time in two months, dealing another major blow to the world's No. 3 retailer. | Video

Recent Business News

Valls tells Germans France isn't EU's 'sick child'

BERLIN - France's Manuel Valls used his first visit to Berlin as prime minister on Monday to try to convince Germany his government is serious about making its economy more competitive, declaring that France "is not the sick child of Europe". | Video

G20 6:37pm BST

French court rules UBS must deposit 1.1 billion euros in tax probe

PARIS/ZURICH - Swiss bank UBS is to appeal against a French court ruling on Monday demanding payment of a 1.1-billion-euro (865.87-million-pound) guarantee to cover potential fines if it is found guilty of helping rich French customers avoid tax.

5:34pm BST

Germany's Merck to buy Sigma-Aldrich for $17 billion to boost lab supplies operation

FRANKFURT - Drugs and chemicals maker Merck KGaA agreed on Monday to acquire U.S.-based Sigma-Aldrich Corp for $17 billion (10.41 billion pounds) in cash to boost its lab supplies business, the biggest takeover in the German group's history.

5:59pm BST

Boeing executive says will only hike jet output if sustainable

ISTANBUL - Boeing sees strong demand for its 737-family jets over and above its existing plans to increase production by 12 percent by 2017 but would only revise up its goals if they can be sustained, a senior executive said on Monday.

Air France strike crisis deepens as both sides dig in

PARIS - A bitter Air France labour dispute deepened on Monday as management pledged to press ahead with its low-cost airline ambitions and pilots said that an eight day-old strike over the proposals would continue indefinitely as a result.

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