Mergers and Acquisitions

Wal-Mart buys delivery logistics startup Parcel

Wal-Mart Stores said on Tuesday, it has acquired Parcel, a New York-based last-mile delivery startup, as the retailer seeks to better compete with e-commerce giant Amazon.com.

German court ends trial of nationalized bank's ex-CEO

A German court has ended the trial of the former chief executive of Hypo Real Estate, a commercial property lender that was nationalized after it ran into trouble in 2008, in exchange for an 18,000-euro ($21,200) payment.

The Latest: Germany welcomes Siemens-Alstom merger

The Latest on the planned train-making merger between Siemens and Alstom (all times local): 1:25 p.m. Siemens and Alstom say they aim to save 470 million euros ($554 million) a year by joining forces in a European train-making giant — and they're playing down that that means job cuts.