The Italian luxury goods retailer saw net profit fall 28% as sales slumped in China and Europe.
The German sportswear firm outlined plan that includes making some of its goods in Europe rather than Asia.
The combined company, to be led by Heinz CEO Bernardo Hees, will have revenue of about $28 billion.
Suit seeks billions in compensation for losses relating to the British retailer's overstatement of profit last year.
The Japanese e-commerce giant looks to enter the American ebook market with this purchase.
Move follows 11 unprofitable quarters as firm failed to transform itself into mobile phone destination.
Tesco is to face another investigation into its relations with suppliers amid concerns of code breach.
The announcement comes just as the fast-food chain finished one of its toughest years in decades.
The soft drink giant reported a fall in earnings and sluggish revenue growth.
Ignition switch crisis dogs automaker after millions of vehicles were recalled in 2014.
