GlaxoSmithKline fires executive who raised race complaint in South Africa: Bloomberg

Britain's biggest drugmaker, GlaxoSmithKline Plc, fired an executive from its South African unit for refusing to appear for a performance review, which was called a week after he complained of racial discrimination in the workplace, Bloomberg reported, citing company documents.

Staff fear the chop in Samsung Electronics annual reshuffle

Insiders say staff at Samsung Electronics have never been so anxious ahead of the annual reshuffle, as a weak smartphone performance and its worst earnings in three years are expected to cost many jobs.

Germany backs Blackberry's purchase of Secusmart

Germany has approved Canadian smartphone maker Blackberry's (BB.TO) planned acquisition of Secusmart, the encryption technology of which is used to protect the mobile devices of top politicians including Chancellor Angela Merkel.

Blackrock cut stake in Italy's Banco Popolare to 4.9 percent: filing

U.S. investment firm Blackrock (BLK.N) has lowered its stake in Italian cooperative bank Banco Popolare (BAPO.MI), according to a regulatory filing on Friday which showed a holding of 4.91 percent as of Nov. 21.

E.ON sells majority in U.S. wind farms to Enbridge

German utility E.ON (EONGn.DE) agreed to sell an 80 percent stake in two wind farms in the United States to Canada's Enbridge (ENB.TO), as the group continues to rake in much-needed cash by building and selling pricey renewable assets.

Songbird Estates says worth $4.4 billion, more than takeover offer

Songbird Estates (SBDE.L), the majority owner of London's Canary Wharf, said an upturn in property markets means it is now worth 2.82 billion pounds ($4.42 billion), more than the takeover offer from Qatar Investment Authority (QIA) and Brookfield Property Partners (BPY.N).

Medtronic wins conditional EU approval for $43 billion Covidien buy

U.S. medical device maker Medtronic (MDT.N) gained European Union regulatory approval on Friday for its $43 billion takeover of Covidien Plc (COV.N) after agreeing to sell its Irish rival's drug-coated balloon catheter business.

Wal-Mart cuts dozens of China executives to cut costs

Wal-Mart Stores Inc said it has cut more than 20 mid-level jobs in China as part of its effort to lower costs in the world's second largest economy where it has been grappling with slower sales and tough price competition.

Banking tricks blunt China's drive to increase lending

China hopes that last week's interest rate cut will increase lending into the economy to shore up flagging growth, but measuring any rise will be impeded by a number of tricks the country's bankers use to manipulate the figures.

Airbus could shed full Dassault stake by end of 2015: sources

Airbus Group and Dassault Aviation aim to oversee the complete sale of Airbus's 4.8 billion-euro stake in the French planemaker by the end of next year, two people familiar with the matter said.

French regulator approves Numericable-Virgin deal

France's competition watchdog said on Thursday it had given its go-ahead to Numericable's purchase of Virgin Mobile France. Numericable, which is also in the process of buying number 2 mobile operator SFR, agreed in June to buy Virgin Mobile France from owners Britain's Carphone Warehouse and entrepreneur Richard Branson's Virgin Group for an enterprise value of 325 million euros.

Poor performance catching up with active stock fund managers

Stock-picking fund managers are testing their investors’ patience with some of the worst investment returns in decades. With bad bets on financial shares, missed opportunities in technology stocks and too much cash on the sidelines, roughly 85 percent of active large-cap stock funds have lagged their benchmark indexes through Nov. 25 this year, according to an analysis by Lipper, a Thomson Reuters research unit. It is likely their worst comparative showing in 30 years, Lipper said.

Toyota recalls more cars for dangerous Takata air bags

Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained.

Low food inflation tightens squeeze on Europe's grocers

Subdued food price inflation in Europe is unlikely to pick up any time soon, adding to the pressure on mainstream grocers as they struggle with changing shopping habits and competition from discounters.

WTO clinches first global trade deal in its history

The World Trade Organization adopted the first worldwide trade reform in its history on Thursday, after years of stalemate, months of deadlock and a final day's delay following an eleventh-hour objection.

Barclays says its Swiss private bank drops out of U.S. tax deal

Barclays' private bank in Switzerland has dropped out of a U.S. program aimed at cracking down on wealthy Americans evading taxes through hidden offshore accounts, the British bank's market head for Switzerland said on Thursday.

Oil prices tumble after OPEC refrains from cuts

Oil prices, oil-related shares and oil-linked currencies all tumbled in Asia on Friday, in the wake of OPEC's decision to refrain from cutting output despite a huge oversupply.

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