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.
Drivers at a Louisville facility of FedEx Corp's trucking unit voted on Wednesday against union representation, dealing a blow to a concerted effort by the Teamsters to unionize the Memphis-based company.
Failure to reform and shield weaker members threatens to divide the euro zone, the head of the European Central Bank warned on Thursday, amid fresh signs the currency bloc's economy is losing speed.
Japanese Economics Minister Akira Amari said on Friday that consumer prices are basically flat as a decline in oil prices has been slowing inflation.
China Railway Construction Corp (601186.SS) (1186.HK) has signed a deal worth nearly $12 billion with Nigeria to build a railway along the West African nation's coast, Chinese state news agency Xinhua said on Thursday.
Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low.
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 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.
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.
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 (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).
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 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.
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 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.
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.
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 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.
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.
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' 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, 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.
- Germany backs Blackberry's purchase of Secusmart
- Blackrock cut stake in Italy's Banco Popolare to 4.9 percent: filing
- E.ON sells majority in U.S. wind farms to Enbridge
- Songbird Estates says worth $4.4 billion, more than takeover offer
- Medtronic wins conditional EU approval for $43 billion Covidien buy
- Airbus could shed full Dassault stake by end of 2015: sources
- Crimeans should pay back loans to Ukrainian banks: Russia
- Chinese team arrives in Liberia to staff Ebola clinic
- Putin says Russia won't demand early repayment of $3 billion lent to Ukraine
- From Monet to Picasso, L.A. museum gets major gift from mogul
- Ebola crisis highlights China's philanthropic shortfall
- Dallas Zoo sells rights to name baby giraffe for $50,000
- Barclays says its Swiss private bank drops out of U.S. tax deal
- Ridesharing firm Uber suspends operations in Nevada
- French regulator approves Numericable-Virgin deal
- FedEx Freight workers in Louisville vote against union membership
- British lawmakers urge EU to stop Sri Lanka trade perks if UN probe not given access
- Ackman's Pershing Square sees big payoff from Allergan deal
- ECB Draghi: Relationship of financial fragmentation and monetary policy & the Eurosystem’s collateral framework
- Weekly Economic Recap: US Growth performance in line with projections; UK Growth and inflation forecasts lowered; Japan GDP data takes centre stage
- Economics Monitor
- Entrepreneur, 13, gets Intel funding for low-cost Braille printer
- PepsiCo President Zein Abdalla to retire
- Bank of Japan Governor Haruhiko Kuroda's speech in Tokyo Ensures Achievement of the Price Stability Target of 2 percent through QQE
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