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.

Obama plan to 'Power Africa' gets off to a dim start

Barack Obama last year told a cheering crowd in Cape Town that a $7 billion plan to "Power Africa" would double electricity output on the world's poorest continent and bring "light where currently there is darkness".

EU should be able to veto national budgets: Germany's Schaeuble

The European Commission should be able to veto national budgets if they breach the European Union's common fiscal rules, German Finance Minister Wolfgang Schaeuble said on Friday.

Fed's latest invention holds promise for controlled rate rise

The Federal Reserve's latest market proposal could help it smoothly raise interest rates and bring far more banks into direct contact with the U.S. central bank in a way that another tool, unveiled last year, could not.

Inside OPEC room, Naimi declares price war on U.S. shale oil

Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.

U.S. Black Friday shopping marked by thinner crowds, protests

Mall crowds were relatively thin on Black Friday in a sign of what has become the new normal in U.S. holiday shopping: the mad rush is happening the night of Thanksgiving and more consumers are picking up deals online.

As energy shares tumble, opportunity lurks

Shale stocks have been hard-hit as investors see margins all but evaporating following the slide in crude oil prices, but the U.S. shale energy boom is not over.

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.

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