Kaufhof CEO Olaf Koch, in an interview, said the company is doing well and not considering mergers. Kaufhof, the German department store chain, is doing well but its owner Metro is planning to sell it.

Consumer goods conglomerate PepsiCo appoints new AMEA CEO in Sanjeev Chadha. PepsiCo Inc, the US based softdrink giant had announced its appointment of its new CEO for Asia, Middle East and Africa, Sanjeev Chadha to be made effective immediately.

A source told Reuters that US Federal Reserve Vice Chair Janet Yellen was still the top choice to succeed Chairman Ben Bernanke in January.

Pope Francis condemned the global economic system for idolizing money. In a visit to the port city of Cagliari, Sardinia, Pope Francis attacked the global economic system.

According to an article for Reuters, the banks' notion of capital being the US economy's savior was a farce.

In a company-wide employee meeting Thursday, Microsoft Chief Executive Officer Steve Ballmer made his final farewell with songs, dances and quips against the company's rivals.

Bob Diamond, the former CEO of Barclays, said he planned to purchase more Barclays shares in the bank's rights offering.

Former BASF SE executive Wolfgang Buechele would be replacing Linde AG current chief executive Wolfgang Reitzle next year, said the German company in a statement.

In a interview at a Harvard fundraising campaign, Microsoft chairman and founder Bill Gates admitted that the keyboard combination of Control, Alt and Delete keys to log into a PC was a mistake and should had only been one key.

According to a Bloomberg report, major shareholders like Twitter co-founder Evan Williams would stand to see a rise in the valuation of their shares in the microblogging service after Twitter's IPO.