IBT Staff Reporter

U.S. employers cut only 11,000 jobs last month, the best showing in nearly two years, and the jobless rate edged down to 10 percent, a strong suggestion the jobs market was edging toward health.

U.S. employers cut a far fewer-than-expected 11,000 jobs in November, the smallest decline since the start of the recession in December 2007, government data showed on Friday, strongly suggesting the deterioration in the labor market was in its final stages.

Virtua's Miller said he first became interested in GE's consulting capabilities when Immelt visited during his time running GE's health care arm, before becoming CEO in 2001.

U.S. employers cut a far fewer-than-expected 11,000 jobs in November, the smallest decline since the start of the recession in December 2007, government data showed on Friday, strongly suggesting the deterioration in the labor market was in its final stages.

In a sharp move three days after replacing Chief Executive Fritz Henderson, General Motors Co Chairman and Chief Executive Officer Ed Whitacre is expected to announce a management shake-up on Friday that includes reassigning Vice Chairman Bob Lutz, the Wall Street Journal reported.

Boeing Co is urging airlines to carry out a major retrofit on over 220 of its 777 jets in the light of a series of potentially dangerous incidents of overheating and chronic structural damage to engine parts, the Wall Street Journal reported.

U.S. firearms maker Smith & Wesson Holding Corp's quarterly results beat analysts' estimates, but forecast weak third-quarter revenue as it expects demand for firearms to normalize, sending shares down 13 percent in trading after the bell.

Christie's is confident the recession is well and truly over in the world of fine art, with a record old masters sale in London next week that includes important works by Rembrandt, Raphael and Il Domenichino.

Korean Air said on Friday it would purchase five Boeing 747-8 Intercontinental jetliners worth $1.5 billion at list prices in a potentially key deal for the successor to the jumbo jet.

B.J. Kang may be the most feared man on Wall Street.

Love living it up on holiday as much as the environment? Now you don't have to sacrifice your green credentials, with an advisory group naming the world's top environmentally friendly luxury hotels.

The dollar held steady against a basket of major currencies on Friday as investors waited for the U.S. government's monthly employment report to offer clues to the potential pace of tightening in U.S. monetary policy.

Canada's economy added far more jobs than expected in November, more than erasing the losses in October and suggesting a recovery is in the making.

Korean Air (003490.KS) said on Friday it would purchase five Boeing (BA.N) 747-8 Intercontinental jetliners worth $1.5 billion at list prices in a potentially key deal for the successor to the jumbo jet.

European shares fell for a second straight session on Friday, led down by weak financial stocks, with trading volumes low as investors remained cautious ahead of keenly watched U.S. payrolls data later in the session.

Caution ahead of a key jobs report from the United States weighed on banks and other cyclical stocks, pushing Britain's FTSE 100 .FTSE share index 0.5 percent lower by midsession on Friday.

U.S. stock index futures were slightly higher on Friday ahead of the key monthly jobs report for November.

The dollar held steady against a basket of major currencies on Friday as investors waited for the U.S. government's monthly employment report to offer clues to the potential pace of tightening in U.S. monetary policy.

Engineers at Airbus and Boeing are racing against the clock to carry out long-awaited test flights and shore up ventures worth billions of dollars.

Caution ahead of a key jobs report from the United States weighed on banks and other cyclical stocks, pushing Britain's FTSE 100.FTSE share index 0.5 percent lower by midsession on Friday.

Oil prices fell for a third consecutive day on Friday, to below $76 a barrel, under pressure from high levels of inventories and nervousness ahead of the latest employment data from the world's top energy consumer, the United States.

Gold eased back toward $1,200 an ounce in Europe on Friday as a slight recovery in the dollar prompted traders to cash in gains after the previous day's run-up to record highs.

Boeing Co is urging airlines to carry out a major retrofit on over 220 of its 777 jets in the light of a series of potentially dangerous incidents of overheating and chronic structural damage to engine parts, the Wall Street Journal reported.

Federal prosecutors investigated Galleon Group hedge fund founder Raj Rajaratnam on suspicions of insider trading more than a decade before he was charged with securities fraud, the Wall Street Journal reported, citing legal filings.

U.S. stock index futures were slightly higher on Friday ahead of the key monthly jobs report for November.

U.S. stock index futures pointed to a flat open on Wall Street on Friday following the previous session's drop, as investors await all-important monthly jobs figures.

World stocks slipped slightly and the dollar was steady on Friday as investors waited for U.S. jobs data, the latest signal about how far the U.S. economy is recovering.

Goldman Sachs Chief Lloyd Blankfein is weighing plans to increase the share of compensation paid out in equity to executives in a bid to quell public anger over the probability of large pay-outs, the Financial Times said.

Japan's All Nippon Airways said it and fellow StarAlliance members United Airlines and Continental Airlines plan to apply for antitrust immunity to allow closer cooperation on transpacific routes.