Plunging crude prices hammer energy companies

NEW YORK (AP) — A decision by OPEC not to cut oil production is hammering major energy companies in the U.S. and abroad.
Namibia votes in election favoring ruling party

Nambians queue to cast their votes in the country's elections near Rundu, Namibia, Friday, Nov. 28, 2014. The southern African nation of Namibia on Friday voted in parliamentary and presidential elections expected to deliver a comfortable win for the ruling party, which has been in power since independence in 1990. (AP Photo/Dirk Heinrich)JOHANNESBURG (AP) — The southern African nation of Namibia on Friday voted in parliamentary and presidential elections expected to deliver a comfortable win for the ruling party, which has been in power since independence in 1990.



Cameron tells EU - let us curb migrant welfare, or risk UK leaving

Britain's Prime Minister Cameron delivers a speech at a UK Investment Summit in Newport, south WalesBy Kylie MacLellan and Andrew Osborn ROCESTER, England (Reuters) - Prime Minister David Cameron hinted on Friday he might recommend a British exit from the European Union if it stops him restricting EU migrants' access to UK welfare benefits, but said he was confident it would not come to that. In a speech designed to breathe new life into his campaign for re-election next May, Cameron set out a detailed blueprint for limiting EU migrants' access to benefits like tax credits and housing. ...



Hospital says Pele's condition is improving

FILE - In this Nov. 19, 2008 file photo, Brazil's soccer great Pele greets supporters prior to a friendly soccer match, in Brasilia, Brazil. A Brazilian hospital says Pele has been transferred to a "special care" unit to be monitored while being treated for a urinary infection. The Albert Einstein hospital in Sao Paulo, said in a statement Thursday. Nov. 27, 2014, that the 74-year-old Pele was transferred to a quieter wing. (AP Photo/Silvia Izquierdo, File)SAO PAULO (AP) — A Brazilian hospital says Pele's condition is improving as he undergoes temporary kidney treatment in an intensive care unit.



ECB's Nouy says banks must show they can make profits

Nouy, chair of the Supervisory Board of the European Central Bank speaks at a Thomson Reuters newsmaker event in LondonLONDON (Reuters) - Euro zone banks that failed or scrapped through this year's health checks will have to demonstrate they can make sustainable profits and may need to sell off loss-making units, the European Central Bank's top banking supervisor said.





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