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Business News on November 26, 2011


Mayawati says FDI in retail in favour of Rahul Gandhi's foreign friends
Uttar Pradesh Chief Minister Mayawati on Saturday accused the government of going ahead with the proposal of allowing 51 percent foreign direct investment in retail to favour the foreign friends of Congress party's general secretary Rahul Gandhi. ANI

PM meets private airline chiefs, takes stock of aviation sector's poor financial health
Top bosses of private airlines met Prime Minister Manmohan Singh on Saturday to seek the government's help for the cash-strapped aviation industry, including rationalisation of taxes on jet fuel. ANI

Lachlan Murdoch accused of being present during News Corp's 'vote deal' with ex- Oz senator
A former Australian senator, who claimed that a News Corp executive offered him favourable newspaper coverage if he crossed the floor on a vote of financial interest to the company, has revealed that Rupert Murdoch's eldest son, Lachlan was present at the meeting. ANI

Mercedes-Benz to discontinue Maybach brand
German firm Daimler AG has decided to discontinue its Maybach ultra-luxury cars after failing to find a fix for their dwindling sales and lack of profitability. ANI

China's economy to grow at 8.5 percent in 2012: Govt Think Tank
China's economy is expected to grow at 8.5 percent in 2012, which is a slower pace than in 2011, a government think tank has predicted. ANI

Archean Star (TSXV:ASP) Announces Addition of Jeffrey Williams to Board of Directors - Video Summary Posted on www.InvestmentPitch.com
Vancouver, British Columbia, November 25, 2011 - Archean Star (TSXV:ASP) announced that Jeffrey Williams has joined their Board of Directors, subject to approval by the TSX Venture Exchange.InvestmentPitch.com has produced a ""video news alert"" about Archean Star. If this link is not enabled, please visit www.InvestmentPitch.com and enter ""Archean Star"" in the search box ACN Newswire

Silver-Investor.com's David Morgan Interviews Bahman Yamini, President & CEO of Canasil Resources (TSXV:CLZ) - Video Posted on www.InvestmentPitch.com
Vancouver, British Columbia, November 25, 2011 - Silver-Investor.com's David Morgan interviews Bahman Yamini, President & CEO of Canasil Resources (TSXV:CLZ) (Frankfurt:3CC) at the Silver Summit Conference in Spokane, Washington.InvestmentPitch.com has posted this interview on its website. If this link is not enabled, please visit www.InvestmentPitch ACN Newswire

Online Retail Sales Spike on Thanksgiving and Black Friday 2011; Mercent eCommerce Performance Index Shows 23% Growth Over 2010
Mercent™, a leading technology company that enables retailers to profitably reach and convert more shoppers online, today released its Mercent Retail eCommerce Performance Index™ (MEPI) for Thanksgiving Day and Black Friday 2011 MarketWire

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