Euro-Area Unemployment Rate Rises to Record 11.8%

The euro-area jobless rate rose to a record in November as the fiscal crisis and tougher austerity measures deepened Europe’s economic troubles.

Job Cuts Are About Finding Right Balance, Says Soerensen
56:34 - Novo Nordisk A/S plans to trim about 1,000 jobs, or 2 percent of the workforce at the world’s biggest maker of insulin, to cut costs as it faces increasing competition and resistance to high prices for diabetes products in the U.S. Most cuts will be in research and development units and staff functions at its headquarters, as well as in the global commercial organization, the Bagsvaerd, Denmark-based company said in a statement on Thursday. CEO Lars Soerensen discusses with "On the Move" host Guy Johnson.
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