NEW YORK (Reuters) - U.S. stocks futures pointed to a sharply higher open on Friday after the government said employers cut far fewer jobs than expected in November, signaling a strengthening labor market.

  WASHINGTON (Reuters) - 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.

  LONDON/CHICAGO (Reuters) - Kraft Foods posted its offer document to Cadbury Plc shareholders on Friday, triggering a 9.8 billion pound ($16.3 billion) takeover fight for the British chocolate maker.

  DETROIT (Reuters) - 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.

  (Reuters) - Bank of America Corp's board is set to meet next Tuesday and is expected to discuss the appointment of a new chief executive, the Wall Street Journal reported, citing people familiar with the situation.

  SHANGHAI/DETROIT (Reuters) - General Motors and its Chinese partner SAIC Motor are to make small cars and commercial vehicles in India, taking a successful 12-year Chinese partnership into one of the world's fastest growing auto markets.

  NEW YORK/BOSTON (Reuters) - B.J. Kang may be the most feared man on Wall Street.

  (Reuters) - 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.

  (Reuters) - 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.

  (Reuters) - Closeout retailer Big Lots Inc reported better-than-expected quarterly profit, as initial markups and lower freight costs boosted gross margins, and raised its outlook for the holiday fourth quarter.