U.S. data, Europe woes to set tone

NEW YORK - Investors will grapple next week with major U.S. economic reports and the looming possibility of a Greek exit from the euro zone, which is likely to keep dragging on equities for weeks to come.

» More Business News

Use social media in your job search

BOSTON - The widespread use of social media - including more playful sites like Facebook and Twitter, as well as the business-focused LinkedIn - is becoming a powerful force in many job searches, says Harvard Business Review.

» More Small Business News

China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

» More Green Business News

Pictures

U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012. REUTERS/Shamil Zhumatov (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012. REUTERS/Eduardo Munoz (UNITED STATES - Tags: MILITARY ANNIVERSARY TPX IMAGES OF THE DAY)

Fleet Week

The U.S. Navy takes Manhattan for a week.  Slideshow 

Photo

The SpaceX mission

A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station.  Slideshow 

BofA aid diverted from TARP first half: official

WASHINGTON | Fri Jan 16, 2009 1:39am EST

WASHINGTON (Reuters) - The $20 billion in additional aid for Bank of America Corp will be diverted from the first half of a $700 billion financial rescue fund, a U.S. government official said on Friday.

The funds were previously allocated for other uses, but were not yet spent, the official told reporters on a conference call after the Treasury, the Federal Reserve and the Federal Deposit Insurance Corp announced a deal to inject $20 billion in new capital into Bank of America and backstop a $118 billion portfolio of assets.

The "overwhelming majority" of the asset pool subject to the guarantee are Merrill Lynch mortgage related assets, the official said.

(Reporting by David Lawder; Editing by Kazunori Takada)
Deals
Global Deals Review: 2011 Q3
Global Deals Review: 2011 Q2
Global Deals Review
Inflows Outflows
Crisis in Credit
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.