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.

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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.

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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.

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Thuringia EconMin opposes BAIC's Opel offer

BERLIN | Tue Jul 7, 2009 11:44am EDT

BERLIN (Reuters) - The German state of Thuringia which is helping finance GM's GMGMQ.PK Opel operations, strictly opposed a plan by Beijing Automotive (BAIC) to take over the carmaker using 2.64 billion euros ($3.69 billion) loaned and guaranteed in part by the German government.

According to a non-binding offer from BAIC, the Chinese carmaker would temporarily cease production in Opel's Eisenach plant in Thuringia until 2012, rendering all of the staff out of work for years but still on the company's payroll.

"The BAIC offer is completely out of the question," Economics Minister Juergen Reinholz told Reuters on Tuesday.

"Germany has made it clear that state loan guarantees will only be offered if all plants are kept open. Even a temporary closure is not an option."

He said he continues to see Canadian auto parts supplier Magna MGa.TO as the favorite to acquire control of Opel.

(Reporting by Rene Wagner, writing by Christiaan Hetzner)
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