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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CIT plans DIP loan of $5 billion to $7 billion: sources

NEW YORK | Thu Oct 1, 2009 2:01pm EDT

NEW YORK (Reuters) - CIT Group Inc (CIT.N) is planning to get a debtor-in-possession loan of $5 billion to $7 billion if its planned debt exchange offer fails and it files for prepackaged bankruptcy, sources familiar with the matter said on Thursday.

CIT has not finalized the loan yet but would do so over the next few days, if it has to file for bankruptcy, the sources said, declining to be identified because the talks are private.

(Reporting by Paritosh Bansal, Walden Siew and Caroline Humer; Editing Bernard Orr)
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