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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Beal Bank makes play for Trump casinos

NEW YORK | Wed Nov 25, 2009 10:38pm EST

NEW YORK (Reuters) - Beal Bank has made a restructuring proposal for bankrupt Trump Entertainment Resorts' TRMPQ.PK Atlantic City casinos that would give it a 65 percent stake in the casinos company, the bank's attorney said on Wednesday.

Dallas-based Beal Bank introduced its plan about a week after Donald Trump abandoned his campaign to get back the properties bearing his name.

Beal Bank, which is owed around $486 million, offered a New Jersey bankruptcy judge and Trump Entertainment to convert $386 million of loans it made to the casinos into equity of the company, and receive a $100 million cash payment, attorney Thomas Lauria said.

Under Beal Bank's proposal, other creditors of Trump Entertainment would receive a 35 percent stake in the company, Lauria said.

Trump Entertainment was not available for comment.
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