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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Goldman-Basis talks look to be breaking down: source

NEW YORK | Tue Jun 8, 2010 7:51pm EDT

NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) may be looking at a new legal headache as settlement talks with an Australian hedge fund that invested $100 million in a now toxic mortgage-linked security appear to be breaking down, a source said.

Lawyers working for the Basis Yield Alpha Fund could file a lawsuit against Goldman over the transaction -- called Timberwolf -- as early as Wednesday if a deal is not reached, said a person familiar with the situation.

Negotiations between Goldman and Basis began months ago, but have heated up in the wake of a lawsuit filed by the U.S. Securities and Exchange Commission against Goldman over another subprime mortgage-linked security.

(Reporting by Steve Eder and Matthew Goldstein; Editing by Gary Hill)
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