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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EU clears China's Geely to buy Volvo cars

BRUSSELS | Tue Jul 6, 2010 11:37am EDT

BRUSSELS (Reuters) - European Union competition regulators approved on Tuesday the acquisition of Ford Motor's (F.N) Volvo car unit by Chinese carmaker Geely Automobile Holdings (0175.HK) and state-owned investment group Daqing.

Following an investigation, the European Commission concluded that the proposed deal would not significantly impede competition in Europe, the EU executive said in a statement.

Geely's $1.8 billion takeover of Sweden-based Volvo was agreed in March and represents China's biggest overseas auto purchase to date.

The deal is seen as a further milestone in China's emergence as an auto sector powerhouse, after the country overtook the United States as the world's biggest car market last year.

(Reporting by Charlie Dunmore)
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