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Struggling Spain Approves Labor Market Reforms
The measures are designed to shake up a listless economy and help slash a bloated deficit that has prompted European-wide worries of another Greek-style debt crisis.
Jobless Claims, Trade Gap Brighten Outlook
WASHINGTON (Reuters) - New claims for unemployment benefits fell more than expected last week to a two-month low, while the trade deficit narrowed sharply in July, hopeful signs for the stuttering economic recovery.
Global Recession Unlikely, OECD Says
LONDON (AP) -- The global economic recovery could be slower than expected but another recession remains unlikely -- especially if governments don't overdo their spending cuts, a leading international economic body said Thursday.
Thames River Pays Out £26 Million, Profits Fall
LONDON (Reuters) - Thames River Capital, the fund firm recently bought by rival F&C, has shared 25.9 million pounds between the partners of its main subsidiary, despite a fall in profits and big outflows from its hedge funds.
Wall Street Journal Launching Book Review
NEW YORK (AP) -- The Wall Street Journal is set to launch a book review in the next few weeks, even as newspapers across the country cut back on book coverage.

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