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U.S. economy bounces back in second quarter

WASHINGTON - U.S. economic growth accelerated more than expected in the second quarter and the decline in output in the prior period was less steep than previously reported, bolstering views for a stronger performance in the last six months of the year.

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Argentine debt talks go down to the wire to avert default

BUENOS AIRES/NEW YORK - Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it or win a reprieve from a U.S. court, as a surge in the country's bond prices fed optimism that an agreement was possible.

11:29am EDT

Sprint first-quarter revenue top estimate as network upgrade progresses

WASHINGTON - Sprint Corp reported higher-than-expected first-quarter revenue on Wednesday, as the company expanded its high-speed coverage and came closer to completing a network overhaul that has caused more frequent dropped calls and subscriber losses.

11:26am EDT

Thomson Reuters reports better-than-expected profit

- News and information company Thomson Reuters Corp on Wednesday reported a higher-than-expected quarterly profit on a 1 percent rise in revenue, boosted by growth in its Tax & Accounting and Legal divisions.

11:02am EDT

Two former senior Murdoch editors charged over UK phone-hacking

LONDON - Two more senior journalists from Rupert Murdoch's defunct British tabloid the News of the World have been charged with phone-hacking, prosecutors said on Wednesday, weeks after the paper's former editor was jailed for the crime.

Rupert Murdoch, World 8:55am EDT

China July official PMI seen hitting eight-month high

BEIJING - Activity in China's vast factory sector likely expanded at the fastest pace in eight months in July, a Reuters poll showed on Wednesday, adding to evidence that the economy is regaining momentum after a burst of government stimulus measures.

5:39am EDT

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