Market Features
Summary Box: Spain OKs Labor Market Changes
The Associated Press
JOB INDUCEMENTS: Spain's government approved a plan designed to encourage companies to hire more people by cutting severance packages and offering tax breaks for taking on young people. Spain's unemployment rate is 23 percent. THE DETAILS: Under the new measures, Spanish companies facing hard times will be able to pull out of collective bargaining agreements and have greater flexibility to adjust an employee's schedules, workplace tasks and wages depending on how the economy and the company are doing. THE OBJECTIVE: Spain is eager to restore investor confidence, satisfy the European Union and other international institutions by seeking major structural changes to cut its deficit and ward off fears that it could follow Greece, Ireland and Portugal in seeking a bailout.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,393.45 | 1,310.33 | 2,827.34 | 14.72 |
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