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* Jeans maker Guess Inc. of Los Angeles agreed to a 10-year licensing agreement with a Timex Corp. unit to produce its watches after failing to reach an accord with Fossil Inc.

* Television and radio indecency complaints to regulators plummeted 98% in the second quarter to the lowest level in two years after anti-obscenity groups curbed letter-writing campaigns and networks flagged racier programs, the Federal Communications Commission said.


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