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Marketplace Morning Report for Friday, June 3 2011

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Marketplace Morning Report for Friday, June 3, 2011

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Arizona faces challenges after legalizing medical marijuana

by Peter O'Dowd Jun 3, 2011
Although the state has legalized medical marijuana, a recent lawsuit against the federal government is complicating the situation.

GOP argues spending cuts help private sector

by John Dimsdale Jun 3, 2011
Spending cuts are likely to be part of any deal to lift the debt ceiling. Conservatives argue without these cuts, raising the debt ceiling just hurts private sector jobs.

Will Groupon survive the hype?

by Steve Henn Jun 3, 2011
Online daily deals website Groupon announced its planned IPO yesterday. But with a concept so simple, can it survive the hype?

St. Louis football fans concerned over stadium, not lockout

by Adam Allington Jun 3, 2011
The St. Louis Rams' home stadium -- the Edward Jones Dome -- was ranked the worst stadium in the NFL. Now St. Louis residents are faced with a tough decision: pay for stadium renovations, or lose the beloved team.

Fiat to buy U.S. Treasury's sake in Chrysler

by Gregory Warner Jun 3, 2011
The Italian automaker will pay $500 million for the U.S. government's remaining 6 percent in Chrysler -- allowing Fiat to gain the majority stake in the American automaker.
BBC World Service

OPEC meeting to discuss unrest in Libya

by Wyre Davies Jun 3, 2011
The Organization of the Petroleum Exporting Countries will meet next week to discuss high oil prices and concerns over future global demand, as well as production cuts in Libya and the continuing turmoil in North Africa.

Unemployment ticks up to 9.1% in May

by Marketplace Staff Jun 3, 2011
The U.S. Labor Department reported this morning that the unemployment rate rose to 9.1 percent in May and employers hired only 54,000 new workers -- the fewest in eight months.

Sony Pictures website hacked

by Gregory Warner Jun 3, 2011
As the company continues to recovery from the recent hack of its PlayStation Network, Sony has been hit once again by an attack -- this time on its movies site.

The U.S. economy adds only 54,000 jobs in May

by Marketplace Staff Jun 3, 2011
May job growth reached a nine-month low as the Labor Department announced unemployment grew to 9.1 percent. Chris Low, chief economist with FTN Financial, explains.

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