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June 07, 2013 01:43 PM

Friday Afternoon Business Brief

Wall Street is still taking an upbeat view of today's unemployment numbers. The Dow has been up by about 150 points for much of the afternoon. Analysts say the addition of 175,000 jobs in May is enough to suggest growth later this year -- but not enough to cause the Federal Reserve to back away from its economic stimulus efforts.

  • Canada's economy created 95,000 new jobs in May. And that's the biggest month of employment growth in Canada in more than a decade. It's the first major improvement of the year, and drops that country's jobless rate by one-tenth of a point to 7.1 percent.
  • Target Corp. is planning a new organic and natural store brand as it works to rev up its grocery business. The big-box retailer says the new brand, called Simply Balanced, will start with drinks and snacks like corn chips. The line is an outgrowth of similar products within its existing Archer Farms store brand.
  • Whole Foods is taking a look at its employee language policy. Two of the company's Spanish-speaking workers in New Mexico say they were suspended for a day after complaining about the policy, which they say forbids them from speaking Spanish to each other while on the job. The company says they were suspended for "rude" behavior. The policy, according to the company, says all English-speaking workers must speak English to customers and other employees while on the clock, unless the customer speaks another language.
  • Microsoft says its upcoming Xbox One gaming console will be able to play used games. That clears up a worry among gamers and video game retailers such as GameStop, which trade in used games. It means video game discs that users buy will not be limited to one Xbox One device, and players will be able to share or trade in the games they have bought for other used games, just as they've been able to do in the past.
  • Business
  • Economy/Stocks

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