Sunni cleric calls end to Baghdad counterinsurgency drive
A leading Sunni association condemns a week long campaign in Baghdad for targeting their community. The violence leaves eight dead nationwide, with Iraqi authorities claiming 700 insurgents captured and most Baghdad entrances under government control amid ongoing attacks in Mosul where a car bomber killed three police officers.
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Iraq
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May payrolls grow slowly as jobless rate dips to 5.1
The Labor Department shows May payrolls up 78,000 after April's 274,000 gain, with the unemployment rate easing to 5.1 percent. Economists cite energy costs weather and inventory adjustments for the softer hiring, while several sectors report job cuts in manufacturing leisure and hospitality and accounting. Dow falls 92.52 points as mood sours on Wall Street.
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May
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Stocks slide after weak jobs data and high oil prices
New York stocks fell sharply on Friday as the government report showing the slowest May job growth in nearly two years amplified fears about the economy. Oil rose above 55 dollars a barrel as investors priced in stronger global demand, pushing the Dow to 10,460.97 and the Nasdaq and S&P lower for the week.
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Crude oil resumes rally topping 55 dollars a barrel
New York AP report notes crude oil futures closed the week higher on concerns about distillate supply and demand. Crude futures rose 1.40 to 55.03 dollars a barrel on the NYMEX, while heating oil and gasoline futures also advanced and natural gas fell to 6.88 dollars per million BTU.
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Missing Alabama teen Natalee Holloway vanishes on trip
The mother urged U.S. help as Natalee Holloway, 18, disappeared on the last day of a high school graduation trip in Aruba. Police and volunteers combed beaches and scrubland, posted a photo caption stating she has been kidnapped since 1:30 a.m. May 30, while authorities consider possible abduction.
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GM recalls 291,652 Saturn L Series cars over brake light defect
General Motors will recall nearly 300,000 Saturn L Series sedans and wagons from 2000 to 2004 model years due to brake and tail light problems that can obscure braking. The issue may cause both brake lamps and the center high mount lamp to fail, increasing rear-end crash risk. At least 50 complaints were filed.
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General Motors Corp
National Highway Traffic Safety Administration
Exxon Mobil advances LNG terminal plan at Sabine Pass
Regulators say the Golden Pass LNG project near Sabine Pass on the Texas Louisiana border meets federal environmental standards. Exxon Mobil aims to import LNG from Qatar by 2008 with a terminal designed for up to 200 tankers yearly and about 2 billion cubic feet daily, while more than 100 acres of wetlands would be affected.
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Ene Regulatory Commission
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Exxon
Beaumont
Jefferson County
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Energy Commission
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