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Wall St drops as angst over Europe rises

Stocks dropped on Friday as worries about the Italian banking sector added to anxiety emanating from Europe about passage of a Greek austerity plan, and the S&P 500 once again tested a key technical level.
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Instant view: Transportation buoys durable goods orders

New orders for long-lasting U.S. manufactured goods rose more than expected in May as bookings for transportation equipment rebounded strongly, according to a government report on Friday that could allay fears of a sharp slowdown in factory activity.
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Bondholder lawsuit over WaMu seizure revived

A U.S. appeals court on Friday revived a lawsuit by bondholders of the failed Washington Mutual Bank who are challenging the thrift's seizure by the FDIC and sale to JPMorgan Chase & Co .
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Hackers break into Arizona police computers

Computer hackers who previously broke into a U.S. Senate server and brought down the CIA website struck an Arizona police website on Thursday, releasing dozens of internal documents over the Internet.
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JD Power sees June auto sales up 2.6 percent from May

J.D. Power and Associates forecast that June U.S. auto sales will rise 8 percent from a year ago and 2.6 percent from last month, in line with statements earlier this week from General Motors Co and Ford Motor Co executives.
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Stock futures near flat ahead of data

Stock index futures pared losses and were nearly flat on Friday after trading in some Italian banks was briefly suspended, raising new fears about the European debt crisis.
al-Zawahiri, bin Laden

Osama Bin Laden Wanted To Change Name of Al-Qaeda

Recently departed Osama bin Laden wanted to change the name of his terrorist outfit al-Qaeda to something else for “marketing reasons,” according to a report in the British newspaper The Daily Telegraph.
iPhone 5 concept art

Top 5 features with which iPhone 5 can break new ground

With a fresh release scheduled for as early as August or September, chances are there that Apple will woo its users with a device, which will be capable of stealing the show from its arch rivals. But what are the features that users demand or wish to have in their future iPhone?

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