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R.E.M. Breaks up After 31 Years

Michael Stipe, lead singer of the rock band R.E.M, performs during a concert in Lima. Reuters/Pilar Olivares
American rock band R.E.M. has decided to collectively call it a day, after a career spanning three decades, 15 albums, and countless hit singles.
Hewlett-Packard

If Apotheker is Out, is that Requiem for the 'HP Way?'

The world may know later Wednesday whether or not Leo Apotheker will remain CEO of Hewlett-Packard into his second year. After a year on the job, the HP leader's progress ought to be reviewed. But if a computer-savvy expert who's not been given much of a chance to put a strategy into effect is booted out, where is the HP Way?
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Palestinian President Mahmoud Abbas gestures during a PLO central committee meeting in Ramallah

Obama Will Appeal to Abbas to Drop Statehood Bid

President Barack Obama will meet Palestinian President Mahmoud Abbas Wednesday to urge him to drop plans to ask the U.N. Security Council to recognize a Palestinian state despite U.S. and Israeli objections.
Pedestrians walk outside a bank

IMF Sees 2011 Global Growth Slowdown, Risk of Developed World Double-Dip Recession

Strong policies are urgently needed to increase economic growth and reduce the risk of a double-dip recession in the developed world, the International Monetary Fund (IMF) said in its revised World Economic Outlook. The IMF also decreased its 2011 global GDP growth forecast to 4 percent, down 0.3 percentage points from the June 2011 forecast.
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News Corp share buyback crosses $1 billion mark

Rupert Murdoch's News Corp bought back more than $1 billion of its shares in the last month, according to a filing, as it seeks to improve relations with shareholders frustrated by what they say is the media company's unpredictable capital allocation strategy.
The headquarters of Oracle Corporation are shown in Redwood City, California February 2, 2010. Picture taken February 2, 2010.

Oracle Earnings: Is the Giant Slowing Down?

Database giant Oracle reported its first quarter net income jumped 36 percent to $1.8 billion, exceeding analyst estimates, as revenue rose a more modest 12 percent to $8.4 billion.
Gay rights

'Don't Ask, Don't Tell' Becomes History Tuesday; Open Service for Gays Begins

Joining a club of countries like Canada, Germany, Israel and the UK, the United States on Tuesday has become the 30th country to allow open military service. After a long period of 18 years, the controversial don't ask, don't tell policy banning homosexuals on serving in the U.S. military has been repealed.
Spain's Jose Maria Olazabal tees off on the eighth hole during the second round of the 93rd PGA Championship golf tournament at the Atlanta Athletic Club in Johns Creek

Ryder Cup Captain Slams Seve Trophy No-Shows

Ryder Cup captain Jose Maria Olazabal has slammed the likes of major champions Rory McIlroy, Martin Kaymer and Graeme McDowell for not making the effort to compete in the Seve Trophy.

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