Russian social media CEO quits, flees country

The founder of Russia's leading social media network — a wunderkind often described as Russia's Mark Zuckerberg — has left his post as CEO and fled the country as cronies of President Vladimir Putin have made steady inroads into the company's ownership.

Apple increases stock buyback, will split stock

Apple is doling out more of its cash to shareholders and preparing to split its stock for the first time in nine years in an attempt to win back investors fretting about the iPhone maker's slowing sales growth and pace of innovation.

Ovation guitar factory in Connecticut is closing

An Ovation guitar factory in the western Connecticut hills that produced instruments for music legends from Paul Simon to Cat Stevens to Glen Campbell will be closing in June after 47 years and production of the Ovation line in the United States will stop, the manufacturer's parent company told the shop's 46 workers this week.