Pearl Jam, Skrillex to perform at Philly festival

Pearl Jam, Skrillex and D'Angelo are among the performers scheduled to take the stage at the Made In America music festival Jay-Z is curating in Philadelphia in September.

Eugene Polley, inventor of TV remote, dies at 96

Couch potatoes everywhere can pause and thank Eugene Polley for hours of feet-up channel surfing. His invention, the first wireless TV remote, began as a luxury, but with the introduction of hundreds of channels and viewing technologies it has become a necessity.

New ad zapper has TV networks worried about sales

The maker of a new DVR that lets consumers zap away commercials at the touch of a button is suggesting that broadcast TV networks are being short-sighted in opposing the technology.

Marvel Comics plans wedding for gay hero Northstar

Wedding bells will ring this summer for Marvel Comics' first openly gay hero, super speedster Northstar, and his longtime boyfriend.

Wall Street ticks higher, Facebook falls again

NEW YORK (Reuters) - Stocks advanced on Tuesday, led by financial shares after a strong read on existing home sales encouraged buying in sectors tied to economic growth. Despite that, gains were capped a day after a huge rally as concerns persisted about the global economic outlook. Another slide by Facebook Inc pressured the Nasdaq. Sales of existing U.S. homes rose sharply in April and a falloff in foreclosures pushed prices higher - welcome signs for investors worried about the strength of the U.S. ...

Exclusive: Housing chief leaves Morgan to launch buy-to-rent fund

(Reuters) - Oliver Chang, head of U.S. housing strategy at Morgan Stanley, who has written more about foreclosed homes as an investment opportunity than any other Wall Street analyst, is leaving his firm to start his own buy-to-rent housing fund. Chang announced his decision on Monday in a resignation letter he submitted to Morgan Stanley obtained by Reuters. ...

SAP to buy Ariba for $4.5 billion

(Reuters) - SAP AG said it would buy software and information technology services company Ariba Inc for about $4.5 billion in cash. The $45 per share offer represents a premium of nearly 20 percent to Ariba's close on Monday. (Reporting by Sayantani Ghosh in Bangalore; Editing by Viraj Nair)

Japan's Panasonic plans fridge factory in Europe

LONDON (Reuters) - Japanese electronics group Panasonic plans to open a European factory this year to make home appliances, a market it is targeting as sales of televisions stagnate, in a rare vote of confidence for manufacturing in the crisis-hit euro zone. Panasonic is looking to minimize the effect of a strong yen on its exports by bringing manufacturing closer to its customers, and also hopes to capitalize on any incentives that struggling euro zone governments may offer. Industrial production in the euro zone fell 0. ...