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A top board member of the European Central Bank unexpectedly resigned on Friday in what analysts saw as further evidence of the deep divisions over how to resolve Europe’s growing debt crisis. The move immediately rattled European markets and the euro, which slipped to a six-month low against the dollar. The European Stoxx and German DAX indexes tumbled 3.5 percent.

And so it begins. After Yahoo this week gave CEO Carol Bartz the axe, the stock rallied on the suspicion on the Street that the company almost certainly has now been put into play, and might not last very long with its current corporate structure.

It has been a very long week for AOL. And it's about to get even longer. Last Thursday, word leaked that one of its employees, TechCrunch founder Michael Arrington, was launching a venture capital fund that would include an $8 million commitment from AOL (AOL). Then came a more official version via the NY Times, which included positive quotes from both Arrington and AOL chief executive Tim Armstrong.

The sudden ouster of Yahoo CEO Carol Bartz wasn't triggered by one specific factor, but rather because Ms. Bartz wasn't reaching a series of performance targets.

Yahoo Inc said on Tuesday it has removed CEO Carol Bartz and replaced her on an interim basis with Chief Financial Officer Tim Morse, ending a rocky two-year run marked by stagnating growth and a bitter rift with Chinese partner Alibaba.

The stressed relationship between Bank of America and Merrill Lynch just got uglier with the announcement today that Sallie Krawcheck, is leaving her post as head of Merrill Lynch’s global wealth management division.

U.S. Army Gen. David Petraeus, once the top commander in Iraq and then Afghanistan, will leave the Pentagon Wednesday for the halls of the CIA next week.

Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of Apple Inc in a stunning move at the technology giant he co-founded in a garage.

A sequel to the Great Recession in the United States just two years after the downturn is not likely because demand for temporary workers, a leading indicator of both upturns and downturns, remains steady, staffing industry executives say.

News Corp is considering promoting Chief Operating Officer Chase Carey to the position of CEO to succeed Rupert Murdoch, who would remain as chairman, Bloomberg reported on Monday.