Are the Wheels Coming Off of Formula One?

Formula One racing is a bit like evolution governed by an appeals committee: Winning races has long been relied on engineering innovations that give a race car that extra microsecond advantage, while the teams left in the dust cry foul and demand that the sport’s governing body, the Federation Internationale de l’Automobile , rule those innovations out. FIA supremo Max Mosley had hoped to tamp down what he calls the sport’s “financial arms race” by imposing a $66 billion annual spending cap on teams, but instead he appears to have provoked a walkout that could see some of the sport’s major names, such as Ferrari and McLaren, create a rival championship with fewer restrictions — and take the sport’s lucrative TV audience with them.

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Can Apple beat the too-expensive rap?

SAN FRANCISCO –The big knock on Apple — whether or not it’s always been accurate — is that its products are more expensive than most of its competitors. But in the keynote speech Monday that opened Apple’s Worldwide Developers Conference, it became clear the company is tackling the price question head on.

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Exhausted Federer quits Wimbledon warm-up

French Open champion Roger Federer dramatically withdrew from the Halle Open tournament on Tuesday saying he was "overwhelmed and exhausted" after his Paris triumph. Federer beat Swede Robin Soderling in Sunday’s Roland Garros final to complete his Grand Slam haul and equal the record 14 ‘major’ wins by Pete Sampras. He traditionally uses the German follow-up event as his warm-up for Wimbledon which starts on June 22

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Sampras: Federer is the ‘best ever’

Former world number one, Pete Sampras, has described recently crowned French Open champion Roger Federer as the best player in history. The 37-year-old American, nicknamed ‘Pistol Pete’ for his bullet-like serves, won a record 14 grand slam men’s singles titles over a 15-year career, though never captured the trophy at Roland Garros.

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Platini: Don’t come to Rome without a ticket

Michel Platini, the president of the governing body for European football (UEFA) has exclusively told CNN that he urges fans not to travel to the Champions League final in Rome without a ticket — in the wake of news that a Briton needed hospital treatment after being stabbed.

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Federer: ‘Nadal is only human’

Roger Federer has exclusively told CNN he feels he could beat reigning champion Rafael Nadal at this year’s French Open in Paris, because despite winning the last four tournaments the Spaniard is "only human." The world number two is hoping this year will prove to be a turning point after suffering three consecutive final defeats to Nadal at Roland Garros. “He’s won four straight times here in Paris which shows how tough he is, but if you play him the right way there will be chances, he is only human and we wait for that moment when he is not at his best; hopefully that will be this year,” the Swiss said. The 27-year-old certainly started the right way if he is to mount a succesful challenge, beating Alberto Martin 6-4 6-3 6-2 in under two hours to advance to the second round, setting up a clash with either Jose Acasuso or Santiago Ventura.

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‘Idol’ finalists dish on singing, strategy and sexuality

"American Idol" viewers had a clear choice when it came down to the final decision: the low-key but sincere Kris Allen or the flamboyant and powerful Adam Lambert. The vote went for Allen, and Lambert told Ryan Seacrest on CNN’s “Larry King Live” that the outcome didn’t surprise him. There are no hard feelings, though

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Interview with Jim Cramer

In the summer of 2007 you appeared on TV screaming that Ben Bernanke had no idea how bad things were on Wall Street. After what has happened, weren’t you too calm? —Gonzalo Soto Campero, Mexico City A lot of people criticized me for being off the deep end when I shouted from the rooftops that things were falling apart

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Boxing Champ Manny Pacquiao

Millions danced in the streets and a national holiday was announced by Philippines President Gloria Macapagal Arroyo to mark the latest victory of the island nation’s great 21st century hero: boxing great Manny Pacquiao. The fighter also known as “Pac-Man” won in a knockout, beating British boxer Ricky “the Hitman” Hatton on May 2 and becoming the International Boxing Organization and Ring Magazine World Light Welterweight champion. It was a world record–tying sixth division title and fourth consecutive win in a different weight class

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