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Steinway Musical Instruments is on the auction block and a mystery bidder, rumored to be hedge fund manager John Paulson, appears to have the winning bid at $458 million. Ilya Marritz explains why the fairly healthy company is seeking a buyout in the first place.

Growing numbers of Brazilians are visiting the U.S.; last year, they spent $9 billion. It's a sign of a changing Brazil — more affluent, more outward looking. Most of those getting visas to the U.S. are going to shop or do business, and the economic impact has been palpable.

The U.S. Justice Department is suing to stop the proposed merger of American Airlines and U.S. Airways. The government says the merger would hurt competition and raise costs for consumers.

Eighteen sailors are feared trapped in a submarine that caught fire after a massive explosion in Mumbai. The smoldering ship is in its berth at a highly secured naval base, with only a portion visible above the surface. This incident comes as a setback for India, just as the country is trying to beef up its military.

Also: Foreign Policy's blog The Cable says there's fresh evidence the CIA kept tabs on Noam Chomsky; new books from Dave Eggers and Ron Burgundy.

What do John Lennon and Mahatma Gandhi all have in common? They all play for the same Brazilian soccer team. And, Atletico Goianiense just signed a striker known as Michael Jackson — his real name is Carlos Adriano Souza Cruz

A UPS cargo plane crashed near the airport in Birmingham, Ala., Wednesday morning. The pilot and co-pilot were both killed.

In this edition of Weekly Innovation, we check out Tile, a stamp-size device that can be attached to any valuable item: a wallet, keys, laptop, even a dog collar. Using Bluetooth 4.0 with an iPhone app, users can find a lost or misplaced item that Tile is attached to.

A hopeful-sounding GDP report led to headlines declaring that Europe's economy is over. But much more evidence is needed before that conclusion can be reached, say the experts who study economies' ups and downs.

The Army private told a military judge that he understands now that he should have worked through the system. Manning has been convicted in the largest leak of classified information in U.S. history.