![]()
- China: Low US Interest Rates Threaten Recovery
- Hedge Fund Billionaire Paulson Reports New Citi Stake
- White House Plans to Freeze Spending to Cut Deficit
- Cramer: 5 Earnings Reports to Watch Next Week
- Court Rejects 'Clawbacks' for Alleged Stanford Victims
- Cities With the Most Home Price Reductions
- Tax Credit Sparking First-Time Home Sales: Realtors
- Investors Cut Back US Stocks for Bigger Growth Abroad
- This Year's Biggest Thanksgiving Leftover: Cash
- U.S. Stocks Rally for the Second Straight Week
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
- First Time Buyers Rescue Housing: Realtors
- Dollar General Trades Higher After Its IPO
MOST SHARED
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- Today's Market Action
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
- China's Role as Lender Alters Dynamics for United States
- Israel Going Green
- Inside Wal-Mart's Acai Berry Juice Maker
Tiger Woods will miss the rest of the season because of a left knee that will require more surgery, he said in a statement on his Web site.
![]() |
AP |
"I know much was made of my knee throughout the last week and it was important to me that I disclose my condition publicly at an appropriate time," the statement said. "I wanted to be very respectful of the USGA and their incredibly hard work, and make sure the focus was on the U.S. Open.
"Now, it is clear that the right thing to do is to listen to my doctors, follow through with this surgery, and focus my attention on rehabilitating my knee."
The surgery will be to repair the anterior cruciate ligament in his knee, a painful and debilitating injury that takes months to heal. The statement said his prognosis was good.
Woods also will need the time off to heal and rehabilitate a double stress facture in his left knee discovered before he played his last tournament before the Open, the Memorial.
Woods had surgery to clean out cartilage April 15. The site said the stress fractures also were related to the training regimen he put himself through prior to the Open, which he won in a 19-hole playoff Monday over Rocco Mediate.
Woods was last seen in public late Monday afternoon walking with a pronounced limp across Torrey Pines toward the parking lot, the U.S. Open trophy in his arms.
Upcoming surgery makes his 14th major title even more staggering—despite the stress fracture, he managed to win a U.S. Open that required 91 holes over five days.
Woods played only seven times worldwide this year and won five of them.
He will miss a major championship for the first time in his career and will not be available for the Ryder Cup in September.
-- The Associated Press contributed to this report.
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- For the chief of cable company Comcast, growth has been about making deals – generally very large deals.
- Some companies may start using insurance to shift carbon risk from their balance sheets to maybe... yours?
- The president and founder of Genesis Today wants to improve America’s health, and thinks Wal-Mart can help.
- Switzerland's privacy watchdog is taking legal action to force Google to make changes to its Street View service.
- A wealthy, distracted Texas driver crashed his million-dollar Bugatti Veyron sports car into a salt marsh, say police.













