The Latest Breaking News from Vince McMahon

The Dow Jones wavered amid mixed action ahead of the latest Fed meeting. WWE stock passed a key level after CEO Vince McMahon quit.

Following the shock retirement of WWE chairman Vince McMahon, we take a look at some of the 76-year-old's most surprising moments throughout his career

World Wrestling Entertainment impresario Vince McMahon announced Friday he is retiring amid an investigation into alleged misconduct involving the flamboyant showman who turned a small wrestling company into a worldwide entertainment business. In a brief statement issued by WWE, McMahon said he is retiring as the company's chairman and CEO.…

McMahon still retains his shareholder voting control despite stepping down as CEO and head of creative.

McMahon is the most recognisable face at WWE, which he purchased from his father in 1982. He has reportedly agreed to pay more than $US12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity.

He’s throwing in the towel.

Washington (AFP) - Vince McMahon, the promoter who built a pro wrestling show into a global entertainment empire, Friday announced he was retiring as head of World Wrestling Entertainment -- under a cloud of serious sexual misconduct allegations.

World Wrestling Entertainment impresario Vince McMahon says he is retiring amid an investigation into alleged misconduct involving the flamboyant showman who turned a small wrestling company into a worldwide entertainment business

The move comes after reporting broke in June that the WWE board was investigating a secret $3 million settlement allegedly given by McMahon to a former WWE paralegal.