Minimal hypersurfaces in R^n times S^m

We classify minimal hypersurfaces in $R^n \times S^m$, $n,m \geq 2$, which are invariant by the canonical action of $O(n) \times O(m)$. We also construct compact and noncompact examples of invariant hypersurfaces of constant mean curvature. We show that the minimal hypersurfaces and the noncompact constant mean curvature hypersurfaces are all unstable.