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Graphic sex in applauded lesbian love story gets Cannes buzzing
CANNES (Reuters) - An intimate love story between two young women received rave reviews from critics at the Cannes film festival despite explicit lesbian sex scenes that could limit the film's distribution.

Republican Issa to call IRS's Lerner back in Tea Party probe
WASHINGTON (Reuters) - Republican Representative Darrell Issa said on Thursday he will call Internal Revenue Service official Lois Lerner back to testify before his committee on the IRS-Tea Party scandal after she asserted her constitutional right not to answer questions.

Tesco will not pay executive bonuses without rise in profits
LONDON (Reuters) - Tesco executives will not receive a bonus in the current financial year unless they can reverse a decline in profits at Britain's biggest supermarket operator, the company said in its annual report on Thursday.

Ally to pay $2.1 billion to settle ResCap litigation
(Reuters) - Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets.

GameStop results beat as mobile sales rise
(Reuters) - Video games retailer GameStop Corp's quarterly profit beat estimates for the fourth consecutive quarter, suggesting that its strategy of expanding its digital and mobile offerings is paying off in a tough video-gaming environment.

Sweden riots expose ugly side of 'Nordic model'
STOCKHOLM (Reuters) - The scene of Sweden's worst riots in years, Husby is on the surface at least a typically neat suburb of colorful playgrounds, manicured parks and low rise apartment buildings.

Wall St. drops on stimulus plan unease, China data
NEW YORK (Reuters) - Stocks dropped on Thursday, with the S&P 500 on pace for its first back-to-back daily drop in a month amid investor concerns the U.S. Federal Reserve's stimulus may be scaled back sooner than hoped and after weak data in China.

U.S., Chinese factories struggle, Fed hints at less stimulus
LONDON/NEW YORK (Reuters) - Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest clip since October, suggesting it may take a while before the global economy starts to pick up steam.

London attackers known to British security services
LONDON (Reuters) - Two British men of Nigerian descent accused of hacking a soldier to death on a London street in revenge for wars in Muslim countries were known to security services, a source close to the investigation said Thursday.

U.N. investigator seeks world moratorium on 'killer robots'
GENEVA (Reuters) - A United Nations human rights investigator called on Thursday for all states to declare a moratorium to prevent so-called "killer robots" being deployed on the battlefield.

Rosberg puts Mercedes on top in Monaco
MONACO (Reuters) - Nico Rosberg gave Mercedes a dream start to their Monaco Grand Prix weekend with the fastest time in both practice sessions for the glamour race on Thursday.

Ally of Kosovo PM among five arrested for war crimes
PRISTINA (Reuters) - A close wartime ally of Kosovo's prime minister was among five people arrested by European Union police on Thursday on suspicion of war crimes during a 1998-99 insurgency against Serbian forces.

JPMorgan appoints new consumer bank head
(Reuters) - JPMorgan Chase said it has appointed Barry Sommers as chief executive of its consumer bank, which includes its wealth management unit.

New home sales rise, prices surge to record highs
(Reuters) - Sales of new single-family homes rose 2.3 percent in April, and prices climbed to record high levels, offering strong proof the sector's rebound trend is intact.

Apple enjoyed Irish tax holiday from the start
SAN FRANCISCO/DUBLIN (Reuters) - Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest country, former company executives and Irish officials have said.

Exclusive: China urbanization plan hits roadblock over spending fears - sources
BEIJING (Reuters) - China's plan to spend $6.5 trillion on urbanization to bolster the economy is running into snags, sources close to the government said, as top leaders fear another spending binge could push up local debt levels and inflate a property bubble.

Gunmen kill seven Iraqi soldiers in worsening conflict
BAGHDAD (Reuters) - Seven Iraqi soldiers were killed in clashes with gunmen on Thursday, police and hospital sources said, as fears mount that Iraq might slide back into bloody sectarian strife.

Ally to contribute $2.1 billion to settle ResCap litigation
(Reuters) - Ally Financial Inc agreed to contribute $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets, paving the way for ResCap to pay back its creditors.

China formally approves Boeing's Dreamliner for use
BEIJING (Reuters) - China's civil aviation regulator on Thursday formally approved Boeing Co's 787 Dreamliner for use in the country, clearing the way for Chinese airlines to start operating the aircraft, which has been plagued with problems.

Wall St. falls at open on stimulus worry, China data
NEW YORK (Reuters) - Stocks fell at the open on Thursday, putting the S&P 500 on track for its first back-to-back daily drop in a month, on concerns the U.S. Federal Reserve's stimulus measures may be scaled back sooner than hoped and over weak data in China.