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Stockholm riots challenge image of happy, generous state
STOCKHOLM (Reuters) - Hundreds of young people have torched cars and attacked police in three nights of riots in immigrant suburbs of Sweden's capital, shocking a country that has dodged the worst of the financial crisis but failed to defuse youth unemployment and resentment of asylum seekers.

Garcia sorry after 'stupid' Woods fried chicken jibe
VIRGINIA WATER, England (Reuters) - Sergio Garcia said "sorry" 11 times and used the word "apology" on five occasions as he spoke of his regret at causing a furor by making a "fried chicken" jibe at world number one Tiger Woods.

SocGen moves to fire Rosbank CEO after arrest
PARIS (Reuters) - Societe Generale said on Wednesday that it was moving to dismiss its top Russian executive days after his shock arrest on bribery charges.

Wall Street rises as concern eases over Fed tapering
NEW YORK (Reuters) - Stocks rose on Wednesday, giving up some gains after an initial rally, after Federal Reserve Chairman Ben Bernanke said the central bank needed to see further signs of traction in the economy before it tapered its economic stimulus efforts.

Boeing expects 787 battery retrofits done by next week
WASHINGTON (Reuters) - Boeing Co is 90 percent finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president of the company's commercial airplane division, told an investor conference on Wednesday.

Telefonica cuts handset prices to win back Spanish clients
MADRID (Reuters) - Spanish telecoms operator Telefonica lowered prices on smartphones by between 15 and 30 percent in its domestic market on Wednesday to fight increasing competition in the recession-hit country.

Video game maker Atari seeks court approval for sale of assets
(Reuters) - Video game maker Atari Inc is seeking court approval for the sale of all its assets as it works its way out of bankruptcy protection.

Danish director Refn splatters Cannes festival with violence
CANNES (Reuters) - An ultra-violent thriller set in the Bangkok underworld of brothels and fight clubs came under attack at the Cannes film festival on Wednesday for its bloodletting which Danish director Nicolas Winding Refn defended as art.

New Iceland government freezes EU talks till referendum
REYKJAVIK (Reuters) - Iceland's center-right Progressive and Independence parties agreed on a coalition government on Wednesday and said they would freeze talks on entering the European Union until a referendum on whether or not to continue the process.

BP to invest $2.85 billion in Iraq's largest oilfield
BASRA, Iraq (Reuters) - Oil major BP has allocated $2.85 billion to develop Iraq's Rumaila oilfield in 2013, up from $2.2 billion last year, the head of the joint management committee for the field told Reuters On Wednesday.

I wouldn't have won 2012 Open with short putter, says Els
VIRGINIA WATER, England (Reuters) - Ernie Els would not have won last year's British Open without the aid of a belly putter, the South African four-times major champions said on Wednesday.

Boeing says 787 battery retrofits to be done by next week
WASHINGTON (Reuters) - Boeing Co is 90 percent finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president of the company's commercial airplane division, told an investor conference on Wednesday.

New York City FC name Reyna as director of football
(Reuters) - Former Manchester City and United States international midfielder Claudio Reyna was named as the first director of football for new Major League Soccer (MLS) team New York City Football Club, the team said on Wednesday.

Clearwire recommends approval of sweetened Sprint bid
NEW YORK (Reuters) - Clearwire Corp said its special committee and its board of directors approved Sprint Nextel Corp's sweetened offer to take over the company and advised shareholders to vote for the deal.

SocGen says Rosbank moves to fire CEO Golubkov
PARIS (Reuters) - Societe Generale said on Wednesday that the board of its Russian unit, Rosbank, was moving to dismiss its chief executive, Vladimir Golubkov, who was arrested on bribery charges last week.

Toll Brothers profit beats on higher home prices
(Reuters) - Luxury homebuilder Toll Brothers Inc reported stronger-than-expected results on higher average selling prices and booked its highest quarterly orders in seven years, sending its shares up 7 percent.

Wall Street cuts gains as Bernanke speaks
NEW YORK (Reuters) - Stocks sharply cut gains after climbing as much as 1 percent earlier as investors parsed comments from Federal Reserve Chairman Ben Bernanke, who was speaking before Congress.

Bernanke offers no hint of pullback in Fed stimulus
WASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday.

IRS' Lerner says did nothing wrong, refuses to answer questions
WASHINGTON (Reuters) - The Internal Revenue Service official who this month revealed the tax agency's targeting of conservative groups asserted her constitutional right not to answer questions before a congressional committee on Wednesday.

Turkey prosecutor seeks life sentences for generals over coup: TV
ANKARA (Reuters) - More than 100 senior Turkish army officers face prosecution demands they spend the rest of their lives in jail for their alleged role in toppling Turkey's first Islamist-led government 16 years ago, a Turkish TV channel reported on Wednesday.