US' swimmer Dara Torres eyes London Olympics

Double Olympic and world champion Britta Steffen vowed to return to her Beijing best after defeats over 50m and 100m on her comeback after a 15-month hiatus here at the weekend.The 26-year-old, who won the 50m and 100m freestyle titles at both the 2008 Beijing Olympics and 2009 Rome world championships, has been absent from competition for more than a year with a mixture of illness and injury.She swam here in her home city this weekend, but her return to the pool at Berlin's short-course world cup meet was far from ideal.

Michael Phelps beat Ryan Lochte in the 100m butterfly final of the Austin Grand Prix, but the 14-time Olympic champion didn't even get a shot at Lochte in the 200m freestyle.Phelps, who established himself as swimming's superstar with eight gold medals at the 2008 Olympics, saw Lochte dominate the sport in 2010 as Phelps paid the price for what he admitted was a lax approach to training.

LAUSANNE, Switzerland (AP) — IOC leaders dropped wrestling from the Olympic program on Tuesday, a surprise decision that removes one of the oldest Olympic sports from the 2020 Games. The IOC executive board decided to retain modern pentathlon — the event considered most at risk — and remove wrestling instead from its list of 25 "core sports."

The latest step on Michael Phelps' road to the London Olympics brings the US Olympic swimming star back to familiar territory for the Eric Namesnik Michigan Grand Prix.Phelps lived and trained in Ann Arbor prior to his unprecedented achievement at the 2008 Beijing Olympics, where he claimed eight gold medals to take his career tally to 14.With the swimming World Championships in Shanghai looming later this year and the 2012 Olympics in London beckoning, Phelps was looking forward more than back.

Having stolen her ex-boyfriend and world record, Italy's Olympic champion Federica Pellegrini has now pinched former rival Laure Manaudou's ex-coach Philippe Lucas.The notorious French coach presided over the greatest period in Manaudou's career as she won the Olympic crown in 2004 and a further three world titles in 2005 and 2007.She also set world records in the 200m and 400m freestyle under Lucas.Pellegrini, however, beat her 200m freestyle world record during the 2008 Beijing Olympics, during which time Manaudou suffered a torrid and unfulfilling time.

And Wall Street just became even more competitive... Business Insider has just learned that Cantor Fitzgerald has hired U.S. Olympic swimmer Klete Keller.

Clément Lefert, a French swimmer who took home a gold medal at the London 2012 summer Olympics, is interning at a hedge fund, Bloomberg News' Matthew Brown reported.

Double Olympic and world champion Britta Steffen said on Saturday she was pleased with her return to the pool after a 15-month break as she swam here in her home town.The 26-year-old Berliner, who won both the 50m and 100m freestyle gold medals at the Beijing Olympic Games, raced in the 50m heats of the short-course World Cup meet here and clocked a time of 23.30secs behind Berlin's Dorothea Brandt.