Moody's Upgrades Four Top U.S. Banks 

Moody's Investors Service said Thursday that it was upgrading the ratings of four of the largest U.S. banks after the company determined that some creditors would suffer fewer losses if those banks were to fail. (published 2320 GMT Thursday)

 
 
J.P. Morgan Chase Expected to Lay Off More Than 5,000 by Next Year -- Sources 

J.P. Morgan Chase & Co. is cutting more than 5,000 jobs in an effort to trim costs and become more efficient. (published 2244 GMT Thursday)

 
 
NTSB Blames Shell for Alaska Ship Accident -- Update 

Federal investigators have blamed Royal Dutch Shell Plc and its contractors for the December 2012 shipwreck of a drill ship off the coast of Alaska. (published 0047 GMT)

 
 
Nike: FIFA Indictment Doesn't Allege Criminal Conduct By Company 

Nike Inc. moved to distance itself Thursday from the wide-ranging probe into corruption at FIFA, saying that there were no allegations that it committed a crime or that its employees intentionally did anything wrong. (published 0043 GMT)

 
 
Greif, Amid Restructuring Push, Cuts Annual Projections 

Greif Inc. on Thursday cut its outlook for the year, citing projected lower volumes in North America and the effect of the stronger dollar. (published 0042 GMT)

 
 
GameStop Results Boosted by New Software Sales--2nd Update 

Downloads for new videogames and digital games boosted GameStop Corp.'s first-quarter profit as the retailer captured a 45% new-software market share, the company said Thursday. (published 0038 GMT)

 
 
Active Group Holdings: Raising up to HK$113.8 Million via Share Placement 

Chinese footwear manufacturer Active Group Holdings Ltd. said Friday it is raising up to 113.8 million Hong Kong dollars from a share placement to supplement general working capital. (published 0028 GMT)

 
 
Sally Beauty Says Malware Used at Some Point-of-Sale Systems in March and April 

Sally Beauty Holdings Inc., which previously disclosed a data breach, said malware was used on some of its point-of-sale systems in March and April. (published 0016 GMT)

 
 
Evergrande Real Estate: Raising HK$4.6 Billion Via Share Placement 

Chinese property developer Evergrande Real Estate Group Ltd. said it plans to raise HK$4.6 billion in a share placement. (published 0006 GMT)

 
 
Judge Probes Arguments for Weakness in Sysco Merger Case 

A federal judge heard lively closing arguments Thursday in the government's challenge to the planned merger of rival food distributors Sysco Corp. and US Foods Inc., pressing both sides on potential weaknesses in their positions. (published 2336 GMT Thursday)

 
 
Lehman's Fuld Says It Wasn't His Fault 

In an appearance marking his return to the public eye, Richard Fuld Jr. insisted he doesn't want to play "woulda, coulda, shoulda" about the collapse of Lehman Brothers Holdings Inc. (published 2304 GMT Thursday)

 
 
Pacific Sunwear Posts First Decline in Quarterly Comps in More Than 3 Years 

Pacific Sunwear of California Inc. shares fell 18% in after-hours trading as the company posted its first quarterly decline in same-store sales in more than three years. (published 2220 GMT Thursday)

 
 
Energy Transfer Equity Plans 2-for-1 Split of Common Units 

Energy Transfer Equity LP plans to split its common units in a 2-for-1 deal, effective July 24, the second such split for the company. (published 2156 GMT Thursday)

 
 
Costco Posts Rare Drop in Core Sales -- 2nd Update 

A key measure of sales at Costco Wholesale Corp. fell for the first time in nearly six years, as the strong dollar and low gasoline prices ate away at the retailer's revenue from international stores and gas pumps. (published 2146 GMT Thursday)