Business News

With three trading days left in the second quarter, the S&P 500 and NASDAQ are tracking positive for the past three months and the year, but they're both negative for June. The Dow transports entered correction territory yesterday. (CNBC)

Nike reported quarterly profit of $865 million. The results exceeded Wall Street expectations. The athletic apparel maker posted revenue of $7.78 billion. For the last four quarters the company reported profit of $3.27 billion and revenue was $30.6 billion. Nike shares have increased slightly more than 9% since the beginning of the year. (AP)

The Greek crisis has been weighing on stocks all week, as they face a debt default . Tomorrow's meeting of euro zone finance ministers is seen as crucial. Join us Saturday at 10 for Financial Focus Radio when I will tell you what I saw on my trip to Greece. An on the ground report. (CNBC)

Micron Technology said it expects a further decline in prices of chips used in personal computers, and forecast lower. Micron Technology makes both dynamic random access memory (DRAM) chips, used mostly in personal computers, and NAND memory chips for storing music, pictures and other data on smartphones, cameras and other mobile devices. The company will focus more on DRAM chips for mobile phones and was also planning a new chip that can store 16 times more data than chips available now. (Reuters)

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