•Japan’s exports expanded for a sixth straight month in May as brisk global demand for cars and high-tech products helped shore up a recovery in the world’s second-largest economy. Exports rose 32.1 percent from a year earlier.
•Nike Inc. earned $522 million, or $1.06 per share, for the quarter as revenue and margins improved. That’s up 53 percent from $341.4 million, or 70 cents per share, in the same quarter a year earlier.
•Cisco Systems Inc. said it will invest $1 billion to help foster high-tech innovation in Russia. Russian President Dmitry Medvedev was visiting the computer networking equipment manufacturer as part of a tour of Silicon Valley.
•Verizon Wireless said Wednesday that it will begin selling the Droid X, the follow-up to Motorola Inc.’s popular Droid smart phone, on July 15.
•Independent music licensing company Rumblefish Inc. is giving YouTube uploaders a way to add songs to their videos without infringing on copyrights. The company will sell songs from its catalog of artists for $1.99. The cost includes a license allowing the video creator to use the music legally. The video can’t be used to make money.
sponsored According to two 2015 surveys, 62 percent of Americans do not have enough savings to handle an unexpected emergency, much less any long-term plans.