5. -- The world's largest sporting goods brand Nike (NKE) topped estimates in its earnings report after the close Thursday for the quarter ending May 31. The company reported net income up 5.4% to $698 million, or 78 cents a share, compared to $662 million, or 73 cents a share in the year-ago period. Revenue came in at $7.4 billion. Analysts were expecting 75 cents a share on revenue of $7.3 billion. 

The earnings beat comes despite speculation that heavy spending by Nike surrounding the World Cup could put a damper on earnings. 

Shares of Nike closed up half a percent to $76.86 ahead of the earnings report to and were jumping more than 3% in pre-market trading.

6. -- The European Union signed a broad trade agreement with three countries on Russia's border, including Ukraine. The rejection of a deal with the EU last year by the former Ukrainian administration set off the upheaval in that country that has kept tensions high between Russia and the West.

7. -- Shares of GoPro (GPRO), the action-camera maker, closed up 30.6% at $31.34 Thursday on its initial day of trading. The IPO was priced at $24 a share, raising $427 million. Shares pre-market were trading up an additional 2.4%.

8. -- Chemical maker DuPont (DD) lowered it outlook for the second quarter and full year, blaming poor performance in its agriculture unit. Shares of DuPont were down more than 2% in pre-market trading. The company now expects full-year earnings per share in the range of $4 to $4.10, down from its previous forecast of $4.20 to $4.40.

9. -- The Supreme Court struck down as unconstitutional three recess appointments made by President Obama to the National Labor Relations Board. In a unanimous decision, the justices said the Senate was not truly in recess. The ruling leaves the door open to continuing the traditional practice of recess appointments while reining in the president's power. The case was brought to the Supreme Court by a Pepsi PEP bottler in Washington state.

10. -- United Tech's (UTX) Sikorsky unit won a $1.28 billion U.S. Air Force contract to develop four new combat search and rescue helicopters based on the design of the UH-60 Black Hawk. The company said the contract was "the first step in the eventual production and fielding of up to 112 aircraft with a potential value of approximately $7.9 billion."

Google Still Searching for Right Mix of Innovation and Application 

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