US still AA+

Standard & Poor’s affirmed the AA+/A-1+ sovereign-credit ratings on the US, but said the outlook remains negative because of political and fiscal risks.

Out on bail

Kweku Adoboli, a former UBS trader allegedly connected to unauthorized investments which cost the Swiss banking giant some $2.3 billion in losses, has been granted bail.

Quiksilver

Quiksilver, the maker of clothing for skateboarders and surfers, rose 12 percent to $2.74 after avoiding a wipeout in its European sales.

Trib ruling

Tribune Co., the biggest newspaper publisher in bankruptcy, may learn by early July whether it has won the first of two rulings it needs to leave bankruptcy this year, lawyers involved in the case said.

Correction

The “Red Tag Wedding” story on June 8 featured a photo of a red wedding gown by Vera Wang and incorrectly stated that it is available at David’s Bridal.