JCP rate cut

JCPenney cut the rate on a loan after increasing it to $2.25 billion from $1.75 billion, according to two people with knowledge of the matter.

Sony skies

Sony Corp. rose 9.3 percent in the US after Japan’s Nikkei newspaper reported the company’s board may discuss spinning off its entertainment division.

Best Buy bust

Best Buy yesterday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.

Carnival ride

Carnival Corp. fell the most in more than 16 months after the world’s largest cruise operator lowered its forecast for the rest of the year, saying price cuts undertaken following a series of mishaps will hurt margins.

HD sharp

Home Depot’s first-quarter net income rose 18 percent, topping Wall Street expectations, thanks to the ongoing housing recovery, despite a chilly and wet spring.

Revel in black

Just 13 months after it opened with high hopes, Revel, a brand-new but struggling Atlantic City casino, has formally emerged from bankruptcy.