THE NATION

No Prosecution for Goldman

WASHINGTON — The Justice Department is declining to prosecute Wall Street firm Goldman Sachs or its employees in a financial fraud probe.

In a written statement, the department said it conducted an exhaustive investigation of allegations brought to light by a Senate panel investigating the 2008-2009 financial crisis.

“The department and investigative agencies ultimately concluded that the burden of proof to bring a criminal case could not be met based on the law and facts as they exist at this time,” the department said.

But the department added that if additional or new evidence were to emerge, it could reach a different conclusion about prosecuting Goldman.

J.C. Penney Loss Widens

NEW YORK — J.C. Penney Co. posted a wider loss than analysts estimated and said it won’t meet its annual profit forecast as Chief Executive Officer Ron Johnson’s overhaul of the fourth-largest U.S. department-store company falters.

The fiscal second-quarter net loss of $147 million, or 67 cents a share, compares with net income of $14 million, or 7 cents, a year earlier, the Plano, Texas-based company said Friday in a statement. Excluding some items, the loss was 37 cents a share. The average estimate of nine analysts surveyed by Bloomberg was for a 14-cent loss.

Kawasaki Ninjas Recalled

DETROIT — Kawasaki is recalling nearly 4,200 Ninja ZX-10R motorcycles in the U.S. because oil can leak onto the rear tire and cause a crash.

The National Highway Traffic Safety Administration says in documents on its website that the recall affects bikes from the 2011 and 2012 model years. They were made from Sept. 1, 2010 to Feb. 15, 2012.

The documents say oil can leak from the crankcase and pool. Continued use could cause the oil to spill onto the rear tire. Kawasaki says the problem hasn’t caused any crashes or injuries.

The company will notify owners and dealers will seal the crankcase to stop the leak.