Krishnadev Calamur

Updated at 1:11 p.m. ET

President Obama has commuted the sentences of 46 mostly nonviolent drug offenders, nearly all of whom, the White House says, would have already served their time if they were convicted of the same crime today.

Updated at 7:14 p.m. ET

Reddit interim CEO Ellen Pao has resigned from the company in the wake of an insurrection last week in which moderators shut down many of the site's most popular sections following the still-unexplained dismissal of a popular figure in the site's r/IAmA section.

The defense for James Holmes, accused of the Aurora, Colo., theater shooting, has rested after trying to prove he was insane at the time of the 2012 attack that killed 12 people and injured 70.

Holmes' attorneys had argued their client was in the midst of a psychotic episode at the time of the July 20, 2012, incident.

Two psychiatrists who testified for the defense said Holmes was insane, but court-appointed doctors testified Holmes knew the difference between right and wrong. The Associated Press adds:

Victoria Taylor, famous for her role in Reddit's popular r/IAmA section, has broken the silence over her dismissal that prompted an insurrection last week in which moderators shut down many of the site's most popular sections.

Posting on Reddit, Taylor thanked those who rallied to her defense, calling the response "extraordinary."

India's Supreme Court has ordered a federal investigation into a multimillion-dollar job-recruitment scam and more than 30 deaths to which it has been linked.

The country's highest court ordered the Central Bureau of Investigation to take over the inquiry by police in central Madhya Pradesh state into what's known as the Vyapam scam. Here's the background to the scam from India's NDTV:

(This post was last updated at 4:48 p.m. ET.)

Just before the end of the day Thursday in Athens, the Greek government handed its European creditors a new bailout proposal.

A spokesman for Eurogroup President Jeroen Dijsselbloem tweeted that Greece's creditors would now consider the proposal.

FIFA has banned its former executive committee member Chuck Blazer from taking part in any aspect of soccer for life.

Wednesday's computer-related problems on the New York Stock Exchange that halted trading for more than three hours was not a one-off.

A raid at the home of Subway pitchman Jared Fogle has led to both sides agreeing to suspend their relationship, and put a spotlight on Fogle's ties to the former head of a foundation he created to fight childhood obesity.

Federal and state authorities removed electronics from Fogle's home in suburban Indianapolis in a raid Tuesday, but refused to discuss the nature of the investigation. Fogle's attorney said he was cooperating, adding the Subway pitchman had not been arrested or charged with anything.

Malaysian authorities have frozen six bank accounts in connection with an investigation into nearly $700 million allegedly transferred into Prime Minister Najib Razak's bank accounts.

The Wall Street Journal, which reported last week on the alleged transfers, cited "a person aware of the probe" saying at least one of the frozen accounts belonged to Najib.

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