Gainers:
United Parcel Service, Inc. (UPS) is rising more than 1 percent to $79.53. The company agreed to acquire TNT Express N.V. in a transaction valued at approximately $6.77 billion. The company said this combination expands its express capabilities in Europe and deepens existing position in fast-growing regions such as Asia-Pacific and Latin America.
AboveNet, Inc. (ABVT) is gaining over 13 percent to $84.31. Zayo Group, LLC has agreed to acquire the company for $84.00 per share in cash.
Decliners:
LDK Solar Co., Ltd. (LDK) is declining over 1 percent to $4.83. The company lowered the high end of its fourth quarter revenue forecast. The company said it expects to incur a write-down of inventories, realize impairment charges on contractual purchase agreements, as a result of the rapidly declining market price for wafers and modules during the quarter. In addition, the company expects gross margin to be negative.
eBay Inc. (EBAY) is falling 2 percent to $36.85.
Trading halt:
Trading in shares of Apple Inc. (AAPL) was halted. The company announced plans to initiate a dividend and share repurchase program commencing later this year. The Company plans to initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012 and has authorized a $10 billion share repurchase program commencing in the Company's fiscal 2013.
Trading in shares of NewLead Holdings Ltd. (NEWL) was halted.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.