Apple Inc. (AAPL) announced Monday that it paid $60 million to settle a dispute over the iPad trademark in China, thus ending the 2-year long dispute with the nearly-bankrupt Proview Technology.
Apple rose during the first hour of trade Monday, but settled into a range for the remainder of the session. The stock closed up by 8.52 at $592.52 and set a 2-month high.
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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.