Gainers:
Acme Packet, Inc. (APKT) gained nearly 6 percent to $16.52. The company announced that its board has authorized the repurchase of up to $200 million of its common stock over the next twelve months.
Decliners:
Darden Restaurants, Inc. (DRI) declined over 5 percent to $47.50. The company has agreed to acquire Yard House USA, Inc. for $585 million in an all-cash transaction from private equity firm TSG Consumer Partners LLC, management and investors. The company expects this acquisition to be dilutive to its net earnings per share in fiscal 2013 by approximately three to five cents and accretive thereafter.
Box Ships Inc. (TEU) declined 15 percent to $6.90 based on the news that it intends to offer and sell $30 million of its common shares in an underwritten public offering.
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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.