Oracle Corp. (ORCL) announced that it had completed its acquisition of Sun Microsystems Inc. The company stated that the combination of the local entities worldwide will proceed in accordance with local laws.
Oracle is the world's largest enterprise software company.
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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.