Micron Technology, Inc. (MU), which earlier Friday announced the death of its Chairman and CEO Steve Appleton in a small plane accident in Boise, said that pursuant to company bylaws, President and Chief Operating Officer Mark Durcan will assume the responsibilities of CEO until a successor is appointed. The memory chip maker said that its board of directors will convene a meeting over the weekend.
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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.