Dow Chemical Co. (DOW) announced Thursday morning that it signed an agreement to sell its Powder Coatings Business to Akzo Nobel N.V. The company also announced that it plans to form an innovative business alliance with Tata Consultancy Services, which will provide critical business services to Dow, its subsidiaries and joint ventures. Dow Chemical gapped open sharply higher Thursday, but was range-bound throughout the session. The stock finished up by $1.89 at $28.60 and broke out to a new high for the year.
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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.