CNN Money: Top business headlines for June 12

NEW YORK, NY (CNN) - CNN Money's Maribel Aber has the latest business and financial news for Thursday, June 12.

New president of Arkansas Trucking Assoc.

Shannon Newton of Bryant has been named president of the Arkansas Trucking Association, the ATA's board announced on Wednesday. Newton has been with the ATA since 2003 and has been vice president since 2008. She succeeds Lane Kidd, who resigned earlier this year. Newton begins her duties immediately. "When we began our search for a new president, we knew that an experienced leader with deep industry knowledge and a broad skill set was exactly what we needed," said Craig Harper, ATA board chairman and executive vice president and COO of J.B. Hunt Transport Services Inc. of Lowell.

Meet the guy who just broke TweetDeck

TweetDeck, a popular Twitter app for desktops, has been hacked -- because a 19-year-old computer geek in Austria wanted to use cute, little hearts. On Wednesday, something like an Internet worm quickly spread across the Twitter (TWTR, Tech30) social media network. It came from a tweet of a "♥" symbol that was loaded with a string of code -- one that hijacked people's TweetDeck software. Like a typical worm, this code told affected TweetDeck accounts to share the message, thus disseminating it everywhere.

AT&T: DirecTV buyout to stay competitive

AT&T Inc.'s proposed $48 billion acquisition of DirecTV is the only way the two companies can compete with Comcast Corp. and Time Warner Cable Inc. in the market for bundled video and broadband service, the company told regulators. AT&T filed its public-interest statement with regulators late Wednesday, justifying the transaction by arguing consumers increasingly seek an integrated bundle of video, voice and broadband service at home, and neither AT&T nor DirecTV is capable of offering such a bundle nationwide at present. The filing argues DirecTV is hampered by its inability to offer high-speed broadband service, while AT&T offers broadband nationwide but video only in a few select markets.

Netflix to air 'Magic School Bus' re-boot

All you Arnold, Wanda and (of course) Valerie Frizzle fans, rejoice: You'll soon be able to climb back on "The Magic School Bus" again. Netflix (NFLX, Tech30) is launching a new version of the Emmy-winning 1990s animated children's series that's remained wildly popular despite ending its original run more than 15 years ago. The new show will be called "The Magic School Bus 360°," and feature 26 CGI-animated episodes. It's slated to premiere in 2016 for subscribers' binge-watching pleasure.


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