Lorillard, Inc. (LO) announced that its Board of Directors approved a new share repurchase program, authorizing the company to repurchase in the aggregate up to $500 million of its outstanding common stock. The company noted that the purchases will be funded from existing cash balances.
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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.