Teekay Corp. (TK), a crude oil shipping company, announced on Monday that its Board has authorized a new share repurchase program of up to $40 million of shares.
The timing of purchases and the exact number of shares to be purchased will be subject to its discretion, the company noted.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.