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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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.