Tyco International Ltd. (TYC) just announced that its Board of Directors authorized a new program to purchase up to $1 billion of the company's common stock.
Tyco International has been climbing sharply on increased volume since the announcement was made. Shares are now up 0.73 at $39.57. The stock has risen to nearly a 4-month high.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.