Check out the companies making headlines prior to the bell:
Texas Instruments — Texas Instruments raised its quarterly dividend by 17%. The chipmaker will now pay 90 cents per share, up from the previous 77 cents a share, with the following dividend payable November 18 to stockholders of record on October 31.
Royal Bank of Scotland — RBS has named Alison Rose as its new Chief Executive Officer. She’s the first woman to hold the top spot at a significant British lender.
Xilinx — Xilinx Chief Financial Officer Lorenzo Flores is leaving the chipmaker, which has begun a hunt for a replacement. Flores will leave after the company reports quarterly earnings on October 23.
Steelcase — Steelcase reported quarterly earnings of 50 cents per share, 7 cents a share above quotes. The office furniture manufacturer’s earnings also exceeded Wall Street forecasts. CEO James Keane known as the quarter among the business’s strongest previously 20 years.
Etsy — Etsy was updated to “outperform” from “sector perform” in RBC Capital Markets, which believes three newly announced initiatives will have a positive effect on the internet crafts market operator’s performance.
Roku — Roku was rated “sell” in new policy in Pivotal Research, which points to increasing competition from the streaming device business which will probably drive the expense of such devices to zero.
Molson Coors — The beer brewer was rated “buy” in new policy at MKM Partners, which notes the efficacy of a new Coors Light ad campaign.
J.C Penney — The merchant is preparing for debt restructuring talks before the holiday shopping season, according to a Bloomberg report. Sources said filing for bankruptcy protection isn’t a focus of the expected talks.
General Motors — The United Auto Workers union issued a statement stating progress was made in contract talks between the automaker and the union, but that many problems remain unresolved. A strike by employees started earlier this week.
Wayfair — Berenberg rates the online home products retailer as a “sell” in fresh policy, stating Wayfair’s first-mover benefits are being eroded by intensifying competition.