Check out the companies making headlines before the bell:
Texas Instruments – Texas Instruments raised its quarterly dividend by 17%. The chipmaker will now pay 90 cents per share, up from the prior 77 cents a share, with the next 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 is the first woman to hold the top spot at a major British lender.
Xilinx – Xilinx Chief Financial Officer Lorenzo Flores is leaving the chipmaker, which has started a search for a replacement. Flores will depart after the company reports quarterly earnings on October 23.
Steelcase – Steelcase reported quarterly earnings of 50 cents per share, 7 cents a share above estimates. The office furniture maker’s revenue also exceeded Wall Street forecasts. CEO James Keane called the quarter one of the company’s strongest in the past 20 years.
Etsy – Etsy was upgraded to “outperform” from “sector perform” at RBC Capital Markets, which thinks three recently announced initiatives will have a positive impact on the online crafts marketplace operator’s performance.
Molson Coors – The beer brewer was rated “buy” in new coverage at MKM Partners, which notes the effectiveness of a new Coors Light ad campaign.
J.C Penney — The retailer is preparing for debt restructuring talks ahead of the holiday shopping season, according to a Bloomberg report. Sources said filing for bankruptcy protection is not a focus of the anticipated talks.
General Motors – The United Auto Workers union issued a statement saying progress has been made in contract talks between the automaker and the union, but that many issues remain unresolved. A strike by workers began earlier this week.
Wayfair – Berenberg rates the online home goods retailer as a “sell” in new coverage, saying Wayfair’s first-mover advantages are being eroded by intensifying competition.