Reuters - Before the Bell

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Thursday, June 29, 2017

Dollar upended by rates reversal, stocks unfazed for now

SYDNEY (Reuters) - The dollar shuddered to its lows for the year on Thursday as a drumbeat of hawkish comments from major central banks signalled the era of easy money might be coming to an end for more than just the United States.

Logitech proposes 10 percent dividend hike

ZURICH (Reuters) - Logitech has proposed raising its dividend by 10 percent to 0.62 Swiss francs per share, the computer peripherals and mobile speaker maker said on Thursday, after it reported its highest level of operating cash flow in seven years.

Western Digital says Toshiba's actions in chip spat harm customers

TOKYO (Reuters) - Western Digital Corp said on Thursday that legal action and other moves taken by Toshiba Corp in their dispute over the sale of its prized memory chip unit were harming Toshiba's stakeholders and customers.

Exclusive: Universal president says founder Okada 'unfit' for board in private letter

TOKYO (Reuters) - The president of Japan's Universal Entertainment Corp said the company's founder Kazuo Okada is "unfit" to be the director of a public company, in a private letter to a shareholder seen by Reuters.

'Hammer, hammer, hammer': Canada lobbies U.S. before NAFTA talks

CINCINNATI, Ohio (Reuters) - In the baking Ohio heat Canada's trade minister is trying to save NAFTA, one encounter at a time.

High-tech dashboards signal big changes for auto parts suppliers

SAN FRANCISCO (Reuters) - Peer at the instrument panel on your new car and you may find sleek digital gauges and multicolored screens. But a glimpse behind the dashboard could reveal what U.S. auto supplier Visteon Corp found: a mess.

Investors call on Mylan chairman, director to step down

NEW YORK (Reuters) - An investor group led by New York City's comptroller called for Mylan NV's Chairman Robert Coury and Director Wendy Cameron to step down, as part of a campaign against the firm's executive pay packages and high prices for an allergy treatment.

Oil rises for 6th session, buoyed by US output decline

SINGAPORE (Reuters) - Crude oil rose for a sixth straight session on Thursday to its highest since June 19 on a decline in U.S. output, but ongoing worries about global oversupply continued to drag.

Meal-kit maker Blue Apron goes public, demand underwhelms as Amazon looms

(Reuters) - Blue Apron Holdings Inc , the biggest U.S. meal kit provider, raised $300 million as it went public on Wednesday, a third less than it had hoped, as Amazon.com's industry-changing deal to buy Whole Foods Market Inc weighed on the sector.

SEC probes bankers from Barclays, Morgan Stanley on Puerto Rico bond sales

(Reuters) - The U.S. Securities and Exchange Commission may take action against bankers from Barclays Plc and Morgan Stanley for their roles in Puerto Rico bond sales, according to filings with the Financial Industry Regulatory Authority (FINRA).