WASHINGTON/NEW YORK The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond being a cushion against catastrophe.
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TOKYO 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.
ZURICH 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.
NEW YORK 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.