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Sunday 20 September 2015
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Latest Update

News Review: Rowan Companies (NYSE:RDC), TiVo Inc.(NASDAQ:TIVO), Molson Coors Brewing Company(NYSE:TAP), Vishay Intertechnology(NYSE:VSH)

On Tuesday, Rowan Companies PLC(NYSE:RDC)’s shares inclined 0.69% to $17.41.

Rowan Companies plc (“Rowan” or the “Company”) (RDC) declared that its report of drilling rig status and contract information has been updated as of August 31, 2015. The report titled “Fleet Status Report” can be found on the Company’s website at www.rowan.com.

Notable events in the current report comprise:

  • Rowan Middletown:Awarded three-year extension through August 2018 with Saudi Aramco at a day rate of $69,000.
  • Charles Rowan:Awarded three-year extension through August 2018 with Saudi Aramco at a day rate of $69,000.
  • Arch Rowan:Awarded three-year extension through August 2018 with Saudi Aramco at a day rate of $69,000.

Rowan Companies plc provides offshore oil and gas contract drilling services. It operates a fleet of 30 self-elevating mobile offshore jack-up drilling units, in addition to 3 ultra-deepwater drill ships. The company operates in the United States Gulf of Mexico, the United Kingdom, and Norwegian sectors of the North Sea, the Middle East, West and North Africa, Southeast Asia, and Trinidad. Rowan Companies plc was founded in 1923 and is based in Houston, Texas.

TiVo Inc. (NASDAQ:TIVO)’s shares gained 2.82% to $9.10.

TiVo Inc. (NASDAQ: TIVO)

Record Service and Software & Technology revenue of $99.1 million, an increase of 14% year-over-year, exceeding guidance

MSO service revenue growth accelerated, up approximately 48% year-over-year; driven by a 32% year-over-year increase in MSO subscriptions

Adjusted EBITDA of $32.4 million, exceeding guidance

GAAP Net Income was $8.3 million; Non-GAAP Net Income grew 28% year-over-year to $11.9 million

Total TiVo subscriptions now over six million

TiVo-Owned gross additions of 37,000 were up 37% year-over-year; 8th straight quarter of double-digit growth

Signed new distribution deals with the National Cable Television Cooperative (NCTC) and recently announced Wide Open West (WOW!)

TiVo’s recently acquired emerging market offering, Cubiware, performing ahead of expectations and recently announced deals with Global Satellite (Philippines) and SuperCanal (Argentina)

TiVo Inc. provides television software services and cloud-based software-as-a-service solutions that enable to view video content through various screens. It offers whole-home solutions that comprise 4-Tuner and 6-Tuner digital video recorders (DVRs)/gateways, non-DVR IP set-top boxes (STBs), and software to enable streaming to application on third-party devices, such as iOS and Android mobile phones and tablets through features, such as What to Watch Now, OnePass, integrated search, access to broadband video content, and TiVo online/mobile scheduling.

At the end of Tuesday’s trade, Molson Coors Brewing Company (NYSE:TAP)‘s shares surged 3.01% to $69.29.

Molson Coors Brewing Company (TAP) declared that consumer product executive Mary Lynn Ferguson-McHugh will join its board of directors, effective right away.

Ferguson-McHugh is the Group President of Global Family Care for Procter & Gamble Company (PG), one of the world’s largest makers of consumer packaged goods. P&G has one of the strongest portfolios of trusted, quality, leadership brands, counting Always, Bounty, Charmin, Crest, Gillette, Olay, Oral-B, Pampers, Pantene and Tide.

Molson Coors Brewing Company manufactures and sells beer and other beverage products. The company sells its products under the Coors Light, Molson Canadian, Carling, Carling Black Label, Coors Altitude, Coors Banquet, Creemore Springs, the Granville Island, Keystone Light, Mad Jack, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Pilsner, and the Rickard’s family brands in Canada; and brews or distributes under the Amstel Light, Heineken, Murphy’s, Newcastle Brown Ale, Strongbow cider, Desperados, Dos Equis, Moretti, Sol, Tecate, Miller Chill, and Miller Genuine Draft brands. It also sells various brands in the United States and Puerto Rico, such as Coors Light, Miller Lite, Batch 19, Blue Moon, Coors Banquet, Coors Non-Alcoholic, Grolsch, Hamm’s, Henry Weinhard’s, Icehouse, Keystone, Leinenkugel’s brands, Mickey’s, Miller Fortune, Miller Genuine Draft, Miller High Life, Milwaukee’s Best, Olde English 800, Peroni Nastro Azzurro, Pilsner Urquell, Sharp’s non-alcoholic, Smith & Forge, St. Stefanus, Steel Reserve, Third Shift, Worthington’s, and hard cider brands; and brews or distributes under the George Killian’s Irish Red, Redd’s, Foster’s, and Molson brands.

Vishay Intertechnology (NYSE:VSH), ended its Tuesday’s trading session with 3.46% gain, and closed at $10.18.

Vishay Intertechnology, Inc. (VSH) declared that Peter Henrici, Senior Vice President, Corporate Communications will present at the Citi 2015 Global Technology Conference on Wednesday, September 9, 2015 at 4:15 p.m. EDT at the New York Hilton Midtown Hotel in New York City.

Vishay Intertechnology, Inc. manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The company operates in five segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors, and Capacitors. The MOSFETs segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage Super Junction MOSFETs, power integrated circuits, and integrated function power devices.

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