On Thursday, Shares of Twitter, Inc. (NYSE:TWTR), gained 1.73% to $28.30.
Twitter’s board is under an increasing amount of pressure. The company’s stock has fallen 22 percent since June, and investors are becoming increasingly impatient for directors to make a decision as to who will become the next CEO, according to Yahoo Finance.
Twitter’s co-founder Jack Dorsey became interim CEO in June after Dick Costolo unexpectedly resigned. Yahoo Finance added.
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, counting Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos.
Shares of Vantage Drilling Company (NYSEMKT:VTG), declined -0.53% to $0.08, during its last trading session.
Vantage Drilling Company received a notice dated August 31, 2015 from Petrobras America, Inc. and Petrobras Venezuela Investments & Services B.V. stating that PAI and PVIS were terminating the Agreement for the Provision of Services Contract for the Titanium Explorer dated February 4, 2009, between PVIS and Vantage Deepwater Drilling Company, a wholly-owned indirect partner of Vantage, and which had been novated to PAI. The Notice alleges that Vantage has breached its obligations under the Drilling Contract. The Notice does not provide any explanation as to the facts and conduct that constitute a breach by Vantage of its obligations under the Drilling Contract.
Vantage strongly disagrees with the allegations of contractual breaches made by PAI and PVIS in the Notice. Vantage has filed for arbitration to challenge the assertions made in the Notice and to assert that the Notice is a wrongful attempt to terminate the Drilling Contract. Vantage believes that it is in compliance with all of its obligations under the Drilling Contract.
Vantage Drilling Company, through its auxiliaries, provides offshore contract drilling services in the United States and internationally. It offers drilling units, related equipment, and work crews under contract to drill oil and natural gas wells.
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