During Monday’s Afternoon trade, Shares of Molson Coors Brewing Company (NYSE:TAP), gain 0.47% to $71.99.
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.
Shares of Cobalt International Energy, Inc. (NYSE:CIE), declined -2.14% to $7.99, during its Afternoon trading session.
Cobalt International Energy, Inc. (CIE) an indirect, wholly-owned partner of Cobalt International Energy, Inc. (the “Company”), reached a Borrowing Base Facility Agreement (the “Facility Agreement”) with Socit Gnrale, as administrative agent, and certain other lenders. GOM#1 is the direct owner of the oil and gas leases, wells, production facilities and other assets and agreements associated with the Company’s Heidelberg development. GOM#1 does not own any of the Company’s other oil and gas assets. The Facility Agreement provides for a limited recourse $150 million senior secured reserve-based term loan facility. The proceeds of the loans under the Facility Agreement will be accessible to fund the majority of GOM#1’s share of the remaining Heidelberg field development costs, subject to the maintenance of a debt to equity ratio of the total investment in the Heidelberg development of no more than 70:30. GOM#1 may request that the commitments under the Facility Agreement be raised by up to an additional $100 million upon the satisfaction of certain conditions set forth in the Facility Agreement, and such enhance is subject to lender participation. In addition, GOM#1 may request a further commitment enhance by up to $400 million if GOM#1’s interest in the Heidelberg field is raised, with such enhance subject to lender participation.
The Company is a party to the Facility Agreement and has limited funding obligations thereunder. Until completion of the Heidelberg development in accordance with the current field development plan and certain other requirements set forth in the Facility Agreement (“Completion”), the Company has guaranteed to fund cost overruns that may be incurred up to an aggregate of $38.7 million. The Company agreed to cash collateralize 50% of its funding obligation in respect of cost overruns by depositing $19.4 million in a collateral account established following the terms of the Facility Agreement.
Cobalt International Energy, Inc., through its auxiliaries, engages in the exploration and production of oil-focused, below-salt exploration prospects. Its project portfolio comprises North Platte, Heidelberg, Shenandoah, and Anchor discovery in the U.S. Gulf of Mexico; Cameia, Lontra, Mavinga, Bicuar, and Orca in the offshore Angola; and Diaman in the offshore Gabon.
Cheetah Mobile Inc (ADR) (NYSE:CMCM), during its Monday’s Afternoon trading session decreased -1.43% to $26.16.
Cheetah Mobile Inc (ADR) (CMCM) the world’s leading developer of mission-critical mobile utility applications, launched the Cheetah Ad Platform, a mobile advertising technology platform that works with the world’s leading brand advertisers, publishers and developers to reach and engage with global consumer audiences at scale.
Cheetah Mobile’s owned and operated mobile applications (Cheetah Apps) and media ad network (Cheetah MediaLink) are united to provide brands with the unique opportunity to reach the right audience, at the right time, in the right format to attract users throughout the purchase cycle. These key pillars of the Cheetah Ad Platform provide massive global reach, while ensuring deep engagement and performance through its innovative ad formats, audience targeting technology and conversion optimization solutions.
As a leading mobile app developer, providing consumers with a speedier, simpler and safer mobile experience, Cheetah Mobile has developed a large, global user base comprised of loyal and engaged consumers. In the first quarter of 2015, its total global mobile installations reached 1.34 billion users and its mobile monthly active users reached over 440 million. In addition, Cheetah Mobile has expanded its media reach through key acquisitions of Zoom Interactive and MobPartner to complement and diversify its mobile network.
Cheetah Mobile Inc. operates a platform that offer mobile and PC applications for users and global content distribution channels for business partners in China. The company’s suite of applications optimizes mobile and PC Internet system performance and provides real time protection against known and unknown security threats. Its mobile and PC applications for users comprise Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; CM Security, an anti-virus and security application for mobile devices; Battery Doctor, a power optimization tool for mobile devices; Cheetah Browser, a safe Web browser for PCs and mobile devices; and CM Launcher, which is a secure launcher that offers acceleration, secure protection, and stylish wallpapers, in addition to automatically organizes mobile phones based on personal behavior; Photo Grid, a photo collage application that allows users to create professional looking collages of photos through an intuitive interface for mobile devices; and Duba Anti-virus, an Internet security application for PC and mobile devices.
Finally, Norfolk Southern Corp. (NYSE:NSC), gained 0.52%, to $86.39.
Norfolk Southern (NSC) will declare its second-quarter financial results during a conference call and live Internet webcast at 8:45 a.m. EDT on Monday, July 27, 2015. Quarterly earnings results will be released at 8 a.m. EDT on July 27, and a press release will be posted at www.nscorp.com under the Investors section.
Norfolk Southern Corporation, together with its auxiliaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2014, it operated about 20,000 miles of road in 22 states and the District of Columbia. The company also operates planned passenger trains; transports overseas freight through various Atlantic and Gulf Coast ports; and provides logistics services. In addition, it provides bimodal truckload transportation services primarily utilizing RoadRailer trailers, a hybrid technology that facilitates over-the-road and on-the-rail transportation in the eastern United States, in addition to in Ontario and Quebec through a network of terminals.
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