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Tuesday 30 June 2015
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Pre-Market News Buzz on: AVG Technologies NV (NYSE:AVG), Ocwen Financial Corp (NYSE:OCN), PPG Industries, Inc. (NYSE:PPG)

On Wednesday, Shares of AVG Technologies NV (NYSE:AVG), lost -1.60% to $28.22.

Mobile phones are gaining an increasing share in the battle for parental attention, with a third of children, surveyed for a recent study, saying their parents spent equal or less time with them, than on their devices. The research, conducted by AVG Technologies N.V. (AVG), the online security company for more than 200 million monthly active users, examined children’s perceptions of their parents’ mobile device use, and uncovered some worrying trends.

Hinting at ongoing digital intrusion upon family life, over 50 percent of the children questioned, felt that their parents checked their devices too often (54 percent); and their biggest grievance, when given a list of possible, bad device habits, was that their parents allowed themselves to be distracted by their device during conversations (36 percent) – something that made a third of the complainants feel unimportant (32 percent).

AVG Technologies N.V. develops and sells online service solutions and Internet security software under the AVG brand name. It offers software and online services, such as security, PC optimization, online privacy, cloud-based desktop administration, mobile security, content filtering, remote monitoring, and other products on various desktop and mobile operating systems.

Shares of Ocwen Financial Corp (NYSE:OCN), inclined 0.47% to $10.76, during its last trading session.

The NAACP Florida State Conference and Ocwen Financial Corporation (OCN) hosted a “Assist & Hope for Homeowners” event on Saturday, June 20, which offered Florida homeowners in need the opportunity to receive in-person, individualized advice and mortgage solutions.

Homeowners had the opportunity to meet with Ocwen Home Retention Agents, who discussed loan modification options to make their mortgage payments more manageable, potentially saving their home from foreclosure. United States Department of Housing and Urban Development (HUD) approved financial counselors were also in attendance providing financial counseling and assisting homeowners with the necessary paperwork.

Ocwen Financial Corporation, a financial services holding company, engages in servicing and origination of mortgage loans in the United States. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset administration services to owners of mortgage loans and foreclosed real estate.

Finally, PPG Industries, Inc. (NYSE:PPG), ended its last trade with -0.26% loss, and close at $117.97.

PPG Industries, held a meeting for securities analysts in Cabo San Lucas, Mexico. The meeting comprised of presentations by Michael McGarry, PPG president and chief operating officer; and Marcos Achar Levy, PPG vice president, architectural coatings, Latin America, and chief executive officer, PPG-Comex.

During the meeting, PPG reviewed details of PPG-Comex Mexican operations, offered information about the growth of the Mexican economy and PPG-Comex, and toured PPG-Comex concessionaire locations. The company indicated during the meeting it anticipates cost synergies associated with the Comex acquisition to be $45 million to $50 million by the end of 2016, up from the company’s previous guidance of $30 million to $40 million.

PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company’s Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; sealants, coatings, maintenance cleaners, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; and chemical administration services.

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