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Rowan Companies PLC

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  • *Takes asset impairment charge of $438.4 mln. Feb 27- Rowan Cos Plc said state-owned oil company Saudi Aramco was likely to continue employing about a third of the company's 28 contracted rigs, sending the offshore driller's shares up as much as 5.5 percent on Friday. Rival Hercules Offshore Inc said on Thursday that Saudi Aramco had terminated a drilling...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • Feb 27- Contract driller Rowan Cos Plc wrote down the value of 12 of its oldest jack-up rigs by $438.4 million, joining rivals such as Transocean Ltd in recording big asset impairment charges. Rowan swung to a quarterly loss on the impairment charge, although the company's revenue rose 41 percent to $556.2 million due to two ultra-deepwater rigs coming into...

  • Feb 27- Contract driller Rowan Cos Plc reported a quarterly loss compared with a profit a year earlier, as it wrote down the value of 12 of its oldest jack-up rigs by $438.4 million. The company reported a net loss from continuing operations of $326.9 million, or $2.63 per share, for the quarter ended Dec. 31, compared with a profit of $49.7 million, or 40 cents per share, a...

  • Nov 5- Contract driller Rowan Cos Plc reported better-than-expected quarterly revenue and profit, helped by higher rates for its jackup rigs. The average daily rate for Rowan's jackup rigs rose to $174,300 in the third quarter from $169,200, a year earlier, while the rate for its drillship rose to $660,200 from $605,000. Rowan's net income rose to $119.6 million,...

  • Contract driller Rowan's profit doubles on higher rates Wednesday, 5 Nov 2014 | 8:45 AM ET

    Nov 5- Contract driller Rowan Companies Plc's third-quarter profit more than doubled, helped by higher rates for its rigs and an income tax benefit. The company's net income rose to $119.6 million, or 96 cents per share, in the quarter ended Sept. 30, from $51.9 million, or 42 cents per share, a year earlier. Revenue rose about 22 percent to $467.7 million.

  • Investors lose out when companies flee US tax Monday, 18 Aug 2014 | 4:14 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Establishing a tax domicile abroad to avoid taxes is popular, but many US companies have failed to produce strong returns for investors.

  • Early movers: KO, MNST, EBAY, S, JCP, ATVI & more Friday, 15 Aug 2014 | 7:55 AM ET
    A live market monitor is viewed on the floor of the New York Stock Exchange (NYSE).

    Some of the names on the move ahead of the open.

  • This is the real worry for stocks Tuesday, 6 May 2014 | 7:59 AM ET

    The bond market is giving the stock market angst.

  • Squawking Welch, Buffett, Weill, and 'The Murse' Thursday, 1 May 2014 | 3:41 PM ET

    Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.

  • Your first trade for Thursday Wednesday, 19 Mar 2014 | 1:16 PM ET
    Fast Money Final Trade

    The "Fast Money" traders share their final trades of the day.

  • Beware the high-fliers: Trouble could be lurking Tuesday, 4 Mar 2014 | 10:14 AM ET

    Investors looking to catch a ride with companies that have high-flying earnings projections should be wary before hopping aboard.

  • One thing Yellen could say that may worry markets Wednesday, 26 Feb 2014 | 4:39 PM ET
    Janet Yellen, chair of the Federal Reserve.

    Yellen testifies before the Senate Banking Committee Thursday and if she decides to stop using the weather as an excuse for a down economy, watch out.

  • Dig Deep for Next Crop of Cheap Stocks Tuesday, 19 Mar 2013 | 11:08 AM ET
    Corning Gorilla Glass

    These five stocks trade below tangible book value. TheStreet.com reports.

  • *FBR cuts Diamond Offshore Drilling Inc to market perform from. *FBR cuts Rowan Companies PLC to market perform from outperform; price. *FBR raises Hercules Offshore Inc price target to $5.25 from $4.40;.

  • *Global hunter raises Baker Hughes Inc price target to $49 from $42. *Global hunter raises Ensco PLC price target to $69 from $67. *Global hunter cuts Flotek Industries Inc price target to $16 from $18.

  • Favorable Tax Draws Companies to Britain Monday, 8 Oct 2012 | 7:16 AM ET
    St George's Flag & Houses of Parliament

    At least 20 multinationals are drawing up plans to move their regional or global headquarters to Britain over the next year after government efforts to increase the competitiveness of the UK’s business tax regime.

  • Oct 5- Rowan Companies PLC:. *Raymond James cuts Rowan Companies to market perform from outperform. Reuters Station users, click. 1568.

  • *JP Morgan cuts Rowan Companies PLC to underweight from neutral. *JP Morgan raises Rowan Companies PLC price target to $39 from $38. *JP Morgan cuts Schlumberger price target to $83 from $84; rating overweight.

  • Traders work on the floor of the New York Stock Exchange during morning trading.

    Money managers say take tax losses in cyclical sectors that suffer the most in a bear market and invest the proceeds in more defensive sectors, such as health care and consumer staples.