Market Update

Shares of McCormick & Co

dropped about 0.6% after the company announced its plans to lift its quarterly dividend by 11%. McCormick will now pay a dividend of $0.31 per share, up from $0.28 per share. Shares of CNOOC Ltd

fell about 1.4% after the company named Mr. Li Fanrong as the company's new chief executive officer. Mr. Li Fanrong will replace Yang Hua as CEO. Shares of TiVo Inc

surged about 4.3% after the company reported lower-than-expected third-quarter loss. The company posted a quarterly loss of $24.5 million, or $0.21 per share, on revenue of $64.8 million. However, analysts were expecting a loss of $0.23 per share on revenue of $60.15 million. Infineon Technologies AG

company announced its plans to lift its dividend by 20%. The company will pay dividend of EUR0.12 per share for the fiscal year ended September 30, up from EUR0.10, in the year-ago period.