When I re-ran Malwarebytes, I got a screen that showed 7 items, all of which were already selected for quarantine. I quarantined them. The Update/Admin "Program" that once appeared in my list of installed programs no longer appears.
Following is the Malwarebytes log:
Malwarebytes Anti-Malware
www.malwarebytes.org
Scan Date: 3/15/2016
Scan Time: 7:25 AM
Logfile:
Administrator: Yes
Version: 2.2.0.1024
Malware Database: v2016.03.15.04
Rootkit Database: v2016.03.12.01
License: Trial
Malware Protection: Enabled
Malicious Website Protection: Enabled
Self-protection: Disabled
OS: Windows 7 Service Pack 1
CPU: x86
File System: NTFS
User: Ed
Scan Type: Threat Scan
Result: Completed
Objects Scanned: 298244
Time Elapsed: 7 min, 8 sec
Memory: Enabled
Startup: Enabled
Filesystem: Enabled
Archives: Enabled
Rootkits: Disabled
Heuristics: Enabled
PUP: Enabled
PUM: Enabled
Processes: 0
(No malicious items detected)
Modules: 0
(No malicious items detected)
Registry Keys: 4
PUP.Optional.UpdateAdmin, HKLM\SOFTWARE\MICROSOFT\WINDOWS\CURRENTVERSION\UNINSTALL\{81F17B54-5D57-485E-88CC-F6D20D66B5E0}, Quarantined, [13fd91f7e3b60e289a39f33d4bb99b65],
Adware.NowUSeeIt, HKU\S-1-5-21-3659970256-991337627-2867597209-1001\SOFTWARE\NowUSeeItPlayer, Quarantined, [9b75f494c1d8e84e109a9dc591738e72],
Adware.NowUSeeIt, HKU\S-1-5-21-3659970256-991337627-2867597209-1001\SOFTWARE\MICROSOFT\INTERNET EXPLORER\DOMSTORAGE\nowuseeitplayer.com, Quarantined, [10000d7bc1d86ec8cf3e0a5f2bd9649c],
Adware.NowUSeeIt, HKU\S-1-5-21-3659970256-991337627-2867597209-1001\SOFTWARE\MICROSOFT\INTERNET EXPLORER\DOMSTORAGE\ui.nowuseeitplayer.com, Quarantined, [69a78404178216207e8f571245bfe917],
Registry Values: 1
PUP.Optional.UpdateAdmin, HKLM\SOFTWARE\MICROSOFT\WINDOWS\CURRENTVERSION\UNINSTALL\{81F17B54-5D57-485E-88CC-F6D20D66B5E0}|Publisher, DownloadAdmin, Quarantined, [13fd91f7e3b60e289a39f33d4bb99b65]
Registry Data: 0
(No malicious items detected)
Folders: 1
PUP.Optional.UpdateAdmin, C:\Windows\Installer\{81F17B54-5D57-485E-88CC-F6D20D66B5E0}, Quarantined, [8d83bdcb7128ab8bc8659ed70202f30d],
Files: 1
PUP.Optional.UpdateAdmin, C:\Windows\Installer\{81F17B54-5D57-485E-88CC-F6D20D66B5E0}\icon.ico, Quarantined, [8d83bdcb7128ab8bc8659ed70202f30d],
Physical Sectors: 0
(No malicious items detected)
(end)