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Prologis Inc. (PLD), an operator of industrial real estate, on Tuesday reported a turnaround to profit in the second quarter, reflecting double-digit revenue growth and higher gains on contributions and disposition of operating properties. Looking ahead, the company also raised its core FFO per share...

Arthur J. Gallagher & Co.(AJG) said that it signed an agreement to acquire the assets of Baker Tilly's Employee Benefits Solutions business, which has annualized revenues of approximately $11.5 million and is located in the United Kingdom. Other terms of the transaction were not disclosed. This agreement...

Diversified industrial company Ingersoll-Rand Co. Ltd. (IR) reported Tuesday a profit for the second quarter that decreased from last year, which was boosted by gains from discontinued operations. The results also reflected revenue growth and improved operating margins amid ongoing productivity efforts. Earnings...

VTTI Energy Partners LP announced the launch of its initial public offering of 17.50 million common units representing limited partner interests in VTTI. The company stated that it will also grant the underwriters an option to purchase up to an additional 2,625,000 common units at the initial public...

Motorcycle manufacturer Harley-Davidson, Inc. (HOG) on Tuesday reported a 30 percent increase in profit for the second quarter from last year on double-digit growth in revenues, reflecting higher motorcycle shipments to dealers and distributors worldwide. Earnings per share for the quarter beat analysts'...

Custody bank State Street Corp. (STT) Tuesday said its second-quarter profit increased from last year, as revenue grew driven by stronger global equity markets, net new business and seasonal benefit from securities finance activity. Adjusted earnings, as well as revenues topped analysts' expectations....

Silicom Ltd. (SILC) said that its net income for the second-quarter 2014 totalled $3.33 million or $0.45 per share, compared with $3.29 million or $0.45 per share in the second quarter of 2013. On a non-GAAP basis, net income rose to $3.7 million or $0.50 per share, from $3.5 million or $0.48 per...

Nutritional supplements maker Herbalife Ltd. (HLF) said Walter Vandaele determined that, "Herbalife's U.S. business operations are consistent with the socially beneficial Multi-Level Marketing model and inconsistent with the socially harmful pyramid scheme model." Herbalife released the findings from...

Advertising and corporate communications services provider Omnicom Group, Inc. (OMC) reported Tuesday a profit for the second quarter that grew 12 percent from last year, reflecting revenue growth across its operating segments and regions. Both earnings per share and quarterly revenues also topped analysts'...

Galmed Pharmaceuticals Ltd. (GLMD) Tuesday said the U.S. Food and Drug Administration, or the FDA, has cleared its Investigational New Drug, or IND, application of its product candidate, Aramchol for the treatment of fatty liver disorders. As a result, Galmed will be able to conduct clinical trials...

Online brokerage TD Ameritrade Holding Corp. (AMTD) on Tuesday reported a 3 percent increase in profit for the third quarter from last year, reflecting strong growth in asset-based revenues. Earnings per share for the quarter matched analysts' expectations, while revenues beat their estimates. Fred...

Bank holding company PacWest Bancorp (PACW) Tuesday reported a rise in second-quarter net earnings amid a significant increase in interest income. Earnings also surpassed analysts' estimates. For the three months to June, net earnings rose to $10.6 million from $4.35 million last year. Earnings per...

Communications and aviation electronics maker Rockwell Collins, Inc. (COL) reported Tuesday a profit for the third quarter that declined from last year, despite double-digit sales growth, reflecting lower sales at government systems and loss from discontinued operations. However, adjusted earnings...

Level 3 Communications, Inc. (LVLT) Tuesday announced its planned executive management team, pending its announced acquisition of tw telecom. The new team will include executives from both Level 3 and tw telecom, establishing a strong foundation for the company. The acquisition of tw telecom is...

First Merchants Corp. (FRME) and Community Bancshares, Inc. (COMB) have executed a definitive deal, whereby Community Bancshares would merge with and into First Merchants, and its unit, Community Bank, would merge with and into First Merchants Bank, N.A. The merger deal provides that shareholders...