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Comerica Inc. (CMA) Monday announced results of its Dodd-Frank Act Mid-year Stress Tests, which projected Tier I Common Ratio of 9.4 percent, compared to 10.6 percent at the end of the first quarter. The firm said it remains well capitalized throughout the forecast horizon. In the DFAST BHC Severely...

US-based energy firm ConocoPhillips (COP) has hired banks to sell its 24 percent stake in the Clair oilfield, the UK's largest oilfield, the Financial Times reported quoting people familiar with the matter. The stake is said to fetch between $2 billion and $3 billion. BP Plc. (BP, BP.L) has a 28.6...

Ritchie Bros. Auctioneers Inc. (RBA, RBA.TO) said that its Board has adopted amended and restated by-laws and a Say on Pay Policy as part of the Corporation's continued commitment to implementing good corporate governance practices. Commencing with the Corporation's 2015 annual meeting, shareholders...

Department store chain Sears Holdings Corp. (SHLD) disclosed in a regulatory filing that it borrows a $400 million secured short-term loan from its Chief Executive Officer and Chairman Edward Lampert's hedge fund ESL Investments Inc. The company said it expects to use the proceeds of the Loan for...

Reading International Inc. (RDI) said that its controlling shareholder and former Chairman and Chief Executive Officer, James Cotter, Sr. has passed away. Cotter has been the controlling force at our Company for nearly three decades. He is survived by his three children, each of whom is active in...

Mexican telecom giant America Movil SAB De C.V. (AMX, AMOV) is preparing to sell assets in Mexico worth up to $17.5 billion and has contacted potential suitors including AT&T Inc. (T) and Japan's Softbank Corp. (SFTBY, SFTBF) on the sale, Bloomberg reported Monday, citing people with knowledge of the...

Alere Inc. (ALR) confirmed Monday that a group of former executives, led by former CEO Ron Zwanziger, filed a Schedule 13D with the Securities and Exchange Commission and subsequently sent a letter to Gregg Powers, Chairman of the Board, requesting one month of due diligence in an effort to secure financing...

Gilead Sciences Inc (GILD) Monday signed non-exclusive licensing agreements with seven India-based generic drug makers to expand access to its chronic hepatitis C medicines in developing countries. The agreements allow the companies - Cadila Healthcare, Cipla, Hetero Labs , Mylan Laboratories, Ranbaxy...

Chinese e-commerce giant Alibaba Group Holding Ltd. said in a regulatory filing Monday that it now expects to price its initial public offering between US$66 and US$68 per American Depositary Shares, up from its previous estimate of US$60 to US$66 per ADS. However, Alibaba did not increase the IPO...

Ixia (XXIA) Monday reported second-quarter net loss of $15 million or $0.19 per share compared with a profit of $3 million or $0.04 per share last year. Excluding items, adjusted earnings for the quarter were $0.01 per share. Revenues for the quarter were lower at $109.5 million compared with $112...

Salix Pharmaceuticals Ltd (SLXP) said Monday the FDA granted tentative approval for Uceris (budesonide) rectal foam for the induction of remission in patients with active mild-to-moderate distal ulcerative colitis (UC) extending up to 40cm from the anal verge. The Uceris rectal foam is a rectally...

Global Payments Inc (GPN), a provider of payment solutions, Monday agreed to acquire Ezi Holdings Pty Ltd (Ezidebit) for AU$305 million. Founded in 1998, Ezidebit is an integrated payments company focused on recurring payments verticals in Australia and New Zealand. The deal is expected to close...

Student Transportation Inc. (STB, STB.TO) reported net income for the fourth quarter of US$4.7 million or US$0.06 per share, compared to US$6.7 million or US$0.08 per share for the year-ago quarter. Fourth quarter revenue rose to US$142.57 million from US$122.28 million a year ago. Analysts polled...

Amgen (AMGN) and UCB on Monday announced positive results from several exploratory analyses of the Phase 2 study evaluating romosozumab in postmenopausal women with low bone mineral density ("BMD"). Romosozumab is an investigational bone-forming agent that is designed to work by inhibiting the protein...

Build-A-Bear Workshop, Inc. (BBW) said Monday that it has appointed Voin Todorovic as its new Chief Financial Officer, effective September 15. Todorovic was most recently employed at Wolverine World Wide, Inc. as the head of finance and operations for its Lifestyle Group which includes a portfolio...