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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...

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...

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...

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...

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...

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...

Following its announcement on March 30, precious metals firm Lonmin Plc. (LNMIF.PK, LMI.L) said its Board of Directors decided on July 21 to confirm the appointment, with immediate effect, of Brian Beamish as Chairman of the company. Beamish said, "I will continue to work closely with our Chief Executive...

I.D. Systems, Inc. (IDSY), a provider of wireless M2M asset management solutions, said that it has appointed Norman Ellis as its chief operating officer. Ellis will be responsible for I.D. Systems' customer-facing operations, including sales, marketing, customer service, implementation and support. Before...

Gannett Co., Inc. (GCI), media holding company and parent of the newspaper USA Today, Tuesday reported a rise in second-quarter earnings amid higher revenues as the Belo Corp. acquisition boosted broadcasting revenues. Earnings also topped analysts' estimates. For the three months to June, net earnings...

Synovus Financial Corp. (SNV) reported that its net income available to common shareholders for the second quarter of 2014 was $44.31 million or $0.32 per share, up from $30.72 million or $0.24 per share in the prior year quarter. Excluding restructuring charges of $7.7 million, net income available...

Liberty Property Trust (LPT) said that its funds from operations available to common shareholders for the second quarter of 2014 increased to $88.72 million from $81.78 million in the same quarter last year. Funds from operations for the second quarter were $0.59 per share, compared to $0.66 per share...

MYOS Corp. (MYOS), a developmental-stage biotherapeutics company focused on muscle health and function, Tuesday said male participants taking Fortetropin in a clinical trial showed significantly improved lean body mass as well as increased muscle size when compared with placebo. The various endpoints...

Heartland Express, Inc. (HTLD) Tuesday posted higher earnings for the second quarter, reflecting significant growth in operating revenues. The group posted second-quarter profit of $26.5 million or $0.30 per share, up from $19.1 million or $0.23 per share last year. On average, 13 analysts polled...