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Ambac Financial Group Inc. (AMBC) announced Friday that its principal financial guarantee subsidiary, Ambac Assurance Corporation , has finalized a settlement with the City of Detroit regarding its insured limited tax general obligation or "LTGO" bonds. The LTGO settlement is comprised of new LTGO...

Fomento Económico Mexicano, S.A.B. de C.V. or FEMSA (FMX) said its second-quarter net consolidated income dropped by 12.1% to Ps. 4.46 billion, from Ps. 5.08 billion a year ago, hurt by higher financing expenses on bonds issued recently by Coca-Cola FEMSA, a decline in FEMSA's reported 20% participation...

RSP Permian, Inc. (RSPP), an independent oil and natural gas company, Friday said it will buy certain undeveloped acreage and oil and gas producing properties located in Glasscock County for nearly $259 million in cash, through separate transactions. The company expects the deals to add to its cash flow...

Contract electronics manufacturer Jabil Circuit Inc. (JBL) announced that its board has authorized the repurchase of up to $100 million worth of shares of the Company's common stock. This share repurchase program expires on August 31, 2015. The company's current repurchase authorization of $200 million...

STMicroelectronics (STM), a global semiconductor leader serving customers across the spectrum of electronics applications, Friday said it has opened a new MEMS Microphone Lab in Taiwan to test and analyze high-performance audio applications built with ST's MEMS microphones. ST's new advanced MEMS...

Molson Coors Brewing Co. (TAP, TAP-A, TAP) Friday said that after a 40-year career in the beer business, Peter Swinburn, Chief Executive Officer and President, has decided to retire from the company and its Board of Directors on December 31. The Board has named Mark Hunter, currently CEO and President...

NuStar Energy L.P. (NS) reported second quarter net income applicable to limited partners of $43.6 million or $0.56 per unit, up from $21.6 million or $0.28 per unit, earned in the second quarter of 2013. Analysts polled by Thomson Reuters expected the company to report earnings of $0.46 per share for...

MYOS Corp. (MYOS), an emerging biotherapeutics and bionutrition company, Friday said it has signed an extension of its supply agreement with Deutsches Institut fuer Lebensmitteltechnik e.V or DIL, the German Institute for Food Technologies, for the continued manufacturing and supply of Fortetropin, the...

Avery Dennison Corp. (AVY), a provider of labeling and packaging materials and solutions, Friday reported a decline in its second-quarter net earnings to $42.5 million from $68.8 million last year. Earnings per share reduced to $0.44 from $0.68 in the year-ago period. For the quarter, net earnings...

Herbalife Ltd. (HLF) announced that it has appointed Alan Hoffman to the newly established role of Executive Vice President of Global Corporate Affairs reporting to Michael Johnson, Herbalife's chairman and CEO. The company stated that Hoffman will lead public policy, corporate communications, government...

Premier, Inc. (PINC), a collaborative healthcare alliance, Friday announced that it has expanded relationship with University Hospitals or UH in Cleveland, Ohio, to improve health of the communities it serves. The value of the contracts was not disclosed. UH is a large and prestigious academic health...

TCF Financial Corp. (TCB) Friday said second-quarter net income available to common stockholders rose to $48.28 million from $34.06 million last year. Earnings per common share were $0.29, compared to $0.21 last year. On average, 18 analysts polled by Thomson Reuters expected earnings of $0.27 per...

Moog Inc. (MOG-A, MOG-B), a provider of precision control components and systems, announced third quarter earnings of $48.12 million or $1.08 per share, up from $34.23 million or $0.75 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings...

Allergan Inc. (AGN) Friday said the European Union's Committee for Medicinal Products for Human Use or CHMP has proposed extending the marketing authorization for OZURDEX, to treat adult patients with vision loss due to diabetic macular edema or DME. Allergan is still awaiting the final decision from...

Aaron's, Inc. (AAN) Friday reported second-quarter net earnings of $8.51 million or $0.12 per share, significantly down from $25.85 million or $0.34 per share in the prior year. On a non-GAAP basis, net earnings were $0.37, compared to $0.50 per share a year ago. On average, seven analysts polled...