Regions Financial Corp. , Alabama’s biggest bank, had its credit rating cut for the second time this month by Moody’s Investors Service after the lender ousted three managers who oversaw risk and souring assets.
Vinson & Elkins LLP is closing its Shanghai office later this year and will consolidate the China practice in its existing Beijing and Hong Kong offices, according to a firm memo by Chairman Mark Kelly.
Unilever Chief Executive Officer Paul Polman has revived ice cream, skin care, and other parts of his company’s sprawling consumer-product business since taking the helm in 2009, yet one category remains a sore spot. Call it the tempest in tea.
Regions Financial Corp., Alabama’s biggest bank, said first-quarter profit rose 68 percent, beating analysts’ estimates on cost cuts and lower provisions for loan losses. The shares rose the most in three months.
New Jersey Senator Barbara Buono, the presumptive Democratic opponent of Governor Chris Christie, was cited for not wearing a seatbelt during a car accident last night that left her with a cut on her forehead.