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.
Rajat Gupta, the former Goldman Sachs Group Inc. director once accused of feeding inside information to Galleon Group LLC’s Raj Rajaratnam, will face federal charges, a person familiar with the matter said, making him the highest-ranking executive to be named in the probe.
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.
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.