On Tuesday, Shares of Regions Financial Corporation (NYSE:RF), gained 1.76% to $10.39.
Regions Financial Corporation, agreed to pay $90 million to settle a shareholder lawsuit over financial-crisis era accounting at the bank, according to court filings, according to WallStreet Journal.
A group of investors sued Regions in 2010 alleging the bank and its former executives issued false and misleading statements about the bank’s financials between Feb. 2008 and Jan. 2009 that inflated its stock price. WSJ Reports.
Regions Financial Corporation, together with its auxiliaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, in addition to equipment lease financing services.
Shares of Invesco Ltd. (NYSE:IVZ), declined -0.76% to $40.37, during its last trading session.
On May 11, Invesco, stated preliminary month-end assets under administration (AUM) of $811.7 billion, an enhance of 1.7% month over month. The enhance was driven by favorable market returns, foreign exchange, and positive net long-term flows. FX raised AUM by $5.7 billion during the month. Preliminary average total AUM for the quarter through April 30 were $810.9 billion, and preliminary average active AUM for the quarter through April 30 were $666.0 billion.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. It manages separate client focused equity, balanced, and fixed income portfolios.
At the end of Tuesday’s trade, Shares of Darling Ingredients Inc. (NYSE:DAR), lost -1.42% to $15.27.
Darling Ingredients, declared financial results for the first quarter ended April 4, 2015.
For the first quarter of 2015, the Company stated net sales of $874.7 million, as contrast with net sales of $946.3 million for the first quarter of 2014. The $71.6 million decrease in net sales is primarily attributable to lower finished product prices, primarily global fat markets, and the foreign exchange rate impact of a weaker euro and Canadian dollar. Raw material volumes globally were stronger year over year.
Net income attributable to Darling for the three months ended April 4, 2015, was $0.1 million, or $0.00 per diluted share, contrast to a net loss of $(52.8) million, or $(0.32) per diluted share, in the first three months of 2014. The Company’s first quarter 2015 results comprise 13 weeks of operations from the VION Acquisition, as contrast to 12 weeks of operations from the VION Acquisition in the first quarter of 2014.
Darling Ingredients Inc. develops, produces, and sells natural ingredients from edible and inedible bio-nutrients worldwide. It operates in three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The company offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy, and fertilizer industries.
Finally, Berkshire Hathaway Inc. (NYSE:BRK-B), ended its last trade with 0.49% gain, and closed at $146.54.
A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa” of Seaworthy Insurance Company (Seaworthy) (Annapolis, MD). The outlook for both ratings is stable.
The ratings reflect Seaworthy’s strong risk-adjusted capital, historical favorable experience within the ocean and inland marine specialty niche and the implicit and explicit support offered by the ultimate parent, Berkshire Hathaway Inc. (Berkshire) [NYSE:BRK.A and BRK.B], and members of the Berkshire organization.
The ratings take into account noteworthy reinsurance protection offered by National Indemnity Company (NICO) (Omaha, NE) through a 75% quota share agreement, together with an additional reinsurance agreement providing 100% coverage for named windstorms. In addition to these programs, GEICO Corporation now serves as an agent for Seaworthy’s inland marine (boat) business.
Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its auxiliaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska.
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