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EuroInvestor.co.uk (Free subscription) | 04/10/2008
Fitch Ratings has placed Genworth Financial, Inc.´s (NYSE: GNW) primary life insurance subsidiary ratings on Rating Watch Negative. This action aligns the Rating Watch status for all G.. - Read more
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Business Week (Free subscription) | 01/10/2008
Late yesterday, Reliant Energy () lowered retail contribution margin outlook for 2008 by $300-$350 million as result of effects of Hurricane Ike, including reduced sales volumes, sale of excess supply during this time, updates to retail pricing assumptions, increased storm-related operating costs. Says third quarter results hurt by mild weather, reduced off-peak prices. Estimates 2008 open wholesale...
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Business Week (Free subscription) | 30/09/2008
Technical Assistance / File Not Found We're sorry to hear that you received a File Not Found Error Message.Please check the following before you submit this form.If you encountered this error from clicking on a link from one of our newsletters, make certain of the following:PLEASE NOTE: Some S&P features and AP stories on BusinessWeek.com reside on the BusinessWeek servers for a limited amount of time....
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PR News Wire (Free subscription) | 30/09/2008
RICHMOND, Va., Sept. 30 /PRNewswire-FirstCall/ -- Genworth Financial,
Inc. (NYSE: ) today said it is examining a number of strategic
alternatives regarding its U.S. Mortgage Insurance (U.S. MI) business,
including a possible spin-off, to determine the optimal course for
Genworth, its customers and shareholders. The company also reaffirmed its
sound financial foundation and cash availability to meet...
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PR News Wire (Free subscription) | 22/09/2008
RICHMOND, Va., Sept. 22 /PRNewswire-FirstCall/ -- Genworth Financial,
Inc. (NYSE: ) will hold a conference call on September 25, 2008 at 4:30
p.m. (ET) to provide an update regarding its U.S. Mortgage Insurance
business. The material for this call will be posted on the company's
website at approximately 4:00 p.m. (ET).
Genworth's conference call will be accessible via telephone and the
Internet....
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The Industry Standard (Free subscription) | 20/09/2008
Shares of life and mortgage insurer Genworth Financial Inc. soared Friday as the government said it is working on a plan to help rescue banks from billions of dollars in toxic assets. A temporary ban on short selling also helped boost financial stocks. Genworth Financial shares rallied $6.10, or 67.7 percent, to $15.25, even as a Citi analyst reduced the mortgage insurer's earnings outlook. Treasury...
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Market Watch (Free subscription) | 18/09/2008
SAN FRANCISCO (MarketWatch) -- Genworth Financial said on Thursday that it has roughly $900 million in cash and cash equivalents at its holding company and said it doesn't depend on the commercial paper market for short-term funding. Genworth made the comments after the life and mortgage insurer's shares lost more than half their value earlier on Thursday. The stock rebounded in late action to close...
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PR News Wire (Free subscription) | 08/09/2008
Company has reduced holdings in recent months
RICHMOND, Va., Sept. 8 /PRNewswire-FirstCall/ -- Genworth Financial,
Inc. (NYSE: ) today released figures on its Fannie Mae and Freddie Mac
holdings.
As of September 5, 2008 Genworth had reduced its total holdings of
senior debt in these two organizations to $119 million from $141 million on
June 30, 2008. It also had reduced its preferred stock holdings...
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PR News Wire (Free subscription) | 02/09/2008
RICHMOND, Va., Sept. 2 /PRNewswire-FirstCall/ -- Genworth Financial,
Inc. (NYSE: ) announced today that it has expanded its service offerings
in its wealth management business through Quantuvis Consulting, a provider
of practice management and business development offerings to independent
financial advisors.
"Genworth is adding key services, tools and experience to our already
robust menu of practice...
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Banking Business Review (Free subscription) | 19/08/2008
Genworth Financial has announced the launch of its new wealth management division, Genworth Financial Wealth Management, by integrating two of its companies, AssetMark Investment Services and Genworth Financial Asset Management.
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PR News Wire (Free subscription) | 18/08/2008
RICHMOND, Va., Aug. 18 /PRNewswire-FirstCall/ -- Genworth Financial,
Inc. (NYSE: ) today announced the launch of its new wealth management
division, Genworth Financial Wealth Management, Inc. The announcement
completes the integration of two Genworth companies, AssetMark Investment
Services, Inc. and Genworth Financial Asset Management. Genworth completed
its acquisition of AssetMark in October 2006.
...
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GuruFocus Updates (Free subscription) | 07/08/2008
Economic slowdown has fanned worries towards investors. The decline in oil prices to below $120 per barrel underlines the decrease in consumer demand over all other markets. Is it time to plant bargain seeds for the harvest in the future? Eaton Corp. (ETN), Rockwell Automation Inc. Common (ROK), Genworth Financial Inc. (GNW), MGM MIRAGE (MGM), Companhia Vale Do Rio Doce (RIO ), KeyCorp (KEY).