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GENWORTH FINANCIAL INC
The global IPO market has never been hotter than it is right nowAn all-time high of almost $350 billion has been raised in initial public offerings in the first six months of this year, according to data...
How ByteDance's CEO Yiming Zhang balked at selling TikTok's U.S. businessChina's opposition to a forced sale of TikTok, as well as concerns by major ByteDance backers such as Sequoia and General Atlantic over the...
'Neutron' Jack Welch, who led GE's rapid expansion, dies at 84GE saw great growth and expansion under Welch's leadership. Through streamlining operations, acquiring new businesses and ensuring that eac...
GE's surprise $15 billion shortfall was 14 years in makingIn 2004, GE spun out an insurance unit, Genworth Financial Inc., through a stock offering. The move was important to the parent company. It...
Genworth to sell 34% of Australian unit in IPORichmond, Virginia-based Genworth Financial will sell 200 million shares, another 20 million options in Australian company.
- Small US banks waiting to access govt funds
Small banks in areas where housing slump hit hardest are frustrated for their inability to access govt's $700 bn rescue pkg. Rise and fall ...
- Insured mortgage defaults top 80,000 in October
Defaults on privately insured US mortgages rose 35 per cent in October, and topped 80,000 for the first time.
- Subprime defaults blamed for US earning woes
Railroads, chemical producers and insurance companies are blaming the worst US housing slump in 16 years for their earnings woes.