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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 fundsSmall 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 OctoberDefaults 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 woesRailroads, chemical producers and insurance companies are blaming the worst US housing slump in 16 years for their earnings woes.
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