In 2004, GE spun out an insurance unit, Genworth Financial Inc., through a stock offering. The move was important to the parent company. It...

Richmond, Virginia-based Genworth Financial will sell 200 million shares, another 20 million options in Australian company.

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 ...

Defaults on privately insured US mortgages rose 35 per cent in October, and topped 80,000 for the first time.

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