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Stock Market & Financial Investment News

News Breaks
November 21, 2012
12:09 EDTRF, GNWStocks with call strike movement; GNW RF
Genworth (GNW) January 3 call option implied volatility increased 42% to 76, Regions Financial (RF) January 4 call option implied volatility increased 34% to 77 according to iVolatilty.
News For GNW;RF From The Last 14 Days
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August 4, 2015
19:27 EDTGNWOn The Fly: After Hours Movers
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18:58 EDTGNWGenworth believes mortgage business compliant with PMIERs capital requirements
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18:56 EDTGNWGenworth reports Q2 net EPS 24c, consensus 26c
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July 26, 2015
14:12 EDTRFRegions Financial looks 20%-30% too cheap, Barron's says
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July 22, 2015
10:01 EDTRFOn The Fly: Analyst Downgrade Summary
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09:37 EDTRFRegions Financial downgraded to Hold from Buy at Sandler O'Neill
05:21 EDTGNWGenworth enters into talks with AXA to sell lifestyle protection business
Genworth Financial (GNW) announces it has entered into exclusive negotiations with AXA S.A. (AXAHY) after receiving an irrevocable offer to purchase its lifestyle protection insurance business. The company expects to accept the offer and execute an associated purchase agreement upon completion of the French works council consultation process. The sale price is expected to be approximately $510M and the company will record an after-tax loss of approximately $310M in Q2 related to the expected sale and pension settlement costs. Net proceeds from the transaction, net of pension settlement costs and transaction related expenses, are estimated to be approximately $400M. Genworth plans to use these proceeds to advance compliance with the Private Mortgage Insurer Eligibility Requirements and to reduce debt levels. The sale is expected to close by the end of 2015 and is subject to other customary conditions, including requisite regulatory approvals.

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