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Stock Market & Financial Investment News

News Breaks
December 11, 2012
09:54 EDTGNWGenworth trading higher after naming new CEO
Genworth Financial (GNW) is trading higher this morning after its board of directors selected Thomas J. McInerney as the company's president and CEO. McInerney most recently served as an adviser to The Boston Consluting Group and previously served as the COO of ING Groep (ING) and President of Aetna Financial Services (AET). McInerney's appointment is effective as of January 1, 2013 and he will also be elected to Genworth's board of directors. The company says James S. Riepe will continue to serve as non-executive chairman. Acting CEO Marty Klein will re-assume his full-time role as CFO when McInerney becomes CEO. Genworth shares rose 33c, or 4.91%, to $7.05 in early morning trading.
News For GNW From The Last 14 Days
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October 22, 2014
08:17 EDTGNWGenworth could rise more than 60% if split, Bloomberg says
Shares of Genworth Financial (GNW), which are trading below the price at which GE (GE) took it public in 2004, could rise 64% if it chose to separate its mortgage-guarantee operations from its life and long-term care insurance business, as has been suggested by shareholder John Paulson, estimates Bloomberg in its "Real M&A" column. Reference Link

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