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Genworth Financial Inc

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  • CEO pay: biggest raises and biggest cuts of 2014 Tuesday, 26 May 2015 | 6:00 AM ET

    1. Richard Hayne, Urban Outfitters, $535,636, up 682 percent. 2. David Zaslav, Discovery Communications, $156.1 million, up 368 percent. 3. John Richels, Devon Energy, $14.9 million, up 301 percent.

  • April 29- Life and mortgage insurer Genworth Financial Inc is considering going private and would be open to selling its long-term care insurance unit, among other strategic options, Chief Executive Tom McInerney said. McInerney said that, although Genworth would be open to selling its long-term care insurance unit, it could be difficult to find a buyer.

  • April 29- Life and mortgage insurer Genworth Financial Inc is considering going private or selling its long-term care insurance unit, among other strategic options, Chief Executive Tom McInerney said. Genworth's shares rose as much as 11 percent on Wednesday. Genworth had also said at the time that the long-term care business remained "a priority".

  • April 29- Life and mortgage insurer Genworth Financial Inc is considering strategic options, including going private or selling its global life and annuity insurance unit, Chief Executive Tom McInerney said. The company's shares rose 6.5 percent to $8.51 in early trading on Wednesday. "We're in the early stages of talking to players who might be interested in...

  • Genworth Financial profit falls 16 pct Tuesday, 28 Apr 2015 | 5:29 PM ET

    April 28- Life and mortgage insurer Genworth Financial Inc reported a 16 percent drop in quarterly profit, hurt by lower operating income from its global mortgage insurance unit. Net profit attributable to common shareholders in the first quarter ended March 31 fell to $154 million, or 31 cents per share, from $184 million, or 37 cents per share, a year earlier.

  • April 2- U.S. insurer Genworth Financial Inc is seeking buyers for a life and annuity unit, Bloomberg reported, citing people familiar with the matter. Genworth has been carrying out a restructuring plan after reporting losses of more than $1.5 billion in the past two quarters due to hefty charges to cover losses in its long-term care business.

  • March 2- Life and mortgage insurer Genworth Financial Inc said it identified "material weakness" in its control over financial reporting, due to which it failed to spot a $44 million after-tax calculation error. Genworth said it failed to correctly implement changes to one of its methodologies as part of its long-term care insurance claim reserves review...

  • March 2- Life and mortgage insurer Genworth Financial Inc said it identified "material weakness" in its control over financial reporting, due to which it failed to spot a $44 million after-tax calculation error. Genworth said it failed to correctly implement changes to one of its methodologies as part of its long-term care insurance claim reserves review in...

  • Feb 10- Genworth Financial Inc reported a bigger-than-expected quarterly loss as the U.S. life and mortgage insurer took an after-tax charge of $478 million related to long-term care policies it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • REFILE-Genworth Financial posts quarterly loss (Feb 10) Wednesday, 11 Feb 2015 | 8:46 AM ET

    Net loss attributable to common shareholders in the fourth quarter ended Dec. 31 was $760 million, or $1.53 per share, compared with a profit of $208 million, or 41 cents per share, a year earlier.

  • Feb 9- Genworth Financial Inc reported a bigger-than-expected quarterly loss as the U.S. life and mortgage insurer took an after-tax charge of $478 million related to long-term care policies it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • UPDATE 1-Genworth Financial loss exceeds estimates Tuesday, 10 Feb 2015 | 5:58 PM ET

    Feb 9- Genworth Financial Inc reported a quarterly loss much bigger than market estimates as it took an after-tax charge of $478 million related to long-term care active life blocks it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • Genworth Financial posts quarterly loss Tuesday, 10 Feb 2015 | 5:13 PM ET

    Net loss attributable to common shareholders in the fourth quarter ended Dec. 31 was $760 million, or $1.53 per share, compared with a profit of $208 million, or 41 cents per share, a year earlier.

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